1 CNY to SGD - Convert Chinese Yuan to Singapore Dollar

Looking at the 30-day window, the CNY/SGD pair traded in a range of 0.182300 to 0.194300. The monthly average was 0.188934 with 1.89% volatility. The relatively low volatility indicates stable trading conditions for the CNY/SGD currency pair.

The current mid-market exchange rate is 1 CNY = 0.188931 SGD, updated as of June 4, 2026, 2:23 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Chinese Yuan to Singapore Dollar Exchange Rate

CNY/SGD connects mainland China with its most important offshore financial hub outside Hong Kong. Singapore has positioned itself as the premier ASEAN center for yuan internationalization, with the largest offshore yuan clearing hub in Southeast Asia. GIC and Temasek hold substantial Chinese investments. Chinese tech companies increasingly list on SGX as a complement to Hong Kong and US listings.

ASEAN's Yuan Gateway

Singapore's role as China's financial gateway to ASEAN has deepened through yuan clearing arrangements, RCEP trade integration, and bilateral investment flows. ICBC Singapore handles yuan clearing for the region, processing billions in daily transactions. Chinese companies including Alibaba, Tencent, and ByteDance have established significant Singapore operations as their ASEAN headquarters, creating substantial CNY/SGD conversion as Chinese capital funds Singaporean operations. GIC holds major Chinese equity and bond positions. Temasek has invested billions in Chinese tech, fintech, and healthcare companies. When these sovereign funds adjust Chinese allocations, the CNY/SGD flows are measured in billions. Singapore also serves as a neutral listing venue for Chinese companies seeking international capital without US regulatory exposure. The SGX-STAR Market collaboration facilitates cross-listing between Singapore and Shanghai exchanges. For Chinese high-net-worth individuals, Singapore has become an alternative to Hong Kong for wealth management, with Chinese family offices establishing Singapore presence in growing numbers since 2020. Chinese students at NUS, NTU, and SMU convert yuan to SGD. Chinese tourists visit Singapore's Gardens by the Bay, Sentosa, and Marina Bay Sands. Each of these connections adds to the substantial institutional and corporate CNY/SGD flows that make this one of the most important currency corridors in Asian finance.

What Drives the CNY/SGD Rate

PBOC and MAS policy, Chinese economic data, sovereign fund investment patterns, yuan internationalization progress, RCEP trade volumes, Chinese tech company Singapore operations, and US-China relations (which affect capital flow direction) are the main drivers. MAS band adjustments in April and October can create SGD-specific moves.

What a Conversion Really Costs

Singapore money changers handle CNY at competitive rates within 0.3-0.8%. Chinese banks in Singapore (ICBC, BOC) offer near-midpoint rates. Banks charge 0.5-1.5%. Online services charge 0.3-1%. The corridor is well-served due to deep institutional connections. China's capital controls and $50,000 quota apply for individuals. For corporate treasury, institutional channels handle large conversions efficiently.

How to Get the Best CNY to SGD Rate

Singapore money changers at The Arcade or Chinese bank branches offer the best rates. Compare the mid-market rate on this page. Track MAS announcements in April and October. Capital control limits apply. The corridor's depth ensures competitive rates from multiple providers.