#GBP/SGD hits 14-day high at 1.7494, up 2.1% from 3-month avg. UK service sector contraction & Trump's 10% tariff weighing on pound outlook. Analysts warn further GBP weakness possible if upcoming CBI data disappoints. #forex #GBPSGD
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HSBC Exchange Rates
Here we review HSBC's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check how you can save money when you send and spend abroad.
HSBC, also known as the Hongkong and Shanghai Banking Corporation, is a multinational investment bank and financial services company based in London, UK. HSBC operates in over 60 countries and territories, including the UK, Hong Kong, China, Canada, the US, Australia, and throughout Europe, the Middle East, and Asia. The bank is well-known for its retail banking services, investment banking, and wealth management services, and has a large and diverse customer base.
In terms of foreign exchange rates, HSBC offers competitive rates for international money transfers and foreign currency exchange services. Customers can transfer money overseas in a range of currencies, and the bank offers real-time exchange rate quotes and low transfer fees. HSBC also offers foreign currency accounts and multi-currency accounts, allowing customers to hold and manage multiple currencies in a single account.
HSBC's foreign exchange rates are competitive with other major banks and financial institutions, and the bank has a strong reputation for providing reliable and secure services. However, it is always recommended that customers compare exchange rates and fees across different FX providers to ensure they are getting the best value for their money.
When you get a quote for your Global Money Transfer from HSBC on their website or in-app, you can also see the HSBC exchange rate, but it can be difficult to then calculate how much you are being charged.
HSBC does not publish their exchange rates publicly which is frustrating. However, our research shows that on average, HSBC profit margin for foreign exchange rates is somewhere between 2.8 - 7%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks add this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
GBP to SGD Market Data
British pound (GBP) to Singapore dollar (SGD) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell GBP →
Buy SGD
1 GBP
=
1.7498We compare provider deals to this wholesale mid-market rate. Read more
SGD▲+0.2%
14d-highs
GBP to SGD is at 14-day highs near 1.7494, 2.1% above its 3-month average of 1.7126, having traded in a quite stable 4.9% range from 1.6694 to 1.7513
|Tracker
| Date | GBP/SGD | Change | Period |
|---|---|---|---|
11 Apr 2025 | 1.7263 | 1.1% ▲ | 2 Week |
25 Jan 2025 | 1.6805 | 3.9% ▲ | 3 Month |
25 Apr 2024 | 1.7001 | 2.7% ▲ | 1 Year |
26 Apr 2020 | 1.7602 | 0.8% ▼ | 5 Year |
28 Apr 2015 | 2.0250 | 13.8% ▼ | 10 Year |
30 Apr 2005 | 3.1240 | 44.1% ▼ | 20 Year |
What are equivalent amounts of GBP and SGD?
Here are some popular conversion amounts for GBP to SGD (British pound to Singapore dollar)*.
*Converted at the current GBPSGD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for GBP to SGD
Recent currency market updates and analyst forecasts indicate a cautious outlook for the GBP to SGD exchange rate, particularly in light of geopolitical tensions and domestic economic signals. Analysts note that the British pound (GBP) has been impacted by a contraction in the UK service sector, alongside the announcement of a 10% tariff on UK imports by U.S. President Donald Trump. This development has raised concerns over the UK's economic activities, potentially leading to further declines in GBP value if additional negative data emerges from the Confederation of British Industry’s (CBI) surveys.
Read our full review of recent GBP to SGD forecasts.
How to get a good GBP to SGD exchange rate
There are several ways to save on exchange rates when converting British pound to Singapore dollar:
- Shop around for the best GBP/SGD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the GBP/SGD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and SGD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying Singapore dollar with British pound, then it's better for the GBP/SGD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to Singapore — a practical currency and money guide to travel in Singapore plus living and doing business with the Singapore dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
Will the British pound rise against the Singapore dollar?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/SGD to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
| United Kingdom (GBP) | Singapore (SGD) |
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The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
Further reading on the Singapore dollar (SGD) - Guides, Reviews & News from our research team.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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