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Citibank exchange rates

Compare Citibank's current exchange rates before your next international money transfer.

Andrew Munro

Posted Nov 19, 2020

Fact checked

Exchange rates can make all the difference when sending money overseas. And while using your bank might seem convenient, it often won’t offer the best value for money.

The smart thing to do is to compare your options – and that means knowing what exchange rate you’ll get. Begin by checking out Citibank’s current exchange rates and comparing them to other options.

What are Citibank’s foreign exchange rates?

To find out what exchange rates Citibank offers, you’ll need to either sign up or already have an account with Citibank. Banks in Singapore, in general, will add around 4.5% to the exchange rate as a margin, according to the World Bank.

A lot of specialist money transfer services, by comparison, will only add a margin of 1–2%. Get some quotes below to see how Citibank compares to the other options and to the mid-market rate.

The mid-market rate is like the current official exchange rate. It’s called the “mid-market” rate because it’s the average “middle” of the buy and sell rates on the global forex market.
It’s rare for banks and money transfer services to offer you the true mid-market rate. Instead, they’ll usually try to buy slightly below mid-market rates and sell slightly above them to turn a profit on exchange rates.
This difference can be much larger than any of the fees.
So when you want to find the best exchange rates, look for a service offering as close to mid-market rates as possible.

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Updated: 24 Jan 2021 22:56:02 UTC

Citibank currency exchange: What to know

What we like

Instant transfers between Citibank accounts. As a global bank, you can make instant transfers to overseas Citibank accounts in over 15 countries.
Flexible account options. The Citibank Global Transfer (CGT) service lets you make instant international payments to eligible Citibank accounts without any transfer fees. Meanwhile, the Citi Global Foreign Currency Account can hold up to 9 different currencies, cut international transfer fees and come with a wide range of transactional features.

What to watch out for

Uncompetitive exchange rates. Citibank adds a larger margin to exchange rates than specialist money transfer services typically do.
Fees apply. Different fees can apply in different circumstances. Compared to dedicated international money transfer services, it can be more difficult to ensure you’ve accounted for all possible fees.

Find out more about sending an international transfer with Citibank

How do Citibank’s exchange rates compare?

Exchange rates are constantly changing, so it’s not possible to flat out say one bank will always offer better or worse rates than another.

But being able to check the live rates is the next best thing, so compare your options when you need to make a money transfer and see if you can save.

I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
SGD 2,000	1 - 2 days	SGD 0.00	0.75	USD 7,503	WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 2,000.00 Transfer methods Online, Phone Transfer options One off payments, Market orders Customer service Phone, Email Available currencies AED, AUD, BBD, BGN, CAD, CHF, CZK, DKK, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KES, LKR, MUR, MYR, NOK, NZD, PHP, PLN, RUB, SEK, SGD, TND, USD, ZAR Go to site Read the full review
USD 60	1 day	-	-		Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.	Go to site	Compare	Show details	Details Minimum transfer amount USD 60.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments Customer service Phone, Email Available currencies AUD, BDT, EUR, GBP, IDR, INR, KES, LKR, MXN, MYR, NPR, PHP, PKR, PLN, SGD, THB, USD, VND Go to site Read the full review
SGD 250	1 day	SGD 0.00	0.75	USD 7,503	Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee. OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 250.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, ARS, AUD, AZN, BGN, BHD, BND, BRL, CAD, CHF, CLP, CNY, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, YER, ZAR Go to site Read the full review
SGD 2,000	1 day	SGD 0.00	0.75	USD 7,503	TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 2,000.00 Transfer methods Online, Phone, Agent Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
SGD 1	Same day	SGD 3.99	0.75	USD 7,496	Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply. WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, ANG, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MVR, MWK, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SRD, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, YER, ZAR, ZMW, ZWD, BYN Go to site Read the full review
SGD 250	1 day	SGD 0.00	0.75	USD 7,503	SendFX guarantees to match any competitor's exchange rate. T&Cs apply. SendFX has fee-free transfers in 30+ currencies to over 200 countries.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 250.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Forward contracts Customer service Phone, Email Available currencies AED, AUD, BGN, BHD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, JPY, KES, KWD, MXN, NOK, NZD, OMR, PHP, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, YER, ZAR, CHE Go to site Read the full review
SGD 1	1 - 2 days	SGD 45.00	0.753	USD 7,499	TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 1.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
SGD 5	1 - 2 days	SGD 3.00	0.749	USD 7,490	Special offer: Zero fees on your first 10 transfers. CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 5.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CLP, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, INR, NOK, NZD, PAB, PHP, PLN, SEK, SGD, THB, USD, YER, ZAR Go to site Read the full review
SGD 1	1 day	SGD 43.00	0.753	USD 7,501	Pay no fees on your first two transfers, up to S$3000. SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AUD, BDT, CAD, CNY, EUR, GBP, HKD, IDR, INR, JPY, KRW, LKR, MYR, NPR, NZD, PHP, PKR, SGD, THB, USD, VND Go to site Read the full review
SGD 200	2 days	SGD 50.00	0.747	USD 7,435	InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 200.00 Transfer methods Online, Phone Transfer options N/A Customer service Phone, Chat, Email Available currencies ARS, AUD, BDT, CAD, CLP, CNY, COP, CZK, DKK, EUR, GBP, HKD, HUF, IDR, INR, KRW, LKR, MXN, MYR, NOK, NPR, PEN, PHP, PLN, SEK, SGD, THB, USD, VND, YER Go to site Read the full review

Compare up to 4 providers

The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Thank you for your feedback!

Andrew Munro

Andrew Munro is the cryptocurrency editor at Finder. He was initially writing about insurance, when he accidentally fell in love with digital currency and distributed ledger technology (aka “the blockchain”). Andrew has a Bachelor of Arts from the University of New South Wales, and has written guides about everything from industrial pigments to cosmetic surgery.

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Citibank exchange rates

Compare Citibank's current exchange rates before your next international money transfer.

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