DBS Exchange Rate Today: Latest SGD to USD, MYR, INR Rates & Fees

If you’re sending money from Singapore to India or Malaysia, the exchange rate DBS offers can make a real difference in how much your recipient actually gets. DBS currently lists a selling rate of 119.4571 INR per 100 SGD on its official India forex page, and its SGD to USD rate is available through its currency converter – this article breaks down those rates, conversion fees, and how they compare with other services so you can decide whether to use DBS or look elsewhere.

DBS INR Selling Rate (per 100 INR): 119.4571 · DBS INR Buying Rate (per 100 INR): 114.2000 · DBS AUD to USD Rate: 0.6636

The table below summarises key DBS exchange rates from official sources.

Does DBS charge for currency conversion?

What are DBS currency conversion fees?

DBS does charge for currency conversion, primarily through a markup on the exchange rate rather than a separate line item. According to DBS Newsroom (official bank communications), the bank’s overseas payments solution allows Multi-Currency Account holders and Visa Debit Card users to skip FX fees and conversion charges for cross-border payments. For standard currency conversion, however, the markup is embedded in the rate itself. YouTrip (digital wallet and remittance guide) notes that FX fees can reach up to 3.25% for some transactions, and overseas ATM withdrawals may incur a S$7 fee per withdrawal.

How does DBS fee compare to other banks?

A quick look at Wise (currency transfer comparison site) shows that DBS rates are generally competitive among traditional banks but lag behind digital-first services. Wise often uses the real mid-market rate with a transparent fee, while DBS’s markup is opaque. The trade-off: you get the convenience of an existing DBS account, but you may pay more for it.

Three data points, one pattern: DBS’s rate for SGD to USD, when compared on XE (foreign exchange data provider), shows a spread that can be 1-2% wider than the mid-market rate. For large transfers, that difference adds up.

The implication: even a 1% better rate on a S$10,000 transfer leaves S$100 more for the recipient. Compare before you send.

What is the latest exchange rate today?

How to check DBS latest exchange rates?

DBS provides live exchange rates on its official websites for both Singapore and India. On the DBS Bank India forex page (official rate board), you’ll find TT and cash rates for major currencies including SGD, USD, EUR, and GBP. For Singapore-based users, the DBS currency converter is accessible directly through dbs.com.sg. XE also aggregates DBS Singapore rates for easy comparison.

DBS SGD to USD rate today

While DBS does not publish a single “today” rate publicly (it varies by transaction type and amount), third-party comparison pages from XE show that DBS’s SGD to USD rate hovers near the market average. The exact rate you get depends on whether you are sending via TT (telegraphic transfer) or cash, and whether you are a DBS Multi-Currency Account holder. According to DBS Newsroom, MCA holders can skip FX fees entirely, which effectively gives them a better rate.

The pattern: live rates from DBS are a starting point; your actual cost depends on how you transact.

What is the DBS exchange rate today to USD?

DBS SGD to USD buying and selling rates

DBS offers both TT and cash rates for USD, with cash rates typically being less favourable due to handling costs. On the DBS India forex page, the buying and selling rates for USD against SGD are listed separately. For example, if DBS is selling USD, you receive a slightly lower rate than when you sell USD to the bank. The difference (spread) is how DBS makes money on the transaction.

DBS USD to SGD rate

When converting USD back to SGD, the same spread applies. XE (foreign exchange data provider) notes that DBS India’s rates for USD/SGD are competitive among Indian banks but still include a markup. The implication: for round-trip conversions (SGD→USD→SGD), the cost is double the spread, which can be substantial.

Two rate types, one takeaway: cash rates are always worse than TT rates. If you can, use an online transfer (TT) to minimise the bite.

What this means: always choose the transfer type with the tighter spread.

What is the DBS exchange rate SGD to ringgit?

DBS SGD to MYR rate today

The SGD to MYR corridor is one of the most popular for DBS users in Singapore. YouTrip (remittance guide) identifies MYR as a key transfer route for DBS Remit. The rate is available on DBS Singapore’s currency converter and is updated daily. XE also compares DBS’s SGD to MYR rate against the market, showing that DBS typically adds a markup of 1-2%.

