SGD to BDT Rate Today: Singapore Dollar vs Bangladeshi Taka
Anyone who has ever sent Singapore dollars to Bangladesh knows the frustration of watching the exchange rate shift before the transfer completes. The difference between the mid-market rate you see online and what you actually receive can be significant.
Mid-market rate (1 SGD to BDT): 95.0293 ·
Ria Money Transfer rate (1 SGD): 95.01148 ·
Wise rate (100 SGD): 9,497.12 BDT ·
Western Union typical rate (1 SGD): ~94.8 BDT ·
Xe.com rate (1 SGD): 95.0293
Quick snapshot
- Mid-market rate: 1 SGD = 95.0293 BDT (XE)
- Ria reference rate: 1 SGD = 95.01148 BDT (Ria Money Transfer)
- Wise rate: 1000 SGD = 94,971.20 BDT (Wise)
- World Bank corridor spread: ~3.90% between reference and charged rate (World Bank Remittance Prices Worldwide)
- Exact daily rates at Agrani, Islami, National, Prime Bank — they update daily and are not always published publicly (Western Union Singapore)
- Whether Western Union’s quoted rate of ~94.8 BDT already includes a fee margin (Western Union Singapore notes rates are estimates)
- Rates fluctuate intraday; no major scheduled event today. Past data: Singapore-to-Bangladesh remittances reached USD 423.3 million in FY2022-23 (Prothom Alo citing Bangladesh Bank)
- Cash remittance disruptions affected three Bangladeshi banks in 2024 (Prothom Alo)
- Rates will update when forex markets open. Check the mid-market rate before initiating a transfer
- Compare total cost (rate + fees) — not just the headline rate — across providers
The table below shows the key exchange rate data from various providers.
| Metric | Value |
|---|---|
| 1 SGD to BDT (mid-market) | 95.0293 |
| 1 SGD to BDT (Ria) | 95.01148 |
| 100 SGD to BDT (Wise) | 9,497.12 |
| 1000 SGD to BDT (Wise) | 94,971.20 |
| 1 SGD to BDT (Western Union approx) | 94.80 |
How much is 1 Singapore Dollar in Bangladeshi Taka today?
Current mid-market rate
- The mid-market rate is the benchmark. As of the latest data from XE (currency data provider), 1 SGD = 95.0293 BDT.
- Wise (money transfer service with live mid-market rates) labels its displayed figure as the mid-market exchange rate for SGD/BDT.
What this means: The mid-market rate is what you see on Google or XE — but no consumer transfer executes at this rate. Providers mark it up.
Rates from major money transfer services
- Ria Money Transfer lists a reference rate of 1 SGD = 95.01148 BDT and notes it uses the mid-market rate for reference only.
- Western Union Singapore shows 1 SGD = 95.6322 BDT, but stresses that exchange rates and fees are estimates.
- Wise reports a 30-day high of 96.2337 BDT and a 30-day low of 94.9710 BDT for SGD/BDT, with a 30-day average of 95.6442 BDT.
Wise’s rate is the mid-market, but it charges a separate fee (typically S$4–5) which is disclosed upfront. Western Union’s rate is higher than mid-market, but the fee may be lower. The total cost is what matters.
Rates from Bangladeshi banks
- Bangladeshi banks such as Agrani Bank, Islami Bank, National Bank, and Prime Bank set their own SGD rates each day. These rates are not always published online. Bangladesh Bank (central bank) maintains an official exchange rate data page, but the exact SGD/BDT rate for today is not directly listed.
- Based on available data from sources like ExchangeRates.org.uk (currency data aggregator), the inverse rate implies about 94.97 BDT per SGD.
The pattern: Bank rates typically include a markup of 1–3% above the mid-market, and they are updated once daily.
How do bank rates compare with money transfer services for SGD to BDT?
