Convert Singapore Dollar to Korean Won
Convert Singapore dollars (SGD) to Korean won (KRW) at the live mid-market rate from the Korea Eximbank base exchange rate, and see how it compares with what banks, cards, and money changers actually charge as you budget a trip to Singapore.
🔒 Unit conversions are computed in your browser (exchange rates via public API only).
Why the Singapore dollar stays so steady
Singapore runs monetary policy in an unusual way. Instead of raising and cutting an interest rate like most central banks, the Monetary Authority of Singapore (MAS) manages the Singapore dollar's exchange rate against a trade-weighted basket of its main trading partners' currencies (the S$NEER), keeping it inside an undisclosed policy band. That approach suits a trade-driven city-state, and it means the SGD tends to avoid sharp swings and sits among the sturdier Asian currencies — one Singapore dollar has generally held within roughly a 1,000–1,150 won range in recent years. For travellers and business visitors, that makes budgeting a Singapore trip relatively predictable.
Reading the number and sizing a travel budget
The rate is quoted per 1 SGD, so '1,150' means one Singapore dollar is worth about 1,150 won — and unlike the Japanese yen, there's no need to divide by 100, you just multiply. Say the rate is 1 SGD ≈ 1,150 won: a S$8 plate of chicken rice at a hawker centre works out to 8 × 1,150 = 9,200 won, and a S$300 hotel night is 300 × 1,150 = 345,000 won. Going the other way, a 1,000,000-won travel budget converts to 1,000,000 ÷ 1,150 ≈ S$870. When the number climbs, each won buys fewer Singapore dollars — a sign your trip is getting pricier.
Live mid-market vs. what you actually pay
This tool pulls the latest base exchange rate (the mid-market rate) that the Korea Eximbank publishes. A mid-market rate is the exact midpoint between the buy and sell price, so it strips out the spread and fees and always looks friendlier than a real exchange or card charge. In Singapore, downtown money changers — around Mustafa Centre or the Raffles Place arcades — usually beat the banks and the Changi Airport counters, while airport and hotel desks carry the widest spread. Expect to pay a little more won per Singapore dollar when buying, and to receive a little less when selling leftover SGD back — treat the figure here as a baseline, not the final price.
Frequently asked questions
Is the rate shown here the same one I'll get when I exchange money?
No. This is the mid-market rate, with no spread or fee built in. Banks, money changers, and card networks add their own margin, so you'll pay a bit more when buying Singapore dollars. Changi Airport and hotel counters carry an especially wide spread and often trail the downtown money changers, so use this figure only as a rough reference point.
When a Singapore card terminal asks if I want to pay in Korean won, what should I choose?
Always pick the local currency, Singapore dollars (SGD). Choosing to be billed in won triggers dynamic currency conversion (DCC), where the merchant's side sets a poor exchange rate and tacks on roughly 3–8% — usually a worse deal. Paying in SGD lets Visa or Mastercard convert at their own near-mid-market rate, adding only about a 1% network fee plus your card issuer's foreign-transaction fee.
How often does the rate update?
The rate uses the base exchange rate that the Korea Eximbank publishes once per business day, around 11:00 KST. So on weekends and holidays the last business-day value stays in place, with the reference date shown on screen. If you need second-by-second trading quotes, you'd need a dedicated market-data feed instead.