What is the
WorldRemit Send Money conversion rate for SGD to LKR?
The WorldRemit SGD to LKR exchange rate is 232.47. This is -1% compared to the latest SGD-LKR mid-market rate 234.82.
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 Sri Lankan rupee (LKR) rates from different sources before making a conversion.
The above
WorldRemit - Singapore dollar to Sri Lankan rupee comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest SGD-LKR mid-rate and the possible savings of using various providers.
How do WorldRemit SGD-LKR rates compare between providers?
Looking at the full
SGD to LKR - Send Money comparison table the provider with the best SGD to LKR exchange rate is XE at 233.41, -0.6% from the latest mid-market rate 234.82.
The next best is Wise at 233.41, -0.6% from the mid-rate.
Then WorldRemit at 232.47, which is -1% from the mid-rate.
Among the banks the CIMB Bank rate is 222.31 at -5.3% the OCBC Bank rate is 228.48 at -2.7% and the Maybank rate is 226.6 at -3.5% compared to the mid-rate 234.82.
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 WorldRemit or platforms that offer rates closer to the mid-market rate.