At Raffles Place this morning, money changers opened their shutters to the shuffle of office workers grabbing coffee and scanning rate boards. The numbers changed quickly, as they always do, but for anyone sending money overseas or planning a trip, they mattered. A single decimal shift can shave hundreds off a remittance or alter the price of an import order.
Today’s exchange rates in Singapore for Indian Rupee, US Dollar, Canadian Dollar, UAE Dirham, Euro, Pound, and Australian Dollar gave everyone something to talk about, from shopkeepers in Little India to bankers along Marina Bay.
Today’s Currency Market in Singapore
The Singapore dollar began the day steady against most currencies but edged slightly stronger by midday. Dealers pointed to oil prices, interest rate signals abroad, and Asian stock market jitters.
At Changi Airport, tourists stood in line with luggage trolleys, frowning at boards that showed less favorable airport rates compared to the city. In Serangoon, remittance counters were already crowded, as migrant workers hoped to lock in today’s numbers before they slipped away. The market mood was cautious, the kind where everyone checks rates twice before committing.
Singapore Dollar to Indian Rupee (SGD to INR)
The exchange stood at roughly 68.30 rupees for one dollar. Families wiring money home to Chennai or Delhi welcomed the rate, since it gave them slightly more spending power on the other end. Inside Little India, kiosks stayed busy as queues formed early.
Travel agents noted that ticket sales picked up too, because many combine remittances with visits home. The rupee rate might look like a simple figure on a board, but to workers splitting their income between two countries, it sets the pace for daily life.
Singapore Dollar to US Dollar (SGD to USD)
At about 0.776, the US dollar exchange shaped business conversations in Singapore’s finance district. Importers of electronics and machinery paid closer attention, since every notch higher added to shipment costs. Retailers said they would need to bump prices slightly, particularly for American gadgets and branded goods.
Exporters, however, smiled a little; converting US dollar payments back into Singapore dollars worked in their favor. The relationship between these two currencies stays at the center of most trade deals, so even minor changes ripple widely.
Singapore Dollar to Canadian Dollar (SGD to CAD)
The Canadian dollar traded near 1.07 per dollar. That number carried weight for parents wiring tuition to universities in Toronto and Vancouver. Education consultants reported a surge of calls, as households tried to time their payments.
For families juggling multiple fees abroad, even small differences matter. Students heading back after summer break lined up at banks, trying to stretch allowances further. Compared with last year’s rate, this level felt a bit kinder on wallets, though nobody assumed it would last.
Singapore Dollar to UAE Dirham (SGD to AED)
Around 2.85 dirhams per dollar, today’s rate drew steady traffic at remittance outlets catering to Gulf workers. Near Geylang Serai, shops handling transfers to Dubai and Sharjah saw longer queues. Contractors tied to oil and construction deals also kept one eye on the screens.
A shopkeeper mentioned that business always picks up when the dirham rate edges higher. It’s not just numbers on a board, it’s groceries, rent, and school fees for families thousands of kilometers away.
Singapore Dollar to Euro (SGD to EUR)
The euro held at about 0.667. European tourists felt the pinch while paying for taxis and meals, as the exchange made Singapore slightly more expensive than last year. Local wine distributors importing stock from France also reported higher invoices this week. Still, luxury retailers along Orchard Road kept their doors busy, suggesting high-end shoppers were less sensitive. The euro remains tied to wider debates in Europe, and those tremors echo quickly into Singapore’s forex scene.
Singapore Dollar to British Pound (SGD to GBP)
At 0.580, the pound’s level left parents of overseas students grumbling. Tuition bills in London and Manchester felt heavier at this rate. University payment agents confirmed a spike in transfers as families rushed to settle accounts before another swing.
Tour operators offering holiday packages to the UK admitted adjusting prices as well. The pound’s unpredictability frustrates many, and for anyone paying in sterling, it often feels like trying to catch water with bare hands.
Singapore Dollar to Australian Dollar (SGD to AUD)
The Australian dollar hovered near 1.19. Families planning school holidays in Sydney or Melbourne checked the numbers before locking in flights. Agencies selling study programs in Australia also noticed parents paying earlier than usual to take advantage of the current level. Commodity traders said iron ore and coal demand remained drivers for this pair, which means volatility comes quickly. The rate stayed favorable compared to last year, giving households a bit more breathing space on fees and travel.
How to Get the Best Exchange Rates in Singapore?
Exchanging money here is straightforward if one knows where to look. At Changi Airport, counters remain handy but pricier. In the city, Raffles Place money changers fight for customers, often displaying sharper rates.
Mustafa Centre in Little India remains a favorite for both tourists and locals, with its long queues proving its popularity. Online transfer platforms add another layer, but hidden fees often slip in, so careful checking is essential.
For bigger transfers, some households split the amount, converting in parts to smooth out market swings. Others prefer banks for security, though rates can lag behind. Tourists strolling Orchard Road often realize too late that different counters offer very different numbers, sometimes only steps apart. A quick check online before stepping inside saves regret. The truth is simple: patience and awareness often save more dollars than rushing into the first glowing board.
What Could Influence Rates Tomorrow?
The next 24 hours will likely be shaped by events abroad. US employment numbers could shift the dollar. Oil updates might tug the dirham and Canadian dollar. Europe’s ongoing struggles leave the euro fragile, and that uncertainty feeds into Singapore’s trading screens. For traders, tomorrow means watching charts.
For families sending money or students paying fees, it means another round of checking boards and deciding whether to act now or wait. The rhythm of Singapore’s currency market never really pauses, and every day writes a new chapter in digits and decimals.
