BestExchangeRates Singapore Compare & Save on Foreign Exchange
How BestExchangeRates Saves Singaporeans Money on FX
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Singapore and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track SGD rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
Popular SGD Exchange Rates
Follow exchange rates via your personal BER Tracker Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
Where do you want to Send Money?
We compare exchange rates from major financial institutions in Singapore.
Save with our partners who are among the best & most trusted brands in Singapore.
Get Better Currency Exchange Rates
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Singapore dollar market update
In October, the Singapore dollar (SGD) experienced a notable depreciation against the US dollar (USD), reversing gains achieved in the preceding months as market participants remained cautious amid uncertainty surrounding US interest rate policies and the upcoming November elections. Analysts observed that the SGD is currently trading at 0.7315 against the USD, which is 1.7% below its three-month average of 0.7443. This reflects a consistent trading pattern within a stable 4.7% range from 0.7290 to 0.7634, further highlighting traders' risk-averse stance as they await clearer signals from the Federal Reserve.
Despite this recent weakening, Singapore's economic resilience remains strong, prompting economists to upgrade the nation's 2024 growth forecast to 3.5%, up from the previous estimate of 2%-3%. The Ministry of Trade and Industry reported a third-quarter GDP rise of 3.2% quarter-on-quarter, indicating robust recovery momentum within the local economy. The SGD is currently performing well against the Euro and the Japanese yen, trading at 0.7100 (0.7% above the three-month average) and 115.6, respectively. These movements suggest that while uncertainty in the USD-SGD pairing persists, the SGD maintains relative strength against other major currencies. As the Monetary Authority of Singapore maintains a hawkish monetary policy, market views are mixed; traders are keenly monitoring US economic indicators and local inflation data for further cues on the SGD's direction.
BestExchangeRates.com keeps you up-to-date on Singapore dollar forecasts by collating the views of reliable FX forecasters and economists together with recent SGD price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.