1 SGD to EUR - Convert Singapore Dollar to Euro

Looking at the 30-day window, the SGD/EUR pair traded in a range of 0.647700 to 0.698700. The monthly average was 0.670727 with 2.24% volatility. This downward movement of 2.8% suggests significant momentum in the SGD/EUR exchange rate.

The current mid-market exchange rate is 1 SGD = 0.671558 EUR, updated as of June 4, 2026, 2:25 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.

Singapore Dollar to Euro Exchange Rate

SGD/EUR shows how many euros one Singapore dollar can buy. For Singapore's sovereign wealth funds (GIC and Temasek) managing massive European portfolios, European luxury brands using Singapore as their Asian hub, and the growing fintech corridor between Singapore and the EU, this rate determines the euro purchasing power of one of Asia's strongest currencies.

Asia's European Gateway

Singapore serves as the primary Asian headquarters for hundreds of European multinational companies. LVMH, Nestle, Shell, Unilever, HSBC, and Standard Chartered all run significant Asia-Pacific operations from Singapore. These companies earn Singapore dollar revenue locally while reporting to European parents in euros, creating constant SGD/EUR conversion flows. GIC, managing over $770 billion, holds substantial European equity and bond positions. Temasek's $380+ billion portfolio includes European tech, healthcare, and financial services investments. When these sovereign funds adjust European allocations, the SGD/EUR flows are measured in billions. The EU-Singapore FTA, in force since 2019, eliminated most tariffs and opened services markets, including financial services. European banks use Singapore as their gateway to Southeast Asian markets. Singapore's fintech sector increasingly targets European customers through MAS sandbox arrangements and partnership agreements. For European expats in Singapore (one of the largest Western communities in Asia), SGD/EUR determines how their Singapore salary translates to purchasing power when traveling home, maintaining European properties, or planning eventual return. Singapore's strong currency has generally appreciated against the euro over time, rewarding those who hold SGD.

What Drives the SGD/EUR Rate

MAS band policy, ECB decisions, sovereign fund portfolio adjustments, EU-Singapore FTA trade volumes, European multinational Asian operations, and underlying USD dynamics are the main drivers. MAS tightens or loosens by adjusting the SGD trading band, typically in April and October.

What a Conversion Really Costs

Banks charge 0.5-1.5%. Singapore money changers in The Arcade and Mustafa Centre offer 0.2-0.5% for euro cash. Online services charge 0.3-0.8%. SEPA-Singapore banking transfers process efficiently. For sovereign fund and corporate treasury, interbank rates with minimal spread apply on large volumes.

How to Get the Best SGD to EUR Rate

Singapore money changers at The Arcade offer the best cash rates. Compare the mid-market rate on this page. Track MAS policy announcements in April and October. For transfers, online services beat banks. Singapore's efficient financial infrastructure ensures competitive rates across all channels. The EU-Singapore FTA's progressive implementation continues opening new sectors for bilateral trade, which will increase SGD/EUR conversion volumes and attract more competitive providers to serve this growing corridor over time.