What is the
WorldRemit Send Money conversion rate for SGD to MVR?
The WorldRemit SGD to MVR exchange rate is 11.95. This is -0.99% compared to the latest SGD-MVR mid-market rate 12.07.
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 Maldivian rufiyaa (MVR) rates from different sources before making a conversion.
The above
WorldRemit - Singapore dollar to Rufiyaa 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-MVR mid-rate and the possible savings of using various providers.
How do WorldRemit SGD-MVR rates compare between providers?
Looking at the full
SGD to MVR - Send Money comparison table the provider with the best SGD to MVR exchange rate is Wise at 12, -0.58% from the latest mid-market rate 12.07.
The next best is WorldRemit at 11.95, -0.99% 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 WorldRemit or platforms that offer rates closer to the mid-market rate.