The live mid-rate SGD to EUR exchange rate is 0.7090. Compare currency conversion rates - Reduce FX costs.
The best SGD to EUR exchange rate is our partner deal rate of 0.7055 from OFX . This is -0.49% compared to the mid-market rate 0.7090.
The standard OFX SGD-EUR rate is 0.6956, -1.9% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Euro (EUR) rates from different sources before making a conversion.
Looking at our comparison table the best SGD to EUR exchange rate is 0.7055 from OFX, -0.49% from the mid-market rate 0.7090. The next best rate is 0.7047 from XE, -0.61% from the mid-rate. Wise with 0.7047 is -0.61% from the mid-rate.
Among the banks, the CIMB Bank rate is 0.6821 at -3.8%, the OCBC Bank rate is 0.6899 at -2.7%, and the Maybank rate is 0.6842 at -3.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Singapore dollar to Euro comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest SGD-EUR mid-rate (see Market Data below ) and the possible savings of using various providers.
Singapore dollar (SGD) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | SGD/EUR | Change | Period |
|---|---|---|---|
08 Jan 2025 | 0.7087 | 0% ▼ | 2 Week |
24 Oct 2024 | 0.7005 | 1.2% ▲ | 3 Month |
23 Jan 2024 | 0.6868 | 3.2% ▲ | 1 Year |
24 Jan 2020 | 0.6712 | 5.6% ▲ | 5 Year |
25 Jan 2015 | 0.6672 | 6.2% ▲ | 10 Year |
27 Jan 2005 | 0.4695 | 50.9% ▲ | 20 Year |
Here are some popular conversion amounts for SGD to EUR (Singapore dollar to Euro)*.
*Converted at the current SGDEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts for the SGD to EUR exchange rate indicate a complex interplay of economic factors and policy decisions that will shape the currency pair's direction moving forward. The Singapore dollar (SGD) saw a depreciation against the US dollar in October, reducing gains made earlier in the year due to risk aversion stemming from uncertainty over US interest rates and upcoming elections. As Singapore's economy demonstrated resilience with a commendable 3.2% GDP growth in Q3 2023, analysts have raised the country's growth forecast for 2024 to about 3.5%, suggesting a robust recovery that could bolster the SGD. Nonetheless, the Singapore Monetary Authority's hawkish stance on monetary policy needs to be weighed against global sentiments, particularly in light of the fluctuating USD.
Read our full review of recent SGD to EUR forecasts.
There are several ways to save on exchange rates when converting Singapore dollar to Euro:
Generally speaking, if you are buying Euro with Singapore dollar, then it's better for the SGD/EUR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add SGD/EUR to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:
Greece: Greece has a relatively low cost of living compared to other Eurozone countries.
Portugal: Portugal has a lower cost of housing than in other Eurozone countries.
Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.
Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.
Read more at our Eurozone (EUR) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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