The AUD/SGD rate is at 0.8480, a 7-day low yet above its 3-month average. Analysts note the RBA's policy moves and global commodity prices are key, while the SGD's strength is backed by solid GDP growth. Stay alert to these factors for Intl transaction strategies

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

The best AUD to SGD exchange rate is 0.8438 from OFX . This is -0.5% compared to the mid-market rate 0.8480.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Singapore dollar (SGD) rates from different sources before making a conversion.

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

How do OCBC Bank AUD-SGD rates compare between providers?

Looking at the full AUD to SGD - Send Money comparison table the provider with the best AUD to SGD exchange rate is OFX at 0.8438, -0.5% from the latest mid-market rate 0.8480.

The next best is Wise at 0.8436, -0.52% from the mid-rate.

Then XE at 0.8429, which is -0.6% from the mid-rate.

The Western Union rate is 0.8396 which is -0.99% from the mid-rate.

Among the banks the Commonwealth Bank rate is 0.8133 at -4.1% the ANZ Bank rate is 0.8236 at -2.9% and the ING Bank rate is 0.8064 at -4.9% compared to the mid-rate 0.8480.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like OCBC Bank 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.

 

Compare AUD to SGD Transfer Rates