Comparison table of bank rates vs. transfer service rates
Four providers, one pattern: transfer services offer rates closer to mid-market while banks charge a larger spread.
| Provider | Rate (1 SGD) | Fee (SGD) | Total cost for 1000 SGD |
|---|---|---|---|
| Mid-market reference | 95.0293 | — | 95,029.30 BDT |
| Wise | 95.0293 (mid-market) | ~4.99 (bank transfer) | ~94,971.20 BDT (after fee) |
| Ria | 95.01148 | varies | ~95,011 BDT minus fee |
| Western Union | ~94.80 | varies by method | ~94,800 BDT minus fee |
| Bangladeshi banks (typical) | ~92–94 (estimated) | often zero or low | ~92,000–94,000 BDT |
Why this matters: The World Bank’s corridor analysis for Singapore to Bangladesh shows that the reference rate is 98.44 and the exchange rate charged is 94.60 — a 3.90% gap (World Bank Remittance Prices Worldwide). That gap is the hidden cost.
Hidden fees and markups
- Remitly (digital transfer service) charges a fee of $4.99 for SGD to Bangladesh transfers and promotes no hidden fees.
- Remitfinder (fee comparison platform) reports an average fee of SGD 4.89 for sending money from Singapore to Bangladesh, with a median of SGD 5.00. The lowest fee observed was SGD 0.00.
- XTransfer (business payment platform) offers a live SGD to BDT converter but does not disclose its fee structure publicly.
A provider with a low headline rate may charge a high fee, and vice versa. The only number that matters is the final BDT amount that lands in the recipient’s account.
Speed and convenience
- Western Union and Ria allow instant cash pickups in Bangladesh. Wise transfers typically take 1–2 business days to a bank account.
- Bank transfers via SWIFT can take 3–5 business days and often involve intermediary bank fees.
What is the current SGD to BDT rate from major Bangladeshi banks?
Agrani Bank today’s rate
Agrani Bank does not publicly list a live SGD rate on its website. Based on historical data from Bangladesh Bank (central bank data page) and third-party aggregators, the indicative rate is approximately 93–95 BDT per SGD, but this varies by branch and transaction size.
Islami Bank today’s rate
Islami Bank Bangladesh also does not provide a real-time SGD rate online. Industry estimates from Remitfinder (remittance comparison platform) suggest bank rates are typically 1–2% below the mid-market rate.
National Bank today’s rate
National Bank’s SGD rate is similarly unpublished. The World Bank corridor data indicates that the effective exchange rate charged by banks can be as low as 94.60 BDT (equivalent to a ~3.9% spread) (World Bank Remittance Prices Worldwide).
Prime Bank today’s rate
Prime Exchange Limited (Singapore-based exchange service) advertises SGD-BDT exchange services and claims the best rates with no hidden charges. However, no live rate is displayed without logging in.
The implication: Bangladeshi bank rates are opaque and often lag behind market movements. For accurate daily rates, you must visit a branch or call the bank.
How can I convert Singapore Dollars to Bangladeshi Taka?
Using online currency converters
- XE (currency converter platform) provides live mid-market rates updated in real time.
- Wise (multi-currency transfer provider) shows the same mid-market rate and its own fee structure.
- Forbes Advisor (financial news and comparison site) pegged the rate at 1 SGD = 94.868004 BDT on June 22, 2026.
Transferring money through Western Union, Ria, or Wise
- Western Union (global money transfer service) offers instant cash pickups across Bangladesh. Rate is typically ~94.8 BDT per SGD.
- Ria Money Transfer (digital and agent-based transfer service) offers a rate of 95.01148 BDT for online transfers.
- Wise (transparent fee platform) uses the mid-market rate and charges a fee that is disclosed before the transfer.
Converting at a bank in Singapore or Bangladesh
For comparison, check our guides on 3 Million Rupiah to SGD: Live Rate & Fee Comparison and Korean Won to SGD: Live Exchange Rate & Guide 2025.
- Banks in Singapore (e.g., DBS, OCBC) offer SGD to BDT conversion, but rates include a spread of 1–3%. You typically need an account.
- In Bangladesh, branches of Agrani, Islami, National, and Prime Bank handle foreign currency, but rates are set daily and may require a local account.
The catch: Bank conversions often include additional intermediary fees if the transfer crosses multiple banking systems.
What factors influence the SGD to BDT exchange rate?
Economic indicators in Singapore and Bangladesh
- Interest rates set by the Monetary Authority of Singapore and Bangladesh Bank affect currency demand. Higher rates attract foreign capital, strengthening the currency.
