When the sender sends the source currency (Recommended):
- Mid-market exchange rates are available for 12 preferred currencies - USD, EUR, GBP, AUD, CAD, CHF, CNH, JPY, HKD, NOK, NZD, SEK (see indicative rates here).
- Other 21 currencies are exchanged to SGD using our partner’s prevailing exchange rate (this is usually 0.2 - 0.5% higher than the Reuters rate - we would soon have a page to show you Live rates).
When the sender sends SGD to your account, the source bank does the conversion and no further conversion is needed at Aspire. However, we advise that funds are sent in source currencies (and not SGD) to avoid unnecessary fees.
Please see the question below to understand the fees.