What is the
Citibank Send Money conversion rate for SGD to JPY?
The Citibank SGD to JPY exchange rate is 108.42. This is -3.4% compared to the latest SGD-JPY mid-market rate 112.24.
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 Japanese yen (JPY) rates from different sources before making a conversion.
The above
Citibank - Singapore dollar to Yen comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Citibank and other foreign exchange providers against the latest SGD-JPY mid-rate and the possible savings of using various providers.
How do Citibank SGD-JPY rates compare between providers?
Looking at the
full comparison table
the best SGD to JPY exchange rate is 111.68 from OFX, -0.5% from the mid-market rate 112.24. The next best rate is 111.56 from XE, -0.61% from the mid-rate. Then Wise with 111.56 is -0.61% from the mid-rate.
Among the banks the CIMB Bank rate is 107.86 at -3.9% the OCBC Bank rate is 109.21 at -2.7% and the Maybank rate is 108.31 at -3.5% compared to the mid-rate 112.24.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Citibank 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.
Compare SGD to JPY Transfer Rates