SGD to USD Exchange Rates & Currency Deals

   

USD to SGD is facing volatility, currently trading around 1.2756, a low in 60 days. Concerns over the Fed's stability and potential rate cuts are pressuring the dollar, while Singapore's stable economic data supports the SGD. Analysts suggest monitoring movements for potential savings on intl transactions

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What is the best Send Money conversion rate for SGD to USD?

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 US dollar (USD) rates from different sources before making a conversion.

The above Singapore dollar to Dollar 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-USD mid-rate and the possible savings of using various providers. 

How do SGD-USD rates compare between providers?

The next best is XE at 0.7792, -0.6% from the mid-rate.

Then Wise at 0.7792, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 0.7562 at -3.5% the OCBC Bank rate is 0.7628 at -2.7% and the Maybank rate is 0.7565 at -3.5% compared to the mid-rate 0.7839.

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.

 

Compare SGD to USD Transfer Rates