Understanding the Table:
The comparison table above helps you see the total cost of your DBS Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
DBS Bank has received numerous awards and accolades over the years for its banking and financial services, including being named "World's Best Bank" by Euromoney and "Asia's Best Bank" by The Banker. The bank is recognized for its commitment to innovation, sustainability, and social responsibility, as well as its focus on providing a seamless and personalized customer experience.
DBS Remit is an online money transfer service offered by DBS Bank that allows customers to send money from their DBS or POSB account to another bank account overseas. The service is available in multiple currencies and allows for same-day or next-day transfers, making it a convenient and fast option for sending money internationally.
DBS Remit offers competitive exchange rates and low fees, making it an affordable option for sending money overseas. Customers can also benefit from preferential exchange rates for selected currencies, which can help them save money on their international money transfers.
DBS Remit is available in a range of countries and regions, including Southeast Asia, China, Hong Kong, Taiwan, India, Australia, New Zealand, Europe, the United Kingdom, and the United States. The service allows customers to send money to over 40 countries and regions worldwide, including the Philippines, Indonesia, Malaysia, Thailand, Vietnam, China, Hong Kong, Taiwan, India, the United States, and the United Kingdom.
To use DBS Remit, customers need to have a DBS or POSB account and access to DBS's online banking platform or mobile app. Customers can initiate the transfer online and track the status of their transfer through the platform. DBS Bank also provides customer support to assist customers with any questions or concerns related to their DBS Remit transactions.
Overall, DBS Remit is a reliable and convenient option for sending money internationally, with competitive exchange rates and low fees. As it operates in multiple countries and regions, it provides a flexible and accessible solution for customers looking to send money overseas.
The DBS Bank USD to SGD exchange rate is 1.2256. This is -3.9% compared to the latest USD-SGD mid-market rate 1.2753.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Singapore dollar (SGD) rates from different sources before making a conversion.
The above DBS Bank - Dollar to Singapore dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by DBS Bank and other foreign exchange providers against the latest USD-SGD mid-rate and the possible savings of using various providers.
Looking at the full USD to SGD - Send Money comparison table the provider with the best USD to SGD exchange rate is OFX at 1.2689, -0.5% from the latest mid-market rate 1.2753.
The next best is XE at 1.2677, -0.6% from the mid-rate.
Then Wise at 1.267, which is -0.65% from the mid-rate.
The Western Union rate is 1.2626 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 1.1823 at -7.3% the Wells Fargo Bank rate is 1.1746 at -7.9% and the Citibank rate is 1.2333 at -3.3% compared to the mid-rate 1.2753.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like DBS 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.
View a full list of exchange rates by selecting your Base (from) currency:
