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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.

 
 

We compare and review only trusted regulated FX brands

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

Watchlist (Popular SGD Rates)

1 Active Alert 🔔

Exchange rates are volatile and can move considerably on a daily basis. Setting up a watchlist will help you decide the best time to make a foreign exchange transaction. These daily alerts can notify you either when an interbank exchange rate makes a significant UP or DOWN move or when a rate reaches a HIGH or LOW for periods from 14 to 90 days.

FROM / TO 90 DAY TRENDLATEST RATERECENT ALERTS

GBP / EUR
1.1645
90-DAY HIGH (5d)

EUR / USD
1.1038
14-DAY LOW 🔔

AUD / USD
0.6857

GBP / USD
1.2853
14-DAY LOW (2d)

USD / JPY
109.02
90-DAY HIGH (3d)

Login to Create your own Watchlist  View All SGD Rates

Compare the actual market exchange rates

  

SGD to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD(U$)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
U$7,307.540.7345S$510.6%
OFX logo
U$7,2930.72930 for BER users (normally $15)0.8%
DBS Bank logo
U$7,145.120.7158182.81%
OCBC Bank International Money Transfers
OCBC Bank logo
U$7,081.470.7153S$1003.68%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
U$7,0790.7105183.72%
HSBC logo
U$7,075.370.7086S$153.76%
Citibank International Money Transfers
Citibank logo
U$7,012.570.7021124.62%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 

TransferWise logo

TransferWise: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:0.7345 (0.1% from mid-rate)
To Amount (USD) U$7,307.54
Total Cost:0.6%
Time:1:09 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.7293 (0.8% from mid-rate)
To Amount (USD) U$7,293
Total Cost:0.8%
Difference:
U$15 USD less than using TransferWise
Time:
Rate Fetched: 1:09 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logo

DBS Bank: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:0.7158 (2.64% from mid-rate)
To Amount (USD) U$7,145.12
Total Cost:2.81%
Difference:
U$162 USD less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logo

OCBC Bank: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:0.7153 (2.71% from mid-rate)
To Amount (USD) U$7,081.47
Total Cost:3.68%
Difference:
U$226 USD less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:0.7100 (3.43% from mid-rate)
To Amount (USD) U$7,079
Total Cost:3.72%
Difference:
U$229 USD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:0.7086 (3.62% from mid-rate)
To Amount (USD) U$7,075.37
Total Cost:3.76%
Difference:
U$232 USD less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:0.7021 (4.5% from mid-rate)
To Amount (USD) U$7,012.57
Total Cost:4.62%
Difference:
U$295 USD less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

WorldRemit logo

WorldRemit: Foreign Transfer SGD→USD
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 11/11/2019 - See full table
 

Welcome to BER Singapore. Here we list useful guides and FX provider reviews plus market updates keep our customers aware of the latest SGD dollar exchange rates, charts and rate changes in the major SGD cross currency pairs.

#Guides
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Market Outlook for the Singapore dollar

SGD/USD – 3 month chart

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).


 

Money Saving Guides

Facebook’s Libra Is Not the Game Changer That’s Being Promised

Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.

Last update: 6 Jul, 2019

Best Multi-Currency Accounts 2019: WorldFirst vs. TransferWise vs. OFX

We compare the features, exchange rates and security of the three best multi-currency accounts available today — the WorldFirst World Account, the TransferWise Borderless Account and the OFX Global Currency Account.

Last update: 12 Jun, 2019

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

 

US dollar Market Outlook

USD/SGD – 3 month chart

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Compare SGD-USD Exchange Rates.

 

Foreign Exchange News

TransferWise Gets Malaysian Remittance Licence

No longer will Malaysians sending money overseas be subjected to grossly inflated exchange rates and unnecessary bank charges following news that TransferWise has been granted a remittance licence by Bank Negara.

19 Jun, 2019 by Joel Wright

Booming Commodities Can’t Save Australian Dollar

The Australian dollar is at or near multi-month lows against a number of major currencies in spite of a rampant iron ore market — once a great influence on AUD.

15 Jun, 2019 by Joel Wright

 

Euro Market Outlook

EUR/SGD – 3 month chart

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Compare SGD-EUR Exchange Rates.

 

Reviews – Money Transfer Providers

OFX 2019 Review – Foreign transfers with OFX compared

OFX is one of the world’s largest and best providers of international money transfers. This highly regulated firm offers a complete foreign exchange solution complete with 24/7 phone support.

Last update: 27 Aug, 2019

TransferWise Money Transfers – Review

TransferWise has been making waves in the global payments market since it came on the scene back in 2011 and is undoubtedly one of the best services for sending money across borders.

Last update: 26 Aug, 2019

WorldRemit – BER Review

With WorldRemit, send money online 24/7 to 140 destinations at highly competitive exchange rates. Send to bank accounts and mobile money wallets, top up a loved one’s mobile phone or send for cash pick-up.

Last update: 7 Jul, 2019

Australian dollar Market Outlook

AUD/SGD – 3 month chart

At the end of October the AUD surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Compare SGD-AUD Exchange Rates.

 

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