- Inflation differentials: Bangladesh has historically higher inflation than Singapore, which puts downward pressure on the BDT relative to the SGD.
Market demand for currencies
- Demand for SGD in Bangladesh comes largely from remittances. According to Prothom Alo (Bangladesh’s leading English-language daily), remittances from Singapore were USD 385.2 million in FY2021–22 and USD 423.3 million in FY2022–23.
- Trade flows: Bangladesh imports goods from Singapore, creating demand for SGD, while exports to Singapore are relatively small.
Central bank policies
- Bangladesh Bank intervenes in the foreign exchange market to stabilize the taka. This can cause short-term deviations from the mid-market rate.
- The Monetary Authority of Singapore manages the SGD against a basket of currencies, which indirectly affects the SGD/BDT cross rate.
Why this matters: Macroeconomic forces set the direction, but the rate you get on any given day is determined by the specific provider’s pricing strategy.
Clarity check
Confirmed facts
- Mid-market rate 1 SGD = 95.0293 BDT (XE)
- Ria rate: 1 SGD = 95.01148 BDT (Ria)
- Wise rate: 1000 SGD = 94,971.20 BDT (Wise)
- World Bank corridor spread: 3.90% (World Bank)
- Remittances from Singapore: USD 423.3 million in FY22-23 (Prothom Alo)
What’s unclear
- Exact daily bank rates at Agrani, Islami, National, Prime Bank
- Whether Western Union’s rate includes a fee component
- The precise impact of today’s market movements on bank pricing
- Whether the rates quoted by Bangladeshi banks include any additional service charges beyond the spread
- The exact time at which bank rates are updated daily is not publicly disclosed
The mid-market rate is the midpoint between buy and sell prices in global currency markets. It is the fairest benchmark, but no consumer transfer executes at that rate.
— XE (currency data provider)
Exchange rates and fees are estimates and will vary based on payment method, payout method, and other factors.
— Western Union Singapore (money transfer service)
Cash remittance from Singapore to Bangladesh faced disruption affecting three Bangladeshi banks.
— Prothom Alo (Bangladesh news outlet)
The pattern across all these sources: the rate you see is rarely the rate you get. For senders in Singapore, the choice is between transparency (Wise, Ria) and convenience (Western Union, bank tellers). The trade-off is cost vs. speed.
remitfinder.com, remitly.com, primexchange.com.sg, exchangerates.org.uk, en.wikipedia.org, forbes.com
For a detailed breakdown of the current Singapore 1 Dollar in Bangladesh rate, including comparisons across major banks and transfer services, this guide offers practical insights.
Frequently asked questions
Does Western Union give the mid-market rate for SGD to BDT?
No. Western Union’s rate is typically about 0.2–0.5% above the mid-market rate, as seen by their quoted ~94.8 BDT vs. the mid-market of 95.0293. They also charge a fee that varies by payment method.
How often does the SGD to BDT rate update?
The mid-market rate updates continuously during forex trading hours. Bank rates usually update once per day. Transfer services like Wise and Ria update their displayed rates every few minutes.
Can I lock in a rate for a future transfer?
Some services like Wise allow you to lock a rate for a few hours. Western Union offers a “quote valid until” time. Bangladeshi banks typically use the rate at the time of transaction.
What is the best time of day to convert SGD to BDT?
Rates are most liquid during the overlap of Asian forex markets (9am–5pm Singapore time). Avoid weekends when markets are closed and spreads are wider.
Are there any fees when converting SGD to BDT at a Bangladeshi bank?
Bangladeshi banks may charge a small service fee or commission, but the bigger cost is the spread on the exchange rate, which can be 1–3% above the mid-market rate.
How does the Islami Bank rate compare to Agrani Bank?
Both banks set rates independently. Without real-time published data, it is difficult to compare. Historically, the differences are small — less than 0.5%.
Is it cheaper to transfer via Wise or Western Union for SGD to BDT?
For larger amounts (above 1000 SGD), Wise is usually cheaper because it uses the mid-market rate. For smaller amounts with same-day pickup, Western Union may be competitive. Always compare the final BDT amount, not the headline rate.
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