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Best SGD to HKD Exchange Rate


There are two main numbers that you need to understand if you are to have any chance of getting the best possible SGD to HKD rate, these are the foreign exchange market rate and the transaction margin you will be charged by your bank or foreign exchange provider.


1 Singapore Dollar equals
Hong Kong Dollar 1=


Right now the SGD to HKD rate is but will most likely be quite different by the time you make you currency exchange. You can calculate with the current mid-rate using our SGD to HKD calculator below.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same SGD/HKD market rate I see on Google or in the Media?

When you look up the current Singapore Dollar to Hong Kong Dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is is commonly referred to as the mid-market rate.

SGD to HKD mid-rate on google

SGD to HKD mid-rate on google search

Getting a great mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This mid-market rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is!

You can use the below SGD to HKD converter to calculate currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Singapore Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

SGD to HKD calculator

$
$
1 SGD equals
HKD 1SGD=HKD

Loading SGD/HKD Chart

Singapore Dollar - Recent Performance

The Singapore dollar has done little in recent months. More than halfway through October, USD/SGD and EUR/SGD stood at 1.357 and 1.603, matching their levels in late July.

Against the US dollar, SGD bulls are hopeful for another attack on 1.3350 – the major support level in USD/SGD. Previous attempts on the level failed in April, June and August of 2016, and again in September this year.

In EUR/SGD, a rate of 1.6 continues to be a magnet for price. With the exception of a single-day probe above 1.63 in late August, which at the time marked a two-year low in SGD buying power, EUR/SGD has spent all of its time in recent months between 1.593 and 1.62.

Economic data coming from Singapore continues to present mixed signals. In October, Singapore’s Ministry of Trade and Industry released preliminary data showing the economy growing at 4.6% – the country’s highest rate of annual growth since 2014. Offsetting that was September’s plunge in exports. A monthly decline of 11% took annual export growth into negative territory (-1.1%), compared with annualized growth one month earlier of 16.7%. Among eight Asian countries releasing trade data in October, only Singapore posted weak export numbers.

Analysts at Singapore’s largest bank, DBS, said in August that SGD was “too strong” against USD and suggested that further SGD appreciation would be hard to come by.

Hong Kong Dollar - Recent Performance

The Hong Kong dollar fell in early August to a nineteen-month low of 7.828 against the US dollar but recovered slightly by mid-September to 7.813. At the time of this report, Hong Kong’s currency had fallen in every month of 2017 against USD and in all but one month against the euro. It remained Asia’s second worst performer of the year, ahead of only the Philippine peso.

By its own standards, HKD experienced a tumultuous time on September 7th and 8th, on which the currency made back three months’ worth of losses against the US dollar over an eighteen-hour period. It was stated afterwards by a Mizuho analyst that the move was driven by “a sizeable amount of capital being moved into HKD, which triggered stop-loss [orders].” Gains were short lived however, with the currency giving back two-thirds of those gains in the days that followed.

Rates paid on HKD have remained depressed in 2017 even as the HKMA has raised borrowing costs in step with the US Federal Reserve. The US-over-Hong Kong rate premium (around 55 basis points in August) is the principal reason for the Hong Kong dollar’s decline this year.

In September, Hong Kong’s Finance Secretary, Paul Chan, issued a warning on the country’s housing market for the second time since June.

“One has to be very careful if one really wants to buy a property in Hong Kong…I would not be surprised if there will be a certain adjustment in the market,” said Secretary Chan.

In June, Secretary Chan had described Hong Kong’s housing market as a potentially “dangerous situation.”

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