Currency Exchange Rate Singapore Dollar To Indian Rupee
Are you planning to travel to India from Singapore or vice versa? If yes, then you might want to know about the currency exchange rate between Singapore Dollar (SGD) and Indian Rupee (INR). In this article, we will discuss everything about the currency exchange rate between SGD and INR.
What is the current exchange rate between SGD and INR?
As of August 2021, the current exchange rate between SGD and INR is 55.04 INR for 1 SGD. It means that if you exchange 1 SGD, you will get 55.04 INR in return. However, the exchange rate can vary depending on the market conditions and the currency exchange service provider you choose.
Where can you exchange SGD to INR in Singapore?
There are many currency exchange service providers in Singapore where you can exchange SGD to INR. Some of the popular ones are Money Changer, Mustafa Foreign Exchange, and Raffles Money Change. You can choose the one that offers the best exchange rate and convenient location for you.
Where can you exchange INR to SGD in India?
Similarly, there are many currency exchange service providers in India where you can exchange INR to SGD. Some of the popular ones are Thomas Cook, Cox and Kings, and BookMyForex. You can choose the one that offers the best exchange rate and convenient location for you.
What factors affect the exchange rate between SGD and INR?
The exchange rate between SGD and INR is affected by various factors such as:
- The economic performance of Singapore and India
- The political stability of the two countries
- The inflation rate in both countries
- The demand and supply of the two currencies in the market
These factors can cause the exchange rate to fluctuate frequently.
Is it better to exchange currency in Singapore or India?
It depends on your preference and convenience. If you are traveling from Singapore to India, it might be better to exchange SGD to INR in Singapore before you leave. This will ensure that you have enough cash in hand when you arrive in India. Similarly, if you are traveling from India to Singapore, it might be better to exchange INR to SGD in India before you leave.
However, if you need to exchange currency during your trip, you can do it at the airport or any currency exchange service provider in the country you are visiting. Just make sure to compare the exchange rates and fees before you exchange.
Conclusion
Knowing the currency exchange rate between SGD and INR is important if you are traveling between Singapore and India. You can exchange currency at various service providers in both countries, but make sure to compare the exchange rates and fees before you exchange. Also, keep in mind the factors that affect the exchange rate between the two currencies.