FOREIGN EXCHANGE (FX)

Attractive real-time exchange rates

The online foreign exchange function is only available between 8am on Monday and 11.59pm on Friday.

On weekends, you will see an estimated foreign exchange rate when you set up any foreign exchange transaction involving SGD or USD. If you decide to make the transaction, we will process it the next working day at the prevailing foreign exchange rates.

Foreign Currency Deposits

1. Foreign currency investments or deposits are subject to inherent exchange rate fluctuation that may provide opportunities and risks. Consequently, exchange rate fluctuations may affect the value of your foreign currency investments or deposits.
2. Earning on foreign currency investments or deposits may change depending on the exchange rates prevalent at the time of their maturity if you choose to convert.
3. Exchange controls may apply to certain foreign currencies from time to time.
4. Any pre-termination costs will be taken and deducted from your deposit directly and without notice.
5. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

General Disclaimers

This is for general information and does not take into account your particular investment aims, financial situation or needs. You should seek advice from a financial adviser before committing to a purchase. Otherwise, you should consider the suitability of the product.

We are not making an offer, solicit to buy or sell or subscribe for any security or financial instrument, enter into any transaction or participate in any trading or investment strategy with you through this document. Nothing in this document shall be deemed as an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into any transaction or to participate in any particular trading or investment strategy.

These calculations are approximate and are only indicative of the prevailing rates applicable.

The actual rates shown may vary from time to time without notice.

Whilst every endeavour is made to ensure that the information provided is correct, OCBC or its representatives disclaim any liability for any damage or loss that may be caused as a result of any error or omission.

OCBC Bank, its related companies, and their respective directors and/or employees (collectively “Related Persons”) may, or might have in the future, interests in the products or the issuers mentioned herein. Such interests include effecting transactions in such products, and providing broking, investment banking and other financial services to such issuers. OCBC Bank and its Related Persons may also be related to, and receive fees from, providers of such products.

Your foreign currency holdings on one account

If you do not have a Global Savings Account, you will be prompted to open an account instantly within the OCBC Digital App or Internet Banking. You can also do this at any OCBC branch.

*The earning of interest rate only applies to Australian Dollar (AUD), New Zealand Dollar (NZD), United States Dollar (USD) and Chinese Yuan Offshore (CNH). A minimum end balance of $5,000 in the respective currency is required daily to earn the interest rate. Find out more here on the breakdown of interest rates.

Get your preferred FX rates on the go

Rate Alerts and Auto-Execute Orders are only available on the OCBC Digital app.

Rate Alerts: Do note that there will be no currency exchanged. A Rate Alert will be valid for 30 days after creation. If the rate is not met, the Rate Alert will expire. You may renew it afterwards.

Auto-Execute Orders: If you wish to exchange currencies at a preferred rate, you can create an Auto-Execute Order for a predetermined amount to be exchanged automatically when your preferred rate is met.

Withdraw cash overseas

View the list of fees for withdrawing at ATMs overseas in this page.

Withdraw cash overseas

OCBC ATM network (Malaysia / Indonesia / Hong Kong)

• Service charge is waived.
• A foreign exchange admin fee of 3.25% applies for cash withdrawals from an SGD-denominated account, except for cash withdrawals in Hong Kong Dollars (HKD) from a Global Savings Account.

Other overseas ATMs

• No foreign exchange admin fees will be incurred for cash withdrawals in AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD and USD at any ATM in the country that the currency is denominated in, as long as there are sufficient funds in your Global Savings Account.
• If there are insufficient funds in the account, and the cash withdrawal is made from your SGD-denominated account instead, a foreign exchange admin fee of 3.25% will apply.
• An additional service charge, which may vary from bank to bank, may be imposed by the bank which operates the ATM.
• Chinese Yuan Offshore (CNH) is not available for purchase or cash withdrawal transactions.

View the list of fees for withdrawing at ATMs overseas in this page.

Generate higher returns for your money

Unit Trusts: Choose from more than 80 listed Unit Trusts denominated in foreign currency. The available foreign currencies include AUD, EUR, GBP, JPY and USD.

Time Deposits: Rates are only available from Mondays to Fridays, excluding public and currency holidays.

^{^}The minimum conversion amount of $1 applies to the stronger currency in the pair being converted.

For example:

• Converting SGD to USD requires at least US$1 worth of SGD because USD is stronger.
• Converting SGD to JPY requires at least S$1 worth of JPY because SGD is stronger.

24/7 FX for up to 10 major foreign currencies

You can buy and sell currencies 24/7 (including weekends and public holidays) via the OCBC Digital app. Follow our step-by-step guide here.

Investments are subject to investment risks, including the possible loss of the principal amount invested. This is for general information and does not take into account your particular investment and protection aims, financial situation or needs. You should seek advice from a financial adviser before committing to a purchase. Otherwise, you should consider the suitability of the investment. Protected up to specified limits by SDIC. GREAT Term Guard and Explorer Travel Insurance are underwritten by The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited respectively.

Exchange foreign currencies now

Scan the QR code to convert FX with your OCBC Digital app.