Are you looking for the most competitive Singapore Dollar to INR exchange rate? If you are a smart traveler, you must have carried extra foreign exchange for your
Singapore Tour. It is not only economical to carry extra forex and reconvert SGD to INR after the trip, but also eliminates the hassle of finding a reliable foreign exchange vendor in Singapore, in case you run out forex.
Do you have any leftover Singapore Dollars that you are looking to convert? Then Your at the right place. Thomas Cook has an answer for all your travel concerns. From converting Rupee to Singapore Dollar , finding the best flight and hotels deals, to reconverting SGD to INR, we have got you covered.
Want to know the current SGD to INR rate? Visit our website and use the online money converter assistant. This tool provides you with real-time SGD to INR exchange rate. It simplifies the complex math that is involved in the SGD to INR conversion. Whether you have foreign currency, traveler’s cheque, or forex cards, we facilitate the sale of all modes of foreign exchange.
Personally going the local forex vendor and negotiating for the best SGD Currency to INR exchange rate is not only tiring but also time-consuming. Plus, the authenticity and the Singapore Dollar to INR rate may not be the most competitive in the market. Here’s how you can get the best forex rate. At Thomas Cook, you can sell forex online at the most competitive exchange prices from the comfort of your home. We understand the value of rupee and thus help you convert GGD to INR at the most competitive forex rates. Log on to the Thomas Cook website, enter the required details and convert SGD to Rupees with just a few taps.
Importance of SGD (Singapore Dollar)
Singapore is one of the most advanced and developed nations across the globe. This advancement not only helps boost the country's economy but also makes the region's currency, i.e., Singapore Dollar stronger and more popular. In addition to this, Singapore enjoys quite a good reputation in trade and business which attracts investors from worldwide who showcase trust in the region's currency. Its manufacturing sector adds a plus point in making its economy and currency more stable and demanded. When it comes to global trading, Singapore Dollar stands in 12th position.
Introduction to the Singapore Dollar
SGD, or Singapore Dollar is the official currency of the Republic of Singapore. It is issued by the central bank of the region, called the Monetary Authority of Singapore, which is responsible for the complete financial system in the region. In 1967, the Singapore Dollar was first introduced after gaining independence in 1965. Before that, the country used the Straits Dollar and Malayan currencies.
The currency's exchange rate was first fixed to
British Pound till the 1970s and then was shifted to USD . However, after 1985, the currency's value is not pegged to any other currency, rather it keeps floating and the exchange rate is determined following economic factors and more. S$ is the symbol of the currency. The country has
currency notes in the denominations of S$2, S$5, S$10, S$20, S$25, S$50, S$100, S$1,000, and S$10,000 and coins have the denominations of one, five, 10, 20, and 50 cents and S$1 and S$5.
Factors that affect the exchange of the SGD to INR
The rate at which one currency is converted to another currency is known as the exchange rate. SGD-INR refers to the Singapore Dollar's conversion to Indian National Rupee. Since both currencies are free-floating and not pegged to each other or any other currency, the exchange rates vary. As of today, the exchange rate is INR 61.20/SGD.
There are various reasons that impact the exchange rate of SGD-INR. The shipping and trading industry of the country yields great economic benefits. Apart from this the international oil prices and the commodity prices in the global markets are also responsible for the exchange rate. The inflation rate of the countries and their economic advancements are also some of the factors involved.
Convert SGD to INR Online as per Today’s Conversion Rate
Converting currency is essential when people of one country, like Singapore, want to travel to another country like India. For monetary transactions as well, conversion as per the current exchange rate is mandatorily applicable. Let's understand this with an example:
Sunita, a 40-year-old lady, works as a multinational employee in a Singapore-based company. She is planning a trip to her hometown in India. So, as of today if she exchanges her currency and travels, today's exchange rate, i.e., INR 61.20 per SGD will be applicable. So, in return for S$10,000, she will receive INR 612,000.
Convert SGD to INR
Converting currency, in reality, is a matter of official tasks. However, in order to make informed decisions and execute your financial plans properly, you must calculate the amounts prior to actually converting the amount. For this, you may need a currency converter. It is an online calculator which is designed for the purpose of calculating currency conversion based on the current value. Enter the values and the tool will instantly calculate the amount for you. For SGD-INR, several calculations based on today's rate will be:
1 SGD = INR 61.20
100 SGD = INR 6,120
1,000 SGD = INR 61,200, and
INR 1 = 0.016 SGD
INR 1,000 = 16 SGD
INR 10,000 = 160 SGD.
How are SGD-INR Rates Determined?
SGD-INR exchange rates keep on fluctuating owing to the changes in the prices of global markets and the relations between both countries. The monetary authority of both countries are their central banks and they are responsible for maintaining the economic balance and the currency value in the international markets. The Monetary Authority of Singapore and the Reserve Bank of India are the central monetary authority of Singapore and India, respectively. The exchange rates are updated depending on the global and national economic changes of the countries.
SGD and INR Overview
The Singapore Dollar is one of the strongest currencies in the world. With its trade and tourism, the country has advanced a lot in the economic field. Technological advancements are further the reason for the valuable position of the country. On the other hand, India is also gaining massive global popularity in recent times and has also become a renowned Asian nation. Recently with the demonetisation of the INR, India took a drastic step against corruption and to uplift the value of the INR. If you are seeking to convert SGD-INR currency, you may try the currency converter for clarity in your decision.
Disclaimer: The figures are for illustrations only, as the currency rates are subject to change.
What’s made us one of the world’s leading travel and forex partners is our commitment towards enriching your travel experience with our bespoke solutions. Travelers worldwide trust us for all their forex requirements. Our transparent processes and seamless experience have helped us gain the trust of millions around the globe. Why let the value of your money deplete when you can simply convert SGD to INR at the most competitive prices, ensuring the value of your money remains intact.
Still have concerns regarding selling foreign exchange? Our forex experts are available to help you sell forex and get the best SGD to Rupee rate.
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