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    Best SGD to INR Exchange Rates Compared Live

    The best SGD to INR exchange rate is 61.71. We compare conversion costs to this mid-market rate and other FX providers, find better rates & deals.

    Singapore dollar to Indian rupee (SGDINR) rate guide contents:

    Compare SGD-INR exchange rates

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to Indian rupee (INR) rates from different sources before making a conversion.

    This Singapore dollar to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest SGD-INR mid-rate and the possible savings of using another provider.

     

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    @bestfxrates : ๐Ÿ“ˆ SGD to INR remains stable near 61.70. Despite global uncertainties & inflation risks noted by MAS, no change to policy band expected. RBI unlikely to ease until '24, keeping INR pressure within 82-84 USD range. Oil prices & geopolitical concerns weigh in. Watch the 61.50-63.09 band. #Forex #SGDINR #MarketUpdate

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    SGD to INR Market Data

    Singapore dollar (SGD) to Indian rupee (INR) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 SGD =
    61.71We compare provider deals to this wholesale mid-market rate. Read more
    INR
    +0.0%
    ๐Ÿ“ˆ1W
    SGD to INR is at 7-day highs near 61.71, just 0.8% below its 3-month average of 62.2, having traded in a very stable 2.6% range from 61.49 to 63.09
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    DateSGD/INRChangePeriod
    07 Feb 2024
    61.78
    0.1% โ–ผ2 Week
    23 Nov 2023
    62.15
    0.7% โ–ผ3 Month
    21 Feb 2023
    61.82
    0.2% โ–ผ1 Year
    22 Feb 2019
    52.58
    17.3% โ–ฒ5 Year
    23 Feb 2014
    48.92
    26.1% โ–ฒ10 Year
    26 Feb 2004
    26.57
    132.2% โ–ฒ20 Year
    SGD/INR historic rates & change to 21-Feb-2024

    Forecasts for SGD to INR

     

    According to recent forecasts and market updates, analysts expect the SGD to INR exchange rate to remain relatively stable in the near term. The Monetary Authority of Singapore (MAS) expressed concern about potential risks to inflation and uncertainty in growth recovery. However, there is no expectation of any changes in the prevailing slope of the policy band or the width and center of the currency band. The SGD gained some momentum after the Federal Reserve's decision to hold rates, but uncertainties surrounding global growth prospects and geopolitical tensions in Ukraine and the Middle East may limit the Sing dollar's rising momentum.

    Read our full review of recent SGD to INR forecasts.

     

    How to get a good SGD to INR exchange rate

    There are several ways to save on exchange rates when converting Singapore dollar to Indian rupee:

    1. Shop around for the best SGD/INR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the SGD/INR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both SGD and INR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Indian rupee with Singapore dollar, then it's better for the SGD/INR 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.

    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.

    Will the Singapore dollar rise against the Indian rupee?

    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/INR to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up๐Ÿ“ˆ or Down๐Ÿ“‰ trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    Read our Currency guide to India - a practical currency and money guide to travel, living and doing business in India with the Indian rupee.

     
     
     

    Country Currency Guides

    IndiaIndia (INR)SingaporeSingapore (SGD)
     

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    How is the expat life in India?

    The expat life in India can be very exciting and enriching. There are many things to see and do, and the people are generally very friendly and welcoming. India can be a challenging place to live at times, but it is also very rewarding.

    Read more at our India (INR) 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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