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SGD/HKD - Convert Compare Save

Singapore Dollar to Hong Kong Dollar exchange rates aren't all the same.

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

 

This resource page for the Singapore Dollar to Hong Kong Dollar exchange rate, has news, forecasts and SGD to HKD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

SGD/HKD Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for SGD/HKD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive HKD($)Exchange RateFee SGDTotal CostDeal Links
OFX logo
55,385 HKD5.53850 for BER users (normally $15)2.12%
DBS Bank logo
54,759 HKD5.4858183.23%
OCBC Bank International Money Transfers
OCBC Bank logo
54,508 HKD5.5059S$1003.67%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
54,307 HKD5.4506184.03%
HSBC logo
54,222 HKD5.4303S$154.18%
Citibank International Money Transfers
Citibank logo
53,739 HKD5.3804125.03%
 
OFX: Foreign Transfer SGD→HKD
SGD amount:$10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:5.5385 (2.12% from mid-rate)
HKD amount:55,385 HKD
Total Cost:2.12%
Time:
Rate Fetched: Mon Aug 19 2019 00:14:09 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 SGD→HKD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:5.4858 (3.06% from mid-rate)
HKD amount:54,759 HKD
Total Cost:3.23%
Difference:
626 HKD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→HKD
SGD amount:$10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:5.5059 (2.7% from mid-rate)
HKD amount:54,508 HKD
Total Cost:3.67%
Difference:
877 HKD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→HKD
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:5.4414 (3.84% from mid-rate)
HKD amount:54,307 HKD
Total Cost:4.03%
Difference:
1,078 HKD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→HKD
SGD amount:$10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:5.4303 (4.04% from mid-rate)
HKD amount:54,222 HKD
Total Cost:4.18%
Difference:
1,163 HKD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→HKD
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:5.3804 (4.92% from mid-rate)
HKD amount:53,739 HKD
Total Cost:5.03%
Difference:
1,646 HKD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

SGD to HKD interbank exchange rate = 5.6638

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on SGD/HKD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

SGD and HKD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the SGD vs HKD, you should pay attention to the recent market trends for both currencies.

 

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD Forecasts.

 

Hong Kong Dollar (HKD)

The Hong Kong dollar has gained value in 2019 despite a serious escalation in US-China trade tensions, mainly because the US dollar, to which HKD is pegged, is attracting safe-haven inflows. By May-17, against a basket of important currencies, HKD was worth 2 percent more year-to-date, and was only 0.5 percent away from making a 2-year high.

HKD was doing particularly well against the Australian dollar. It was, at the time of writing, valued 18 percent higher than 2018 lows against AUD and needed only a further 2.3 percent to reach a 10-year high. Though HKD was meeting significant resistance in mid-May at the 5.4 per AUD level, a break of this could spark significant appreciation.

Read more in the article HKD Forecasts.

Why can't I just get the SGD/HKD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the SGD / HKD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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

We help you Compare & Save Money on Exchange Rates.

 

View all SGD Exchange Rates