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Best Exchange Rates Singapore

Compare & Save on Singapore Dollar (SGD) Exchange Rates from leading foreign exchange providers in Singapore

 

Save Money on Exchange Rates when you Send Money Abroad.

 

View all SGD Exchange Rates

 

We compare and review only trusted regulated FX brands

  • Transferwise
  • OFX
  • World First
  • Instarem
  • World Remit

Compare the actual market exchange rates

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from SGD to USD.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer ProvidersReceive USD($)Exchange RateFee SGDTotal CostTransfer ServicesTransfer SpeedDeal Links
TransferWise logo
7,216.01 USD0.7253$510.61%Bank Transfers - Online, Foreign Currency Accounts1-2 days
OFX logo
7,148 USD0.714801.54%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
DBS Bank logo
7,067.26 USD0.708182.65%Online, Branch, Bank Transfers2-3 days
HSBC logo
6,998.49 USD0.7009$153.6%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
6,999 USD0.7024183.6%Online, Branch, Bank Transfers2-3 days
OCBC Bank International Money Transfers
OCBC Bank logo
6,993.36 USD0.7064$1003.67%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
6,935.67 USD0.6944124.47%Online, Branch, Bank Transfers2-3 days
TransferWise: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:$51 SGD (0.5% + $1)
Exchange Rate:0.7253 (0.1% from mid-rate)
USD amount:7,216.01 USD
Total Cost:0.61%
Time:1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:0.7148 (1.54% from mid-rate)
USD amount:7,148 USD
Total Cost:1.54%
Difference:
68 USD less than using TransferWise
Time:
Rate Fetched: Sun May 19 2019 00:13:37 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.7080 (2.48% from mid-rate)
USD amount:7,067.26 USD
Total Cost:2.65%
Difference:
149 USD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:$15 SGD (.15%)
Exchange Rate:0.7009 (3.46% from mid-rate)
USD amount:6,998.49 USD
Total Cost:3.6%
Difference:
218 USD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:0.7023 (3.26% from mid-rate)
USD amount:6,999 USD
Total Cost:3.6%
Difference:
217 USD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:$100 SGD (1%)
Exchange Rate:0.7064 (2.7% from mid-rate)
USD amount:6,993.36 USD
Total Cost:3.67%
Difference:
223 USD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→USD
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:0.6944 (4.35% from mid-rate)
USD amount:6,935.67 USD
Total Cost:4.47%
Difference:
280 USD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
05/19/2019

 

Market Outlook for the Singapore dollar

SGD/USD – 3 month chart

A big-picture view shows SGD trading sideways against the pound since late 2016, now at S$1.763. SGD reached a 17-month high against the Malaysian ringgit in April, at RM3.073.

With core inflation at a 9-month low in the lead-up to this report and quarterly economic growth at a 2-year low, it’s likely that the Monetary Authority of Singapore will keep monetary policy unchanged when it next meets in October.

According to TradingEconomics.com, the Singapore dollar is likely to be worth S$1.37 per US dollar in 12 months’ time (April 2020).


 

Money Saving Guides

Consumers Throwing Away Billions on FX Fees (TransferWise Study)

As in the rest of the world, consumers in Singapore are being fleeced when it comes to foreign exchange costs, a study by TransferWise has revealed. Individuals in Singapore are being charged 15 times more on international payments than companies are, with S$2 billion lost in hidden FX fees annually.

Last update: 3 May, 2019

A Guide to Buying Overseas Property

Tips on Buying your dream property abroad.

