The mid-market rate, also commonly referred to as the interbank rate, is the median average between the prices at which people are buying and selling the currency on the global market. It is the true exchange rate, without the margin that most banks and money transfer services add on. To see if you’re offered a good deal, you should always compare the mid-market rate against the rate your bank offers you.You can get an idea of the live mid-market rate by using the calculator below.1
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OCBC exchange rate
A complete list of OCBC's foreign currency exchange rates.
Finding a more favourable exchange rate can make a significant difference in the amount of money that arrives at the other end of an international money transfer. If you’re after the best exchange rate you can get, it’s worth comparing OCBC Bank’s alongside some specialist money transfer services. Often, you’re able to get a better deal elsewhere than with your usual bank.
Begin by checking out OCBC Bank’s current exchange rates and comparing them to some other options.
What are OCBC Bank’s exchange rates like?
Take a look at the approximate FX rates OCBC Bank is offering below. This table is accurate as of 26 March 2021.
On the table, the buying rate is the exchange rate at which OCBC Bank would buy a foreign currency and convert into Singapore dollars for you. The selling rate is opposite, meaning that it’s the rate which OCBC Bank would buy your Singapore dollars and convert into foreign currency for you. This is the exchange rate you’ll need to pay attention to if you want to send your Singapore dollars overseas.
|Currency code||Unit||Currency||OCBC sells TT/OD||OCBC buys TT||OCBC buys O/D|
|ZAR||100 ZAR||African Rand||9.1702||N/A||N/A|
|USD||1 USD||American Dollar||1.3566||1.3366||1.3316|
|AUD||1 AUD||Australian Dollar||1.0416||1.0129||1.0079|
|CAD||1 CAD||Canadian Dollar||1.0822||1.0598||1.0538|
|CNH||100 CNH||Chinese Yuan Offshore||20.9042||20.4042||N/A|
|DKK||100 DKK||Danish Kroner||21.7251||21.0873||20.7873|
|HKD||100 HKD||Hong Kong Dollar||17.5465||17.1265||17.0265|
|INR||100 INR||Indian Rupees||1.8890||N/A||N/A|
|IDR||100 IDR||Indonesian Rupiah||0.0096||N/A||N/A|
|JPY||100 JPY||Japanese Yen||1.2452||1.2145||1.2105|
|MXN||100 MXN||Mexican Peso||6.7058||N/A||N/A|
|NZD||1 NZD||New Zealand Dollar||0.9550||0.9276||0.9226|
|NOK||100 NOK||Norwegian Kroner||15.9347||15.4013||15.1013|
|PHP||100 PHP||Philippine Peso||2.8236||N/A||N/A|
|RUB||100 RUB||Russian Rouble||1.8221||1.6972||N/A|
|SAR||100 SAR||Saudi Riyal||36.8752||N/A||N/A|
|LKR||100 LKR||Sri Lanka Rupees||0.6931||N/A||N/A|
|GBP||1 GBP||Sterling Pound||1.8733||1.8310||1.8210|
|SEK||100 SEK||Swedish Kroner||15.8585||15.3660||15.0660|
|CHF||100 CHF||Swiss Franc||144.9049||141.5590||141.0590|
|THB||100 THB||Thai Bahts||4.4031||4.2486||4.1686|
|TRY||100 TRY||Turkish Lira||17.4462||N/A||N/A|
|AED||100 AED||UAE Dirham||37.7095||35.6950||N/A|
|Currency code||Unit||Currency||OCBC sells TT/OD||OCBC buys TT|
|ZAR||1 USD||African Rand||14.7436||N.A|
|AUD||1 AUD||Australian Dollar||0.7743||0.7493|
|CAD||1 USD||Canadian Dollar||1.2447||1.2697|
|CNH||1 USD||Chinese Yuan Offshore||6.4404||6.6404|
|DKK||1 USD||Danish Kroner||6.2044||6.4044|
|HKD||1 USD||Hong Kong Dollar||7.6987||7.8387|
|INR||1 USD||Indian Rupees||70.8150||N.A|
|IDR||1 USD||Indonesian Rupiah||14010.0000||N.A|
|JPY||1 USD||Japanese Yen||108.2000||110.7000|
|MXN||1 USD||Mexican Peso||20.1001||N.A|
|NZD||1 NZD||New Zealand Dollar||0.7105||0.6855|
|NOK||1 USD||Norwegian Kroner||8.4935||8.6935|
|PHP||1 USD||Philippine Peso||47.2750||N.A|
|RUB||1 USD||Russian Ruble||73.9545||79.2545|
|SAR||1 USD||Saudi Riyal||3.6539||N.A|
|LKR||1 USD||Sri Lanka Rupees||196.0000||N.A|
|GBP||1 GBP||Sterling Pound||1.3919||1.3589|
|SEK||1 USD||Swedish Kroner||8.5344||8.7344|
|CHF||1 USD||Swiss Franc||0.9277||0.9527|
|THB||1 USD||Thai Bahts||30.0600||32.0600|
|TRY||1 USD||Turkish Lira||7.7409||N.A|
|AED||1 USD||UAE Dirham||3.5745||3.7675|
Sending money with OCBC Bank: What to know
What we like
- No cable and commission fees. Enjoy fee-free overseas fund transfer conducted through OCBC digital banking.
- High limits. The maximum overseas transfer limit is S$100,000 per day. If you’re a premier account holder, you can send up to S$200,000 daily.
- Global savings account. If you are a frequent traveller and are in constant need of different foreign currencies, the OCBC Global Savings account allows you to transact in eight major currencies with one account.
What to watch out for
- Uncompetitive exchange rates. OCBC Bank’s fees generally aren’t as competitive as those offered by dedicated money transfer services.
Compare OCBC exchange rate to online money transfer services
When you’re looking to make a foreign exchange transaction, it is advisable to compare OCBC’s FX rates to that of a specialist money transfer company. These companies typically offer more competitive exchange rates, and also charge lower fees than the banks (or no fees at all).
The table below shows a list of money transfer service providers and gives an indication of their exchange rates and fees.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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