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SGD to HKD - Rate Guide

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.

 

SGD/HKD update & alerts

1 SGD = 5.7556 HKD

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SGD to HKD - Trading Range (90 Day)
ALERT: 14-DAY HIGHS 🔔 |
SGD/HKD 90-DAY TREND: At 5.7586 SGD to HKD is trading 0.7% above the average 5.7212 with a range 5.6629 to 5.7759. ALERT: SGD/HKD has risen to 14-DAY HIGHS.
09 Dec, 2019 16:07-EST 21:07-GMT 08:07-AEDT(+1D)

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SGD/HKD Exchange Rates and Providers Compared

This guide to the Singapore Dollar to Hong Kong Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and SGD to HKD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our SGD/HKD Quick Calculator.

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.

 
  

SGD to HKD International Money Transfers

  

Foreign Transfer ProvidersReceive HKD(HK$)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
HK$57,2035.7496S$510.61%
OFX logo
HK$56,3195.63190 for BER users (normally $15)2.15%
DBS Bank logo
HK$55,6845.5784183.25%
OCBC Bank International Money Transfers
OCBC Bank logo
HK$55,4405.6S$1003.67%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
HK$55,2275.5429184.04%
HSBC logo
HK$55,1375.522S$154.2%
Citibank International Money Transfers
Citibank logo
HK$54,6465.4712125.05%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 
TransferWise logo
TransferWise: Foreign Transfer SGD→HKD
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:5.7496 (0.1% from mid-rate)
To Amount (HKD) HK$57,203
Total Cost:0.61%
Time:1:10 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer SGD→HKD
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:5.6319 (2.15% from mid-rate)
To Amount (HKD) HK$56,319
Total Cost:2.15%
Difference:
HK$884 HKD less than using TransferWise
Time:
Rate Fetched: Tue Dec 10 2019 00:14:16 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer SGD→HKD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:5.5784 (3.08% from mid-rate)
To Amount (HKD) HK$55,684
Total Cost:3.25%
Difference:
HK$1,519 HKD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer SGD→HKD
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:5.6000 (2.7% from mid-rate)
To Amount (HKD) HK$55,440
Total Cost:3.67%
Difference:
HK$1,763 HKD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer SGD→HKD
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:5.5332 (3.86% from mid-rate)
To Amount (HKD) HK$55,227
Total Cost:4.04%
Difference:
HK$1,976 HKD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer SGD→HKD
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:5.5220 (4.06% from mid-rate)
To Amount (HKD) HK$55,137
Total Cost:4.2%
Difference:
HK$2,066 HKD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer SGD→HKD
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:5.4712 (4.94% from mid-rate)
To Amount (HKD) HK$54,646
Total Cost:5.05%
Difference:
HK$2,557 HKD less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer SGD→HKD
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/10/2019 - See full table

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 the recent protests and also 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