Best Exchange Rates
Best Exchange Rates

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SGD to HKD

Singapore Dollar to Hong Kong Dollar - Calculate Compare Save

SGD to HKD mid-rate = 5.7439

Right now the SGD/HKD market mid-rate is 5.7439 and represents ideally how many Hong Kong Dollar you can get for one Singapore Dollar (21-08-2018 06:28:28 GMT) .

You can calculate equivalent currency amounts at this mid-rate below. Then select the transaction type to compare the best exchange rates available for SGD to HKD transfers or buying HKD travel money.

 

Currency Converter SGD to HKD

$
$
1 SGD equals
5.7439 HKD 1HKD= 0.1741 SGD

Compare how much you can save on exchange rates for:

Foreign Transfers   

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3 Month SGD/HKD Chart
SGD-HKD 3 Month chart

Singapore Dollar

Hong Kong Dollar

1 SGD 5.7439 HKD
5 SGD 28.72 HKD
10 SGD 57.44 HKD
20 SGD 114.88 HKD
50 SGD 287.20 HKD
100 SGD 574.39 HKD
250 SGD 1,435.98 HKD
500 SGD 2,871.95 HKD
1,000 SGD 5,743.90 HKD
2,000 SGD 11,487.80 HKD
5,000 SGD 28,719.50 HKD
10,000 SGD 57,439.00 HKD
50,000 SGD 287,195.00 HKD

Singapore Dollar

Hong Kong Dollar

0.1741 SGD 1 HKD
0.8705 SGD 5 HKD
1.7410 SGD 10 HKD
3.4820 SGD 20 HKD
8.7050 SGD 50 HKD
17.41 SGD 100 HKD
43.53 SGD 250 HKD
87.05 SGD 500 HKD
174.10 SGD 1,000 HKD
348.20 SGD 2,000 HKD
870.50 SGD 5,000 HKD
1,741.00 SGD 10,000 HKD
8,705.00 SGD 50,000 HKD

HKD Country Guides
Hong KongHong Kong

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

The below table shows the historic variation in the SGD/HKD 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.

DateExchange RatePeriodChange
20 Aug 20185.7277Latest
13 Aug 20185.70251 Week+0.44%
21 Jul 20185.76231 Month-0.6%
21 Feb 20185.90916 Months-3.07%
20 Aug 20175.73751 Year-0.17%
20 Aug 20165.75982 Years-0.56%
21 Aug 20136.05005 Years-5.33%
22 Aug 20085.535310 Years+3.48%

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

  1. Know the latest SGD/HKD 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.

Transaction Costs - Margins and Fees for SGD/HKD Transfers and Currency Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from SGD to HKD.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending SGD 10,000 to HKD

ProviderRatingFeesExchange RateMargin
OFX logo OFX
 
$05.6464$56,464 HKD1.61%
DBS Bank logo DBS Bank
$185.5899$55,798 HKD2.77%
OCBC Bank logo OCBC Bank
$1005.5839$55,281 HKD3.67%
Average Bank Rate
DBS Bank logo  Citibank logo  HSBC logo  OCBC Bank logo 
$185.5474$55,272.25 HKD3.69%
HSBC logo HSBC
$155.5334$55,251 HKD3.73%
Citibank logo Citibank
$125.4825$54,759 HKD4.58%
 
OFX logo OFX
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $56,464 HKD
Exchange Rate: 5.6464
(Inverse 1HKD=SGD 0.1771)
Fees: $0
Total Cost : 1.61% (from mid-rate: 5.7389)
This is the amount of money that could be received by your transfer at rate SGD/HKD=5.6464 and inclusive of the fee of $0.
Rate timestamp : Mon Aug 20 2018 23:19:05 GMT+0000 (UTC)
 
DBS Bank logo DBS Bank

Price Details
Receive: $55,798 HKD
Exchange Rate: 5.5899
(Inverse 1HKD=SGD 0.1789)
Fees: $18
Total Cost : 2.77% (from mid-rate: 5.7389)
Receive HKD $666 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/HKD=5.5899 and inclusive of the fee of $18.
 
