OCBC Bank USD to SGD Exchange Rates & Currency Deals

   

Analysts report a cautious sentiment for the USD/SGD rate as the USD tests 14-day lows around 1.2815. With upcoming CPI data and uncertainties over Fed policy, the USD remains under pressure while the SGD benefits from stable growth. Monitor key reports for shifts in costs

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

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 OCBC Bank - Dollar 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 USD-SGD mid-rate and the possible savings of using various providers. 

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

The next best is XE at 1.2768, -0.6% from the mid-rate.

Then Wise at 1.2762, which is -0.65% from the mid-rate.

The Western Union rate is 1.2717 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 1.1826 at -7.9% the Wells Fargo Bank rate is 1.1748 at -8.5% and the Citibank rate is 1.2339 at -3.9% compared to the mid-rate 1.2845.

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 USD to SGD Transfer Rates