Planning a trip to Singapore? Understanding the exchange rate between the Indian Rupee (INR) and the Singapore Dollar (SGD) is crucial for budgeting and making informed financial decisions. As of January 21, 2026, 1 SGD is equivalent to approximately 71.2294 INR. However, exchange rates fluctuate constantly due to various economic factors, including currency demand and supply, trade relations, inflation, interest rates, and economic stability.

Factors to Consider for Currency Exchange:

• Exchange Rate Fluctuations: Keep in mind that the SGD to INR exchange rate is dynamic and changes daily. It's wise to monitor the rates for some time before your trip to identify favorable conversion opportunities.
• Where to Exchange: You have several options for converting your currency, including local banks, airport exchange counters, and online forex platforms. Online platforms often provide better exchange rates compared to traditional methods.
• Fees and Commissions: Be aware of the fees and commissions charged by different exchange services. Banks and offline money changers typically have higher charges than online platforms. Look for platforms that offer live rates close to interbank rates.
• Cash vs. Card: While it's good to have some Singapore Dollars in cash, major credit cards are widely accepted in Singapore at restaurants, hotels, and shopping centers. Using a credit or debit card can offer competitive exchange rates, but check for any foreign transaction fees your bank may impose.
• Budgeting for Your Trip:

Singapore on a Budget (2026): * Average Daily Cost: For a mid-range traveler, the average daily expense in Singapore is around $150 USD, covering accommodation, meals, and transportation. * Flights: Return flights from the United Kingdom range from £450 to £800. Booking three to six months in advance can potentially save you money. * Accommodation: Accommodation costs generally take up the largest portion of your daily travel budget. Hostels are the most budget-friendly option. Capsule hotels also provide affordable and private alternatives. * Food: Hawker centers offer affordable and delicious meals. You can find Michelin-starred meals for just a few dollars at these food courts. * Transportation: Singapore has an efficient and affordable public transportation system. An EZ-Link card can save you up to 30% on train fares.

Tips for Saving Money in Singapore:

• Eat like a Local: Dine at hawker centers for inexpensive and authentic Singaporean cuisine.
• Use Public Transport: Utilize Singapore's extensive MRT and bus network to get around.
• Free Activities: Explore the city's many free attractions, such as the Botanic Gardens, Gardens by the Bay (some sections), and various cultural enclaves.
• Negotiate Wisely: Bargain politely when shopping in places like Bugis Street or Chinatown.

By keeping a close eye on exchange rates and implementing these budgeting tips, you can make your Singapore trip more affordable and enjoyable.