DBS Bank exchange rates
Compare the exchange rates from DBS Bank before making your next international money transfer.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
If you're looking to send an international money transfer or receive an overseas payment, it's important to understand how the exchange rate can affect the amount of money that ends up with your recipient at the end of the day. Typically, Singapore's major banks like DBS, OCBC and UOB tend to offer similar foreign exchange rates to one another. So while it may seem convenient to go with your current bank, specialised money transfer services generally work out to be much cheaper.
Check out our guide below for the exchange rates offered by DBS Bank to see how they stack up against other money transfer services.
What are DBS Bank's exchange rates?
To find out what the exchange rate is to send AUD with DBS Bank, you'll need to either have an existing account with DBS or call and speak to one of its currency specialists.
In Australia, the banks generally add around 5% to 10% to the mid-market exchange rate, so you can expect to see something similar here. A lot of specialist money transfer services, by comparison, will only add a margin of 1% to 2%. Get some quotes below to see how DBS Bank compares to the other options and to the mid-market rate.
Sending money with DBS Bank: What to know
What we like
- Same day transfers at $0 fees. There are no transfer fees when you make online transfers to Australia, Canada, China, Eurozone countries, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines Thailand, UK and USA.
- Locked in FX rates. You can get your preferred rates through foreign exchange lock-ins and also set up auto FX transfers at your preferred rates for amounts above SGD$1,000.
What to watch out for
- Uncompetitive exchange rates. DBS Bank often adds a larger margin to the exchange rate compared to specialist money transfer services.
- High fees for transfers to other countries. Keep an eye out for both sending and receiving fees, especially for countries that do not qualify for $0 fee transfers.
How do DBS Bank's exchange rates compare?
DBS Bank's $0 transfer fee to popular countries may be an attractive feature, but it's always worth comparing exchange rates before you send money overseas to see if you can save. Often, a specialist money transfer company can offer you better exchange rates than your local bank, even if they charge a higher transfer fee.
Use the table below to see how much your transfer would cost with a range of different providers and calculate how much you could receive through them.
The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
More guides on Finder
RBA rate cut: Where can you get a good deal on your savings?
With the official cash rate cut to a historic low 0.10%, you'll need to shop around if you want to earn a good interest rate on your savings.
Reserve Bank of Australia testing Ethereum-based CBDC
What is atomic blockchain settlement and why is the RBA testing it?
Luno cryptocurrency exchange – review
Buy bitcoin and Ethereum with selected fiat currencies through Luno’s easy-to-use platform.
Finder Cash Rate Survey: RBA holds rate at 0.25%, November cut expected
Despite mounting speculation about the possibility of another cut, the Reserve Bank of Australia (RBA) has today announced that it will hold the cash rate at 0.25% in October. See what the experts had to say as part of the Finder RBA Cash Rate Survey.
How to compare cryptocurrency exchanges
SPONSORED: The best way to compare cryptocurrency exchanges is to know how to do it yourself.
The best camera phones for 2020, tested by our expert editors
We've gone snap-happy to sort and rank the very best phones for photographers, whether you're a seasoned pro or just somebody who wants the sharpest photos every time you hit the shutter button.
Find out more about how the CARDEALS2ME platform could benefit you, whether you're looking for a new car or are a dealership owner.
RBA survey: Banks to raise variable mortgage rates independent of the RBA, experts say
Results from the latest Finder RBA Cash Rate Survey show that just 57% of experts think now is a good time to buy property.
Cryptocurrency trends in 2020: From DeFi to COVID crisis
SPONSORED: What are the trends that look set to define cryptocurrency in 2020?
Revolut launches in Australia: How does it compare to rival neobanks and fintechs?
As Revolut announces it's open for business in Australia, we look at how it compares to the likes of Up bank, TransferWise and 86 400.
International Money Transfer OffersImportant Information*
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
SendFX guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
Ask an Expert