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Understanding the Table:
The comparison table above helps you see the total cost of your HSBC currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET 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.
The HSBC AED to PKR exchange rate is 72.81. This is -5.5% compared to the latest AED-PKR mid-market rate 77.05.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare United Arab Emirates dirham (AED) to Pakistani rupee (PKR) rates from different sources before making a conversion.
The above HSBC - United Arab Emirates dirham to Pakistani rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest AED-PKR mid-rate and the possible savings of using various providers.
Looking at the full AED to PKR - Send Money comparison table the provider with the best AED to PKR exchange rate is WorldRemit at 76.28, -1% from the latest mid-market rate 77.05.
The next best is Wise at 74.34, -3.5% from the mid-rate.
Among the banks the First Abu Dhabi Bank rate is 71.96 at -6.6% the HSBC rate is 72.81 at -5.5% and the Citibank rate is 73.12 at -5.1% compared to the mid-rate 77.05.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The current exchange rate between the UAE dirham (AED) and the Pakistani rupee (PKR) shows the AED trading at a 7-day high near 77.05 PKR, which is slightly above...
The recent forecasts for the USD to PKR exchange rate indicate a challenging environment for the U.S.
The exchange rate forecast for the AED to EUR indicates a challenging but somewhat stable landscape for currency traders and businesses involved in international transactions.
View a full list of exchange rates by selecting your Base (from) currency: