DBS Bank exchange rates

Compare the exchange rates from DBS Bank before making your next international money transfer.

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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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 1.99 0.766 USD
7,662
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.769 USD
7,687
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.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.769 USD
7,687
SendFX guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.769 USD
7,687
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.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.769 USD
7,687
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 1 1 day AUD 52.00 0.768 USD
7,640
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 0.763 USD
7,631
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 1 Same day AUD 0.00 0.768 USD
7,679
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.771 USD
7,673
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.764 USD
7,639
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.763 USD
7,622
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.772 USD
7,683
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details

Compare up to 4 providers


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

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

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.

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