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  • Writer's pictureMohamed Washeem

Do rates differ from day to day ?

Short answer: YES! They do! some currencies fluctuate more than others. In fact rates fluctuate within the day itself too.

Although counter rates differ from interbank rates (Multiple factors affect counter rates including but not limited to interbank rates),

they do fluctuate in a similar fashion.

Do call us to find out the most up to date counter rates


Medium answer: Lets see how much more S$ you will need to buy 1,000 Euros compared to the cheapest day in Sep 2021.


30th September 2021 was the cheapest day to buy Euros according to https://eservices.mas.gov.sg/Statistics/msb/ExchangeRates.aspx interbank rates.


You would have spent S$8 more on 1st September compared to 30th September,

S$13 more between the 2nd and 30th September.

Between 1st and 2nd September on its own you would see a S$5 difference.


Note: Rates above are for illustration purposes to explain day to day fluctuations in conversion rates. Data was obtained from https://eservices.mas.gov.sg/Statistics/msb/ExchangeRates.aspx

Disclaimer from page : These rates are the average of buying and selling interbank rates quoted around midday in Singapore. All rates are obtained, with permission, from Refinitiv and disseminated to the public for information and could differ from those quoted by foreign exchange dealers. The rates are not attributable to MAS and MAS does not warrant and hereby disclaims any warranty as to the accuracy, correctness, reliability, currentness, timeliness or fitness for any particular purpose of the rates.

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