DBS Bank exchange rates

Compare the current exchange rates from DBS Bank before making your next international money transfer.

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If you’re looking to send an international money transfer or receive an overseas payment, it’s important to understand how the exchange rate can affect the amount of money that ends up with your recipient at the end of the day. Typically, the major banks in Singapore like as DBS, OCBC and UOB tend to offer similar foreign exchange rates to one another. So while it may seem convenient to go with your current bank, specialised money transfer services generally work out to be much cheaper.

Check out our guide below for the exchange rates offered by DBS Bank to see how they stack up against other money transfer services.

What are DBS Bank’s exchange rates like?

Check out the foreign exchange rates DBS Bank is offering in the table below. This table is accurate as of 16 March 2019.

As you look at the table, the buying rate refers to the rate at which DBS Bank will buy a foreign currency from you and convert into Singapore dollars. The selling rate is the opposite, meaning that it’s the rate DBS Bank will sell the foreign currency at. The selling rate is the exchange rate you’ll need to pay if you need to send Singapore dollars overseas.

CurrencyUnitSelling TT/ODBuying TTBuying OD
US Dollar11.36241.34281.3375
Sterling Pound11.81771.77671.7681
Australian Dollar10.97220.94480.9414
Canadian Dollar11.02421.00240.9967
New Zealand Dollar10.93910.91380.9081
Danish Kroner10.20840.2020.1995
Hong Kong Dollar10.17460.170.1688
Norwegian Kroner10.1610.1560.1534
Swedish Kroner10.14940.14370.1412
Swiss Franc11.36591.33321.332
Chinese Renminbi(Offshore)10.20430.19870
UAE Dirham10.37890.35760
Turkish Lira1000
Japanese Yen1001.2281.19811.1979
Thai Baht1004.33714.20174.1301
Indonesian Rupiah1000.009800
Russian Ruble100000
Mexican Peso100000
Brunei Dollar1110.9926
South African Rand10.09580.09220
Chinese Renminbi1000
Indian Rupee1001.980300
Korean Won1000.121300
Sri Lanka Rupee1000.775300
Philippine Peso1002.602900
New Taiwan Dollar1004.448900
Saudi Rial10036.458500
CurrencyUnitSelling TT/ODBuying TTBuying OD
US Dollar11.36141.34381.3388
Sterling Pound11.81571.77871.7706
Australian Dollar10.97040.94660.9431
Canadian Dollar11.0241.00260.9988
New Zealand Dollar10.93780.91510.9112
Danish Kroner10.20790.20250.2004
Hong Kong Dollar10.17430.17030.1693
Norwegian Kroner10.16060.15640.1542
Swedish Kroner10.14870.14440.1423
Swiss Franc11.36461.33451.3335
Chinese Renminbi(Offshore)10.20380.19920
UAE Dirham10.37650.360
Turkish Lira1000
Japanese Yen1001.22681.19931.1995
Thai Baht1004.32374.21514.1471
Indonesian Rupiah100000
Russian Ruble100000
Mexican Peso100000

Note: In the table above you’ll see two different rates – Telegraphic Transfer (TT) rates and On Demand (OD) rates. TT rates are applicable to funds that have already been cleared with the bank. OD rates are applicable to funds that have yet to be cleared with the bank, such as when selling demand drafts and foreign cheques.

Sending money with DBS Bank: What to know

What we like

  • Same day transfers at $0 fees. There are no transfer fees when you make online transfers to Australia, Canada, China, Eurozone countries, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines Thailand, UK and USA.
  • Locked in FX rates. You can get your preferred rates through foreign exchange lock-ins and also set up auto FX transfers at your preferred rates for amounts above S$1,000.

What to watch out for

  • Uncompetitive exchange rates. DBS Bank often adds a larger margin to the exchange rate compared to specialist money transfer services.
  • High fees for transfers to other countries. Keep an eye out for both sending and receiving fees, especially for countries that do not qualify for $0 fee transfers.

Find out what it’s like to send a money transfer with DBS Bank

How do DBS Bank’s exchange rates compare?

DBS Bank’s $0 transfer fee to popular countries may be an attractive feature, but it’s always worth comparing exchange rates before you send money overseas to see if you can save. Often, a specialist money transfer company can offer you better exchange rates than your local bank, even if they charge a higher transfer fee.

Use the table below to see how much your transfer would cost with a range of different providers and calculate how much you could receive through them.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 250 1 day SGD 0.00 0.693 USD
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Go to site Show details
SGD 1 Same day SGD 3.99 0.697 USD
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
SGD 250 1 day SGD 0.00 0.693 USD
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
SGD 1 1 - 2 days SGD 4.50 0.7 USD
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
SGD 5 1 - 2 days EUR 3.00 0.696 USD
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
SGD 1 1 day SGD 4.30 0.7 USD
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 is based locally in Singapore.
Go to site Show details
SGD 200 2 days SGD 5.00 0.698 USD
Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details

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.

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