Maybank SGD to AUD Transfers Compared

What is the Maybank Send Money conversion rate for SGD to AUD?

The Maybank SGD to AUD exchange rate is 1.1321. This is -3.5% compared to the latest SGD-AUD mid-market rate 1.1732.

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 Australian dollar (AUD) rates from different sources before making a conversion.

The above Maybank - Singapore dollar to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Maybank and other foreign exchange providers against the latest SGD-AUD mid-rate and the possible savings of using various providers. 

How do Maybank SGD-AUD rates compare between providers?

Looking at the full SGD to AUD - Send Money comparison table the provider with the best SGD to AUD exchange rate is Wise at 1.1688, -0.38% from the latest mid-market rate 1.1732.

The next best is OFX at 1.1673, -0.5% from the mid-rate.

Then XE at 1.1662, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 1.1366 at -3.1% the OCBC Bank rate is 1.1415 at -2.7% and the Maybank rate is 1.1321 at -3.5% compared to the mid-rate 1.1732.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Maybank 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 or platforms that offer rates closer to the mid-market rate.