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Best Exchange Rates

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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

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive SGD($)Exchange RateFee HKDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
8,605 SGD0.172100.41%Bank Transfers - Online & Phone1-2 days
 
OFX logo
8,455 SGD0.16910 for BER users (normally $60)2.14%Bank Transfers - Online & Phone1-2 days
DBS Bank logo
8,366.63 SGD0.1675503.16%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
8,277 SGD0.1657554.2%Online, Branch, Bank Transfers2-3 days
HSBC logo
8,251.78 SGD0.1653$804.49%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
8,213.03 SGD0.1643124.94%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:
Exchange Rate:0.1721 (0.41% from mid-rate)
SGD amount:8,605 SGD
Total Cost:0.41%
Time:1:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
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:0.1691 (2.14% from mid-rate)
SGD amount:8,455 SGD
Total Cost:2.14%
Difference:
$150 less than using WorldFirst
Time:
Rate Fetched: Mon Feb 18 2019 00:16:23 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
DBS Bank: Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1675 (3.07% from mid-rate)
SGD amount:8,366.63 SGD
Total Cost:3.16%
Difference:
$238 less than using WorldFirst
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo

Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1661 (3.88% from mid-rate)
SGD amount:8,277 SGD
Total Cost:4.2%
Difference:
$328 less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
HSBC: Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1653 (4.34% from mid-rate)
SGD amount:8,251.78 SGD
Total Cost:4.49%
Difference:
$353 less than using WorldFirst
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Citibank: Foreign Transfer HKD→SGD
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1643 (4.92% from mid-rate)
SGD amount:8,213.03 SGD
Total Cost:4.94%
Difference:
$392 less than using WorldFirst
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated as financial payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019

1 HKD = 0.1728 SGD

This is the current HKD-SGD mid-market exchange rate. 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.

3 Month Chart
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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

27-January-19: 2018 was a reasonable year for the Hong Kong dollar. Against a basket of major currencies, HKD appreciated by 4 percent, which was much better than a near-10 percent loss in 2017. It was, though, something of a stuttering end to 2018 and HKD has had mixed fortunes in early 2019.

As is well known, HKD follows, to a large extent, developments in US monetary policy. In December, after lifting US interest rates, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for HKD pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the US economy is likely to weigh on USD [and therefore HKD] in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that USD, and therefore HKD, would soon “embark on a gradual long-term bearish trend.”

Singapore Dollar (SGD) - Market news and forecasts

4-Jan-2019: 2018 was a steady year for the Singapore dollar. It lost out marginally against the US dollar (S$1.363) with a decline of 2 percent, but that was offset by a gain of nearly 3 percent against the euro (S$1.563). The Singapore dollar was especially strong last year against the Australian dollar, relative to which it climbed 8.5 percent to a 10-year high (AUD/SGD low) of S$0.961.

With Singapore being a small, trade-dependent country, prime risks to the SGD for 2019 will include a re-emergence of trade tensions between China and the US, and/or a global economic slowdown — the latter was a real possibility at the time of writing if economic data, higher interest rates, tumbling stock prices and earnings warnings from the world’s largest companies were anything to go by.

SGD will dip slightly in early 2019, an analyst at Singaporean bank OCBC said in January, before the “confluence of an uncertain Fed and a stabilization in China allows for a more sustained uptrend.” Don’t expect too much in the way of appreciation, though. The analyst argued for a floor under USD/SGD at S$1.30, indicative of potential SGD strength worth 5 percent from January’s opening rate.

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