Last update: 3 May, 2019

Save Money with Regular Overseas payments

Setting up regular international payments is easy and can save you time and money If you have recurring overseas transfers to make, consider automating them to simplifying your personal administration and save time in the process. Whether that be for paying an overseas mortgage, receiving a foreign pension, or paying for overseas tuition fees for […]

Last update: 3 May, 2019

Expats Repatriating Funds

Managing exchange rates can be an important for expats repatriating overseas funds & earnings – Send money home at better rates Expats, international investors and frequent travelers often need to move money between countries & currencies and the conventional bank systems for doing this are often slow, cumbersome and expensive. A host of services has […]

Last update: 3 May, 2019

 

US dollar Market Outlook

USD/SGD – 3 month chart

The US dollar has benefitted this year despite some quite serious escalations in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. By mid-May, the Dollar Index was nearly 2 percent higher year-to-date; it was only 0.5 percent away from making a 2-year high.

The greenback’s 2019 strength has come in spite of a dovish turn by the Federal Reserve, which said in March it expects no interest rate increase this year. Fortunately for dollar holders, the rest of the world has problems and many other central banks have also turned dovish, removing some of the policy-based incentives for selling USD.

In May, HSBC warned against thinking that the dollar has got too high. The bank highlighted the “desolation and destruction” (an exaggeration) facing other economies and currencies. “You can never get too high,” the bank’s chief analyst said. “What would you want to buy out there if not dollars?”

Compare SGD-USD Exchange Rates.

 

Foreign Exchange News

WorldFirst add Hong Kong Dollar and Chinese Yuan to World Accounts

WorldFirst add Hong Kong Dollar and Chinese Yuan to World Accounts

World Accounts now let your business collect funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts in China.

16 May, 2019 by BER Team

Australian Dollar at 4-Month Low After China Announces Tariff Retaliation

The US-China trade war is hotting up and that’s bad news for the Australian dollar, which slipped on Monday to a 4-month low against the dollar, euro and yen.

13 May, 2019 by Joel Wright

 

Euro Market Outlook

EUR/SGD – 3 month chart

Against the dollar and pound, the euro remains weak: rates between $1.11 and $1.12 haven’t been seen since June 2017, and a rate of £0.85 was only half a percent above a new 2-year low. The euro fared better against the Australian dollar, with EUR/AUD rates slightly above 2018’s average at A$1.595.

Euro weakness has been driven by Brexit uncertainties (a “flextension” means that Brexit has been pushed back until October) and has followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 as part of an effort to lift the eurozone economy out of this “period of continued [economic] weakness.”

Compare SGD-EUR Exchange Rates.

 

Reviews – Money Transfer Providers

OFX Global Currency Account – BER Review

OFX Global Currency Account – Independent BER Review OFX Global Currency Account: A Summary OFX has a 30-year history and is one of the largest foreign exchange specialists in the world. It offers a “Global Currency Account” (GCA) that allows businesses to hold, send and receive funds in 6 major currencies (GBP, EUR, USD, AUD, […]

Last update: 16 May, 2019

TransferWise Borderless Account – BER Review

TransferWise’s Borderless Account allows users to hold and convert funds in 40 different currencies and send and spend internationally, all at the “real” exchange rate and with exceptionally low service fees. Users can also receive major-currency payments free of charge.

Last update: 16 May, 2019

WorldFirst add Hong Kong Dollar and Chinese Yuan to World Accounts

WorldFirst add Hong Kong Dollar and Chinese Yuan to World Accounts

World Accounts now let your business collect funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts in China.

Last update: 16 May, 2019

Australian dollar Market Outlook

AUD/SGD – 3 month chart

The mid-April to mid-May period was a shocker for the Australian dollar. It suffered across-the-board losses, including losses worth 5 percent against the US dollar. An exchange rate of US68.6¢ on Friday May-17 was the Aussie’s lowest weekly closing rate since early 2016.

Most recently, election jitters, a stuttering domestic economy and elevated trade tensions have driven the Aussie lower.

Following data on May-16 that showed a jump in the unemployment rate, which the RBA has said it is “paying close attention to,” implied probabilities for an interest rate cut in June rose to 60 percent, and that doesn’t bode well for near-term currency valuations.

Compare SGD-AUD Exchange Rates.

 

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