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Compare HKD to SGD foreign transfers

Use our comparison table to find the best exchange rates for Singapore Dollar foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$HKD
$SGD

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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:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the HKD-SGD mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market HKD-SGD exchange rate.

Currency news and forecasts for Hong Kong Dollar and Singapore Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison 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).