The mid-market rate, sometimes called the interbank rate, is the average of the bid (buy) and ask/offer (sell) rates on the global market. It’s the real exchange rate, without the margin that a lot of banks and money transfer services add on. It’s always a good idea to compare the mid-market rate against what your bank is offering to see if the deal is competitive or not. The calculator below indicates the live mid-market rate.1
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UOB exchange rates
Compare the latest UOB foreign currency exchange rates.
Finding a better exchange rate can make a huge difference when sending money overseas, so it’s important to compare the exchange rates offered by different providers. Major banks like UOB generally offer similar foreign exchange rates to one another.
Check out our guide below for the foreign exchange rates offered by UOB. Make sure you’re getting the most competitive exchange rate for your chosen currency by comparing UOB’s rates with other providers.
What are UOB’s exchange rates like?
Take a look at a sample of UOB’s foreign exchange rates in the table below, last updated 26 March 2021.
When looking at the table, the buy rate is the rate that UOB will buy a foreign currency from you. A sell rate is a rate that UOB will sell foreign currency to you. This is the exchange rate you’ll pay if you want to send your Singapore dollars overseas.
|Code||Foreign Currency||Unit||Selling TT/OD||Buying TT||Buying OD|
|NZD||NEW ZEALAND DOLLAR||1||0.9560||0.9250||0.9215|
|ZAR||SOUTH AFRICAN RAND||1||0.0921||0.0881||–|
|CNH||CHINESE RENMINBI (OFFSHORE)||100||20.8100||20.3500||–|
|HKD||HONG KONG DOLLAR||100||17.5350||17.1250||16.9950|
|LKR||SRI LANKA RUPEE||100||0.6916||–||–|
|TWD||NEW TAIWAN DOLLAR||100||4.7943||–||–|
|XAF||CFA FRANC BEAC||100||0.2508||–||–|
|XOF||CFA FRANC WEST||100||0.2457||–||–|
Sending money with UOB: What to know
What we like
- Coverage. UOB offers you a convenient way to access and transfer your funds worldwide in over 100 currencies.
- High security. Once you register for a personal Internet banking account, you’ll be provided with a SecurePlus token which adds an extra layer of security for all your transactions. UOB also has up-to-date encryption in place to ensure that your personal details are safe.
What to watch out for
- Not the best rates. Other money transfer services can beat UOB’s exchange rates.
- Fees apply. Different fees can apply in different circumstances, such as agent charges. Compared to dedicated international money transfer services, it can be more difficult to ensure that you’ve accounted for all possible fees.
How do UOB’s exchange rates compare?
UOB is a good option to transfer your money overseas, especially if you’re transferring exotic currencies that may not be readily available at some specialist money transfer companies. However, if you’re making a transfer in more commonly traded currencies, UOB may not be the most cost-effective choice as specialist money transfer service providers can usually offer better exchange rates and lower transfer fees.
Use the table below and compare your options with a range of different providers to see if you can save.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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