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HKD to SGD - Compare Exchange Rates

Hong Kong Dollar to Singapore Dollar - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

Compare HKD/SGD Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for HKD/SGD International Money Transfers. Costs are calculated against the amount when HKD is converted to SGD at mid-rate.

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Foreign Transfer Providers
Ratings & Reviews
Receive SGD($)Exchange RateFee HKDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
8,585 SGD0.171700.69%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
OFX logo
8,460 SGD0.16920 for BER users (normally $60)2.14%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
DBS Bank logo
8,371.62 SGD0.1676503.16%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
8,280 SGD0.1658554.22%Online, Branch, Bank Transfers2-3 days
HSBC logo
8,256.77 SGD0.1654$804.49%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
8,213.03 SGD0.1643125%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:
Exchange Rate:0.1717 (0.69% from mid-rate)
SGD amount:8,585 SGD
Total Cost:0.69%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $60)
Exchange Rate:0.1692 (2.14% from mid-rate)
SGD amount:8,460 SGD
Total Cost:2.14%
Difference:
125 SGD less than using WorldFirst
Time:
Rate Fetched: Tue Apr 23 2019 00:16:30 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1676 (3.07% from mid-rate)
SGD amount:8,371.62 SGD
Total Cost:3.16%
Difference:
213 SGD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1662 (3.88% from mid-rate)
SGD amount:8,280 SGD
Total Cost:4.22%
Difference:
305 SGD less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1654 (4.34% from mid-rate)
SGD amount:8,256.77 SGD
Total Cost:4.49%
Difference:
328 SGD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1643 (4.97% from mid-rate)
SGD amount:8,213.03 SGD
Total Cost:5%
Difference:
372 SGD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HKD to SGD interbank exchange rate = 0.173

Right now the HKD/SGD interbank exchange rate is 0.173. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Singapore Dollar to Hong Kong Dollar.

This HKD/SGD Converter calculates equivalent Hong Kong Dollar to Singapore Dollar amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

HKD / SGD converter & margin calculator


$HKD
$SGD
Mid-rates:
 

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Hong Kong Dollar

Singapore Dollar

1 HKD 0.1730 SGD
5 HKD 0.8650 SGD
10 HKD 1.7300 SGD
20 HKD 3.4600 SGD
50 HKD 8.6500 SGD
100 HKD 17.30 SGD
250 HKD 43.25 SGD
500 HKD 86.50 SGD
1,000 HKD 173.00 SGD
2,000 HKD 346.00 SGD
5,000 HKD 865.00 SGD
10,000 HKD 1,730.00 SGD
50,000 HKD 8,650.00 SGD
100,000 HKD 17,300.00 SGD
See more

Hong Kong Dollar

Singapore Dollar

5.7789 HKD 1 SGD
28.89 HKD 5 SGD
57.79 HKD 10 SGD
115.58 HKD 20 SGD
288.95 HKD 50 SGD
577.89 HKD 100 SGD
1,444.73 HKD 250 SGD
2,889.45 HKD 500 SGD
5,778.90 HKD 1,000 SGD
11,557.80 HKD 2,000 SGD
28,894.50 HKD 5,000 SGD
57,789.00 HKD 10,000 SGD
288,945.00 HKD 50,000 SGD
577,890.00 HKD 100,000 SGD
See more

SGD Country Guides
SingaporeSingapore

Hong Kong Dollar to Singapore Dollar (HKD-SGD) - 10 Year History

The below table shows the historic variation in the HKD/SGD exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of HKD versus other currencies : HKD historical charts.

DateExchange RatePeriod
14 Apr 20190.17251 Week
22 Mar 20190.17231 Month
23 Oct 20180.17586 Months
21 Apr 20180.16781 Year
21 Apr 20170.17962 Years
22 Apr 20140.16195 Years
23 Apr 20090.193710 Years

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

The HKD/SGD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the HKD / SGD was traded (bought or sold) in the international markets.

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.

The closer your final exchange rate is to the market HKD/SGD midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good HKD to SGD exchange rate

  1. Know the latest HKD/SGD market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Hong Kong Dollar and Singapore Dollar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the HKD vs SGD, you should pay attention to both Hong Kong Dollar and Singapore Dollar news and forecasts.

Hong Kong Dollar (HKD) - Market news and forecasts

On balance, the Hong Kong dollar strengthened steadily in the February-April period. By recent standards, it was particularly strong against the euro at rates near HK$8.825. It was near the weaker boundary of its US dollar trading range, at HK$7.844. Against a basket of currencies, the US dollar was up 1.5 percent on the year by April-22, implying the same year-to-date gain for HKD.

HKD’s strength comes in spite of this year’s dovish turn by the US Federal Reserve, whose actions Hong Kong’s central bank must follow. The Fed has ditched two interest rate hikes from its 2019 projections, but fortunately for holders of HKD, the rest of the world has problems too and other important central banks have also turned dovish, removing much of the incentive for selling HKD.

Based on USD research, a Bloomberg analyst warned in April of potential for a large upcoming move in HKD, up or down. Over the past quarter-century, three deep troughs in a prominent volatility index were followed by USD moves over 6-month periods worth 10-15 percent. The index in question fell in the second half of April to a 5-year low.

Singapore Dollar (SGD) - Market news and forecasts

2019 has begun steadily for the Singapore dollar. In the third week of April, SGD is little changed (<1 percent) on the year against both the US dollar (S$1.356) and Australian dollar (S$0.97), but it continues to impress against the euro, relative to which it has strengthened by 2.5 percent year-to-date to S$1.524—near its strongest level in 2 years. A big-picture view shows SGD trading sideways against the pound since late 2016, now at S$1.763. SGD reached a 17-month high against the Malaysian ringgit in April, at RM3.073.

With core inflation at a 9-month low in the lead-up to this report and quarterly economic growth at a 2-year low, it’s likely that the Monetary Authority of Singapore will keep monetary policy unchanged when it next meets in October.

According to TradingEconomics.com, the Singapore dollar is likely to be worth S$1.37 per US dollar in 12 months’ time (April 2020).