The real EUR/SGD rate
The interbank rate (mid-market), with no inflated margin hidden in the displayed rate.
Exchange your euros (EUR) into Singapore dollars (SGD) at the real interbank rate, in real time. Ideal to fund a project, pay a supplier or send money to Singapore, with a margin from 0.40% and no hidden fees.
The essentials to exchange your EUR into SGD with no nasty surprise on the rate or the fees.
The interbank rate (mid-market), with no inflated margin hidden in the displayed rate.
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Fund your account in euros and convert into Singapore dollars, automatically.
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, recognised by FINMA.
On an exchange of 5'000 EUR, the margin applied to the rate makes all the difference to the amount received in Singapore.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | From 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | 0 EUR* | Variable | — |
| Estimated cost on 5'000 EUR* | ~20 EUR | ~90 EUR | > 100 EUR |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for an exchange of 5'000 EUR. Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees. See the details on our Rates page.
Follow the pair's trend to choose the right moment for your exchange.
Indicative amounts, ibani margin included, updated continuously.
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Transfer your euros to your personal IBAN and provide the beneficiary account in Singapore.
ibani converts your EUR into SGD at the market rate and transfers the funds to Singapore, with no hidden fees.
The rate between the euro (EUR) and the Singapore dollar (SGD) links two economies that are very open to global trade. Its dynamics depend on the relationship between two monetary institutions that operate in radically different ways : the European Central Bank (ECB) and the Monetary Authority of Singapore (MAS).
Singapore's particularity : the MAS does not steer benchmark interest rates, but directly the exchange rate of the Singapore dollar, managed within a fluctuation band against a basket of currencies of its main trading partners (the so-called " S$NEER " regime). This management aims to control imported inflation in a country that imports most of what it consumes. The SGD is thus one of the most stable Asian currencies, often sought as a relatively safe haven in the region.
On the euro side, the rate reacts to ECB decisions on its benchmark rates, to the eurozone economic situation and to risk appetite in the markets. In practice, the EUR/SGD rate rises when the euro strengthens or when the MAS lets the Singapore dollar depreciate, and falls in the opposite case. For a transfer to Singapore (studies, real estate investment, supplier payment, family support), monitoring the real rate lets you choose the right moment.
On the same topic, discover how to repatriate funds to Singapore and prepare a move to Singapore.
Written by Brice Delhome.
The EUR/SGD rate reflects the monetary policy gap between the ECB (European Central Bank) and the MAS (Monetary Authority of Singapore). Unlike most central banks, the MAS does not steer interest rates but the trajectory of the Singapore dollar against a basket of currencies. The rate also depends on the strength of Asian trade and on risk appetite in the markets.
You open a free ibani account, you fund your Swiss IBAN in euros, then you convert your EUR into SGD at the real market rate. The funds are then transferred to the beneficiary account in Singapore, with no hidden fees and a transparent margin from 0.40%.
There is no universally ideal day. The Singapore dollar is a relatively stable currency, managed within a band by the MAS, but the EUR/SGD rate fluctuates according to ECB decisions and the economic climate in Asia. Monitor the interbank rate continuously and trigger your exchange at the moment that suits you.
ibani applies a transparent margin from 0.40% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
✓ Real interbank rate · ✓ Margin from 0.40% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).