Singapore Dollar to CAD – Current Rate, Trends and Forecasts
The Singapore Dollar to Canadian Dollar exchange rate currently trades near 1.08, positioning the Southeast Asian currency at a premium against its commodity-linked counterpart. For individuals remitting funds between Singapore and Canada, or corporations managing cross-border settlements, precise awareness of this valuation and its recent trajectory informs optimal transaction timing.
This currency pair contrasts one of Asia’s most stable managed exchange rate regimes against a North American dollar sensitive to global energy markets. Recent market data indicates the SGD commands approximately 1.07 to 1.08 CAD per unit, with intraday oscillations creating narrow windows for advantageous conversions.
What is the Current SGD to CAD Exchange Rate?
- The Singapore Dollar currently purchases approximately 1.08 Canadian Dollars in wholesale markets.
- Over the past four weeks, the pair has gained 0.47%, indicating near-term SGD momentum.
- Annual appreciation stands at 2.77%, reflecting sustained strength over twelve months.
- Recent trading sessions have produced volatility between 1.0772 and 1.0846.
- Monthly data shows a 1.51% adjustment in the rate.
- Retail bank rates typically deviate 2-5% from these mid-market figures.
- Real-time valuations refresh continuously during global market hours.
| Metric | Value | Period |
|---|---|---|
| 1 SGD to CAD (mid-market) | 1.077 – 1.084 | Current |
| 1 CAD to SGD | 0.92 – 0.93 | Current |
| 24-Hour High | 1.0846 | February 6, 2026 |
| 24-Hour Low | 1.0772 | February 6, 2026 |
| 4-Week Performance | +0.47% | January 31 – February 6, 2026 |
| 12-Month Performance | +2.77% | February 2025 – 2026 |
| Monthly Momentum | +1.51% | Recent data |
| Projected Q2 2026 | 1.07845 | Trading Economics forecast |
| One-Year Outlook | 1.06936 | Analyst consensus |
| Data Source | Wise, Revolut | |
SGD to CAD Historical Chart and Rates
Six-Month Trend Analysis
Historical data reveals moderate appreciation throughout late 2025 and early 2026. On February 6, 2026, the rate settled at 1.074674, while January 31 recorded 1.07583. December 31, 2025, marked a relative trough at 1.067991, contrasting with November 30’s 1.0795 and October 31’s 1.080203 peak. September 30, 2025, closed at 1.076811, establishing the third-quarter baseline.
Forecast Trajectory
Macroeconomic modeling suggests the pair may reach 1.07845 by the end of June 2026, followed by a potential moderation to 1.06936 within twelve months. These projections derive from global macro models incorporating analyst expectations regarding central bank policy divergence and commodity price trajectories.
OFX maintains comprehensive records spanning two decades, enabling granular comparison of daily, monthly, and yearly averages. Their database provides specific rate lookups for any business date since 2003.
Is 1 SGD Worth More Than 1 CAD?
Direct Value Comparison
Yes. Each Singapore Dollar currently exchanges for approximately 1.07 to 1.08 Canadian Dollars, meaning the SGD holds superior purchasing power in this pairing. Conversely, one Canadian Dollar converts to roughly 0.92 Singapore Dollars.
Underlying Economic Dynamics
The Canadian Dollar exhibits relative weakness against the Singapore Dollar, reflecting divergent economic structures. Singapore’s position as a regional financial hub with managed currency stability contrasts Canada’s commodity-dependent economy, where oil export volatility generates CAD fluctuations.
When the SGD/CAD rate exceeds 1.00, the Singapore Dollar commands premium value. Should the ratio drop below 1.00, the Canadian Dollar would assume relative strength.
How to Get the Best SGD to CAD Exchange Rate?
Mid-Market vs. Retail Rates
The mid-market rate represents the midpoint between buy and sell prices in global interbank markets. Consumer-facing institutions apply spreads—markups ranging from 2-5%—that reduce the effective rate received. For a 1,000 SGD conversion, this differential could cost 20-50 CAD compared to wholesale pricing.
