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Understanding the Table:
The comparison table above helps you see the total cost of your Wise 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’.
The average SGD rate margin offered by Wise is 0.56%.
This average is based on individual SGD 10K transfer rates in the currency pairs from Wise that we monitor.
The tables below show the best and worst exchange rate margins offered by Wise for Singapore dollar (SGD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Singapore dollar (SGD) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.
SGD/USD Outlook: The outlook is slightly positive, but likely to move sideways, as the rate is above its recent average yet lacks a clear driver for further growth.
USD/KRW Outlook: Slightly positive, but likely to move sideways, as the rate is above the 90-day average but lacks a clear driver for significant movement.
SGD/EUR Outlook: Neutral, as the exchange rate is near its recent average and trading in a stable range with mixed influences.
To help you understand the real-world value of the current exchange rate, the table below shows how much Singapore dollar are worth in South Korean won 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-KRW interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Wise SGD to KRW exchange rate is 1134.2. This is -0.73% compared to the latest SGD-KRW mid-market rate 1,142.5.
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 South Korean won (KRW) rates from different sources before making a conversion.
The above Wise - Singapore dollar to South Korean won comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest SGD-KRW mid-rate and the possible savings of using various providers.
Looking at the full SGD to KRW - Send Money comparison table the provider with the best SGD to KRW exchange rate is XE at 1135.69, -0.6% from the latest mid-market rate 1,142.5.
The next best is Wise at 1134.2, -0.73% from the mid-rate.
Then OFX at 1097.16, which is -4% 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 like Wise 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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