Singapore dollar to Indian rupee
For professionals and families in Singapore, travellers, and businesses trading through Asia’s financial hub.
A managed currency
Singapore runs monetary policy through its exchange rate rather than interest rates. The Monetary Authority of Singapore lets the Singapore dollar move within an undisclosed band against a basket of its trading partners’ currencies, adjusting the slope to control inflation. That tends to make it steadier than most Asian currencies.
Questions
Can I send money from Singapore to India with UPI?
Yes. Singapore’s PayNow and India’s UPI were linked in 2023, so customers of participating banks can send money between the two countries using a mobile number or UPI ID, usually within minutes.
Is this the rate I will get?
It is the mid-market rate. Banks and transfer services add a margin; compare the rupees delivered.