OCBC Bank logo OCBC Bank

Price Details
Receive: $55,281 HKD
Exchange Rate: 5.5839
(Inverse 1HKD=SGD 0.1791)
Fees: $100
Total Cost : 3.67% (from mid-rate: 5.7389)
Receive HKD $1,183 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/HKD=5.5839 and inclusive of the fee of $100.
 
Average Bank Rate
DBS Bank logo  Citibank logo  HSBC logo  OCBC Bank logo 
This is the average SGD to HKD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.


Price Details
Receive: $55,272.25 HKD
Exchange Rate: 5.5447
(Inverse 1HKD=SGD 0.1804)
Fees: $18
Total Cost : 3.69% (from mid-rate: 5.7389)
Receive HKD $1,192 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/HKD=5.5474 and inclusive of the fee of $18.
 
HSBC logo HSBC
Rate available to HSBC Online Banking customers only.

Price Details
Receive: $55,251 HKD
Exchange Rate: 5.5334
(Inverse 1HKD=SGD 0.1807)
Fees: $15
Total Cost : 3.73% (from mid-rate: 5.7389)
Receive HKD $1,213 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/HKD=5.5334 and inclusive of the fee of $15.
 
Citibank logo Citibank
Rate available to Citibank customers via online banking.
Price Details
Receive: $54,759 HKD
Exchange Rate: 5.4825
(Inverse 1HKD=SGD 0.1824)
Fees: $12
Total Cost : 4.58% (from mid-rate: 5.7389)
Receive HKD $1,705 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/HKD=5.4825 and inclusive of the fee of $12.
% Margins to latest SGD/HKD mid-rate: 5.7389
Rates @ 08/21/2018


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 comparison calculators make shopping around easy and help you calculate how much you can save.


Currency News, Research and Forecasts for Singapore Dollar and Hong Kong 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 SGD vs HKD, you should pay attention to both Singapore Dollar and Hong Kong Dollar news and forecasts.

Singapore Dollar (SGD) - Market news and forecasts

In April, the Monetary Authority of Singapore said for the first time in six years that it would allow the Singapore dollar to appreciate. Unconventionally, the MAS manages monetary policy by managing the value of SGD. By allowing the currency to rise, it will effectively tighten policy in response to robust economic growth – 4.3% in the fourth quarter.

USD/SGD has, for the most part, followed the broader market for dollar pairs in 2018. The pair reached 1.3 in January for the first time since 2014 but since then has rallied. It was back to 1.4 in early May.

In early May, for the first time in nearly two years, the Singapore dollar broke parity with the Australian dollar. When last seen, AUD/SGD was at 0.998.

Based on a global macro model and analyst expectations, the team at TradingEconomics.com is forecasting USD/SGD at 1.37 at the end of April 2019.

Hong Kong Dollar (HKD) - Market news and forecasts

Between April and June, the Hong Kong dollar traded at or close to the weaker boundary of its allowed trading range (close to 7.85 per US dollar). The Hong Kong Monetary Authority intervened in FX markets to defend the currency’s peg several times within this timeframe.

HKD has fallen to multi-decade lows due to a widening of the US-Hong Kong interest rate differential. Despite the HKMA raising interest rates in step with the US Federal Reserve, rates paid on HKD have remained low over the past eighteen months due to abundant liquidity in Hong Kong’s financial system; meanwhile, rates paid on US dollars have risen steadily. For large investors, this provides an incentive to exchange (sell) borrowed Hong Kong dollars for higher-yielding US dollars.

Due to Hong Kong’s sizeable foreign exchange reserves, which are among the largest in the world, a speculative attack on the USD/HKD peg is unlikely.

In late May, HKD climbed to a six-month high against the euro, at 9.031 per EUR. By mid-June it had weakened back into the mid-9.2s.

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

The SGD/HKD 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 SGD / HKD was traded (bought or sold) in the international markets.


When you look up the current Singapore Dollar to Hong Kong Dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

Getting a great SGD to HKD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our SGD to HKD currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Singapore Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.