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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to Israel can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Israel bank accounts or pay a Israeli new sheqel invoice.
Singapore dollar (SGD) to Israeli new sheqel (ILS) market data - latest interbank exchange rate, trend, chart & historic rates.
SGD/USD Outlook: Likely to increase, supported by strong performance above its recent average and near recent highs.
SGD/EUR Outlook: Slightly weaker, but likely to move sideways, as the rate is near its recent average and lacks a clear driver.
To help you understand the real-world value of the current exchange rate, the table below shows how much Singapore dollar are worth in Israeli new sheqel across a range of amounts.
This gives a quick view of what you’d get when converting different SGD amounts at today’s rate * :
*Converted at the current SGD-ILS interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best SGD to ILS exchange rate is 2.4437 from OFX . This is -0.5% compared to the mid-market rate 2.4559.
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 Israeli new sheqel (ILS) rates from different sources before making a conversion.
The above Singapore dollar to Shekel comparison table 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-ILS mid-rate and the possible savings of using various providers.
Looking at the full SGD to ILS - Send Money comparison table the provider with the best SGD to ILS exchange rate is OFX at 2.4437, -0.5% from the latest mid-market rate 2.4559.
The next best is XE at 2.4412, -0.6% from the mid-rate.
Then Wise at 2.4382, which is -0.72% from the mid-rate.
Among the banks the CIMB Bank rate is 2.3233 at -5.4% the OCBC Bank rate is 2.3896 at -2.7% and the Maybank rate is 2.37 at -3.5% compared to the mid-rate 2.4559.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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