Singapore Dollar (SGD) Live Exchange Rate & Remittance Guide

About the Singapore Dollar

The Singapore Dollar was introduced in 1967 following Singapore's separation from Malaysia. MAS uniquely manages it through a basket of currencies (rather than a single peg or free float), giving Singapore one of the most stable currencies in Asia. The SGD is fully convertible and widely used in regional trade.

Why SGD matters for remittance

Singapore has roughly 1.5 million foreign workers — primarily from Bangladesh, India, the Philippines, China, Indonesia, and Myanmar. The SGD→BDT, SGD→INR, and SGD→PHP corridors handle billions in remittances annually. MAS actively encourages digital remittance to reduce informal channels.

What 1 Singapore Dollar (SGD) is worth in major currencies right now, at the wholesale mid-market rate.

USD rate is live from Wise's comparison API; other reference rates are derived from the latest USD-anchored mid-market table. Retail providers add a margin on top — see the comparison table on each corridor page for the rate you'll actually receive.

Compare SGD corridors

See live rates and the best providers for each pair.

Singapore remittance guide

Country profile for sending money OUT of Singapore — regulators, top corridors, FAQs.

SGD remittance regulations

All remittance providers in Singapore are licensed by MAS under the Payment Services Act 2019. Customer funds must be safeguarded in segregated accounts. The S$5,000 threshold triggers enhanced KYC; transactions above S$20,000 require source-of-funds documentation.

How to send Singapore Dollar (SGD)

1. 1

   Use PayNow or FAST to fund your provider account from any Singapore bank — both are free and instant.

2. 2

   Compare providers on 'recipient gets'; major banks (DBS, OCBC, UOB) typically charge 1–2% more than fintechs.

3. 3

   For BDT and LKR corridors, Wise and Instarem usually have the tightest spreads.

4. 4

   MAS-licensed providers display their license number — check on the MAS website to confirm legitimacy.

Currency facts

ISO 4217

702

Sub-unit

100 cents = 1 dollar

Central bank

Monetary Authority of Singapore (MAS)

Daily FX volume

$40 billion/day

Symbol

S$

52-week range (vs USD)

0.738 – 0.748

Frequently asked questions