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FX Rates Offered By Standard Chartered Singapore Tightens to 0.30%

I updated roughly 1 month ago on my blog that through Standard Chartered Banking LiveFX, the exchange spread we get for currency conversion seems to have improved.

The spread that we used to need to pay was about 0.80% difference between what they quote versus the spot foreign exchange rates (FX). with LiveFX, this sort of reduced to about 0.40%.

I was helping a reader verify some figures on my Standard Chartered Banking LiveFX and noticed that the rates seem lower than 0.40% now.

Sell and Buy are rates offered by Standard Chartered LiveFX. We compare them against OFX and X-Rates

I compared the rates versus the quotes from 2 other platforms.

They have come down closer to 0.30%.

This is good news for those who are investing/trading overseas stocks.

At this rate, it is possibly cheaper than some of the traditional brokers. But not as close to the spot rates that we could observe if we were to use Interactive Brokers.

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Steve

Wednesday 25th of November 2020

I am looking at SGD/USD now. It is 1.33752/1.34837 = 0.81%

So the spread is bad again!

Wil

Friday 10th of January 2020

I just tried the Fund Super Mart website and their selling of 1USD to SGD is 1.35 which is same is XE and better than Standard charted Live FX

Kyith

Friday 10th of January 2020

Hi Wil, I just checked the latest rate is in FSMOne is 0.22% difference.

assiak71

Friday 10th of January 2020

Fsmone no London Stock Exchange...

assiak71

Friday 10th of January 2020

Good. Good for those who wants to consolidate UK and SG holdings on 1 platform.

Same qn as before. If I deposit a local clearing USD cheque to a SC SGD account, will it be converted to SGD at the ~0.4% rate automatically?

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