The real GBP/SGD rate
The interbank (mid-market) rate, with no inflated margin hidden in the displayed rate.
Change your pounds sterling (GBP) into Singapore dollars (SGD) at the real interbank rate, in real time. Ideal for funding a project, paying a supplier or sending money to Singapore, with a margin from 0.40% and no hidden fees.
The essentials to change your GBP into SGD with no nasty surprises on the rate or the fees.
The interbank (mid-market) rate, 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 pounds sterling and convert into Singapore dollars, automatically.
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, recognised by FINMA.
On a 5'000 GBP exchange, 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 GBP* | Variable | — |
| Estimated cost on 5'000 GBP* | ~20 GBP | ~90 GBP | > 100 GBP |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for a 5'000 GBP exchange. 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 pounds sterling to your personal IBAN and provide the beneficiary account in Singapore.
ibani converts your GBP into SGD at the market rate and transfers the funds to Singapore, with no hidden fees.
The rate between the pound sterling (GBP) and the Singapore dollar (SGD) connects two major international financial centres, London and Singapore. Its dynamics depend on two monetary institutions that operate in radically different ways : the Bank of England (BoE) and the Monetary Authority of Singapore (MAS).
On the British side, the pound sterling is one of the most traded currencies in the world. Its price reacts to Bank of England decisions on its policy rate (the « Bank Rate »), to inflation and to UK economic conditions. Historically more volatile, the GBP can experience sharp swings during political or budgetary episodes, as shown by the period that followed Brexit.
On the Singaporean side, the particularity is significant : the MAS does not steer policy 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 contain imported inflation in a country that imports most of what it consumes, which makes the SGD one of the most stable Asian currencies. In practice, the GBP/SGD rate rises when the pound strengthens and falls in the opposite case ; for a transfer to Singapore (studies, real estate, supplier payment, family support), monitoring the real rate helps 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 GBP/SGD rate depends on two very different monetary policies: the Bank of England (BoE), which sets its policy rates according to UK inflation and economic conditions, and the MAS (Monetary Authority of Singapore), which manages not interest rates but the trajectory of the Singapore dollar against a basket of currencies. The pair also reacts to risk appetite and the strength of Asian trade.
You open a free ibani account, fund your Swiss IBAN in pounds sterling, then convert your GBP 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, while the pound sterling is more volatile and sensitive to Bank of England decisions and UK economic news. 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).