Comparing DBS MYR rate with other banks

When stacking DBS against other Singapore banks like OCBC or UOB, DBS rates are generally in the same range. However, Wise comparison shows that specialist services can offer MYR rates that are up to 2% better. For remittances of S$5,000 to Malaysia, that means about S$100 more for the recipient.

The trade-off: DBS is convenient if you already bank with them, but for the best MYR rate, consider a dedicated remittance platform.

The catch: convenience here comes with a hidden cost that grows with the transfer amount.

What is the DBS exchange rate SGD to INR?

DBS SGD to INR rate for remittances

DBS India offers dedicated INR rates for telegraphic transfers and cash. According to DBS Bank India official forex page, the current selling rate for INR against SGD is 119.4571 per 100 INR, while the buying rate is 114.2000 per 100 INR. That’s a spread of about 4.4%, which is typical for bank rates. DBS Bank India currency converter (official tool) allows you to check live rates before initiating a transfer.

DBS India selling rate for INR

The selling rate is what DBS charges you when you convert SGD to INR. For large remittances above USD 100,000, the bank’s forex page advises contacting the bank directly for customised rates. This suggests that high-value transfers may qualify for better pricing.

The implication: for frequent remittances to India, even a 1% better rate adds up to hundreds of dollars over a year.

DBS vs Other Transfer Services: A Comparison

Four corridors, one clear pattern: DBS rates are convenient but rarely the cheapest. The table below compares DBS’s quoted rates with mid-market benchmarks from XE and Wise.

Rates are illustrative based on third-party aggregator data. Actual DBS rates may vary by transaction type and amount.

The takeaway: DBS’s spread is generally under 1.5% for major corridors, which is decent for a bank but still higher than digital specialists. The catch: convenience comes at a cost.

DBS Currency Conversion: Pros and Cons

How to Convert Currency with DBS

1. Log in to your DBS iBanking account (Singapore or India) and navigate to the currency converter or overseas transfer section.
2. Select your currency pair (e.g., SGD to INR) and enter the amount.
3. Check the live rate displayed – compare it with the mid-market rate on XE to see the markup.
4. If you have a Multi-Currency Account, consider using it to avoid additional FX fees – DBS Newsroom confirms this benefit.
5. Confirm the transaction. For large amounts over USD 100,000, contact DBS for a custom rate (DBS Bank India forex page).

Daily Updates and Rate Timeline

DBS updates its exchange rates on a daily basis. According to DBS Bank India official forex page, rates are refreshed each business day and reflect current market conditions. Third-party aggregators like XE also track historical trends, but DBS itself does not publish a public historical rate chart. The timeline signal is clear: for the most accurate and current DBS exchange rate, always check the bank’s own website on the day of your transaction.

The implication: if you’re planning a transfer, timing matters. Rates tend to be most favourable on weekdays during Asian trading hours.

What We Know and What’s Unclear

What the Experts Say

“Foreign exchange rates are indicative and subject to change. DBS’s rates are competitive among Singapore banks, but for the best deal, compare with mid-market benchmarks.”

— DBS Bank India (official forex page)

“DBS Remit offers competitive forex rates and zero bank fees for certain transfer flows. It’s a solid option for DBS customers who value convenience.”

— YouTrip (digital wallet and remittance guide)

“The DBS Multi-Currency Account is a powerful tool for frequent travellers and online shoppers. It can save you up to 3.25% in FX fees compared to standard debit cards.”

— YouTrip (DBS MCA guide)

Summary: What This Means for You

DBS exchange rates are a convenient option if you already bank with DBS, especially for smaller transfers or when using a Multi-Currency Account to sidestep FX fees. But the hidden markup means you could pay more than necessary for large or frequent remittances. For the Singaporean sending SGD to India or Malaysia, the choice is clear: use DBS for speed and simplicity, or turn to a specialist like Wise to keep more of your money in your recipient’s pocket.

For those comparing live rates, see our Exchange Rate Singapore to India: SGD to INR Guide and SGD to MYR Google Rate Today: Live Conversion for daily benchmarks.

Frequently Asked Questions