Digital Provider Comparison
Multiple platforms offer transparent, real-time conversion tools. Wise provides interactive five-year charts alongside mid-market rates. XE delivers live charting with rate alert capabilities. MTFX maintains historical tracking tools for businesses.
Traditional banking institutions typically embed 2-5% margins above mid-market rates. For substantial transfers, these opaque costs significantly exceed fees charged by transparent digital platforms.
Exchange rates fluctuate continuously during trading hours. Monitoring mid-week sessions often captures lower volatility compared to Monday openings or Friday closes, though no universal “best day” exists.
SGD to CAD Rate Timeline: Recent Milestones
- : 1.074674 — Recent benchmark
- : 1.07583 — Monthly high point
- : 1.067991 — Year-end consolidation
- : 1.0795 — Late autumn strength
- : 1.080203 — Six-month peak
- : 1.076811 — Third quarter close
What is Certain vs. Uncertain About Future Rates?
Established Data
- Current mid-market range between 1.07 and 1.08 CAD per SGD
- Verified historical closes from September 2025 through February 2026
- 12-month appreciation trend of 2.77%
- Inverse conversion rate of approximately 0.92 SGD per CAD
- Confirmed 0.47% gain over the past four weeks
Uncertain Projections
- Precise daily closing rates beyond current trading sessions
- Specific timing of Bank of Canada policy shifts
- Future oil price shocks impacting CAD valuation
- Monetary Authority of Singapore intervention timing
- Long-term forecast accuracy beyond six months
What Economic Forces Drive the SGD to CAD Rate?
The exchange rate primarily responds to policy divergence between the Monetary Authority of Singapore (MAS) and the Bank of Canada (BOC). Interest rate differentials create carry trade opportunities, influencing capital flows between the jurisdictions. 5 Year Canada Bond Yield movements often presage BOC policy adjustments.
Commodity prices exert asymmetric influence. Canada’s economy depends heavily on oil exports, rendering the CAD vulnerable to energy market volatility. Singapore’s trade-oriented, diversified economy insulates the SGD from single-commodity shocks, contributing to relative stability. GDP growth, inflation prints, and employment figures in both nations further shape relative valuations. Trading Economics aggregates these macro variables into forecast models.
Data Sources and Institutional Authority
Exchange rate data derives from wholesale interbank markets, with mid-market rates representing the median between bid and ask prices at any given moment.
Market Data Methodology
Rate verification relies upon transactional data from USD to CAD Exchange Rate Today monitoring systems, cross-referenced with MAS and BOC policy announcements. Historical archives from OFX, real-time feeds from Wise and Revolut, and macroeconomic forecasts from Trading Economics constitute the evidentiary foundation.
SGD to CAD Exchange: Essential Summary
The Singapore Dollar currently trades at approximately 1.08 Canadian Dollars, reflecting 2.77% annual appreciation driven by monetary policy divergence and commodity market dynamics. For optimal conversions, comparing mid-market rates across digital providers minimizes the 2-5% spreads typical of traditional banking channels. While short-term forecasts suggest stability near 1.078 through mid-2026, energy market volatility and central bank decisions introduce inherent uncertainty beyond six-month horizons.
Frequently Asked Questions
How much is 1000 SGD in CAD?
At current mid-market rates near 1.078, 1000 SGD converts to approximately 1078 CAD, though retail banks may offer 1050-1070 after spreads.
What causes daily fluctuations in the SGD/CAD rate?
Intraday movements reflect oil price changes, MAS or BOC policy announcements, and Asian or North American market session flows.
Is the SGD expected to remain stronger than the CAD?
Forecasts suggest the SGD maintains parity above 1.00 through Q2 2026, though projections carry uncertainty based on commodity and policy variables.
Why do bank rates differ from online converters?
Banks incorporate profit margins of 2-5% above the mid-market rate, while digital platforms like Wise or XE charge transparent fees near interbank levels.
How does the 5 Year Canada Bond Yield affect this pair?
Rising yields typically strengthen the CAD by attracting capital flows, while declining yields may weaken it against the SGD.
Where can I compare the USD to CAD rate?
For comparative North American currency context, see the USD to CAD Exchange Rate Today.
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