Outside a money changer in Serangoon, a man stands quietly, squinting at the LED board. It flashes numbers. He pulls out his phone. It’s the middle of the month, and he’s trying to decide if today is the day to send money to his parents.
Exchange rates in Singapore aren’t just numbers on charts. For many, they shape decisions that can’t wait. A few decimal points affect rent, groceries, and school fees back home. On October 16, 2025, the Singapore Dollar shows movement across the board, especially when considering movements on 15 October 2025 in Singapore.
Here’s what today’s rates say.
Today’s Exchange Rates for Singapore Dollar (SGD): Major Currencies
| Currency | Code | Rate (per 1 SGD) |
| US Dollar | USD | 0.7788 |
| Euro | EUR | 0.6639 |
| Indian Rupee | INR | 67.78 |
| Pakistani Rupee | PKR | 218.5 |
| Russian Ruble | RUB | 60.78 |
| Bangladeshi Taka | BDT | 94 |
USD – US Dollar to SGD
Today, the Singapore Dollar gets you 0.7788 USD. That’s lower than last week. Some are holding off large purchases. Others, especially importers dealing in US goods, might feel a bit of a pinch this week. Not terrible. Just tight.
EUR – Euro to SGD
The Euro stands at 0.6639. Not much excitement. Some minor shifts after weak trade data in Europe. Businesses here with clients in Germany or France may want to double-check contract conversions today. It’s quiet, but that could change fast.
INR – Indian Rupee to SGD
One SGD equals 67.78 INR. It’s been hovering near this range all week. With Deepavali nearing, remittance centers in Little India are expected to stay busy. Many will send now, hoping the rupee holds. Long lines are likely by Friday.
PKR – Pakistani Rupee to SGD
At 218.50, the Pakistani Rupee still struggles to gain any ground. People who’ve waited for a better rate are giving up and sending anyway. There’s only so long families back home can wait. Bills don’t pause for currency swings.
RUB – Russian Ruble to SGD
The Ruble trades at 60.78. It’s mostly influenced by oil and trade restrictions. Not many retail senders here in Singapore track this closely, but freight forwarders and those handling frozen goods out of Russia might be watching. Not much room to gamble.
BDT – Bangladeshi Taka to SGD
94.00 BDT for every Singapore Dollar. This rate has stayed fairly steady, though some expect slight changes before month-end. On Sundays, queues outside remittance shops near Aljunied and Paya Lebar grow longer. This weekend should be no different.
How Currency Exchange Rates Are Determined
Most days, rates move without warning. Traders react. Banks adjust. People refresh apps and wait.
Here’s what affects the numbers:
- Interest rates. When a country offers higher returns, money flows in, lifting its currency.
- Inflation. If prices rise too quickly, a currency loses strength.
- Political updates. One news flash can shift rates for days.
- Trade balance. A country that exports more than it imports usually has a stronger currency.
- Central bank actions. Announcements can push a rate up or down before anyone says a word.
- Global events. Conflicts, elections, floods, oil disruptions — they all show up in currency boards.
- Speculation. Sometimes rates rise just because everyone thinks they will.
Money changers set their own rates using market signals, demand, and safety margins. The numbers shown online often differ from what you see at the counter.
Expert Tips for Travelers and Forex Users
Avoid airport counters unless there’s no other choice. Weekends bring tighter spreads. Midweek usually offers better deals.
Compare a few shops before settling. If the amount’s large, even a 0.20 difference adds up. And yes, always check hidden charges.
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