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’.
The HSBC GBP to SGD exchange rate is 1.6591. This is -4.6% compared to the latest GBP-SGD mid-market rate 1.7389.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Singapore dollar (SGD) rates from different sources before making a conversion.
The above HSBC - Sterling to Singapore dollar 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 GBP-SGD mid-rate and the possible savings of using various providers.
Looking at the full GBP to SGD - Send Money comparison table the provider with the best GBP to SGD exchange rate is Wise at 1.7311, -0.45% from the latest mid-market rate 1.7389.
The next best is OFX at 1.7302, -0.5% from the mid-rate.
Then XE at 1.7285, which is -0.6% from the mid-rate.
The Western Union rate is 1.7215 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.6365 at -5.9% the Royal Bank of Scotland rate is 1.647 at -5.3% and the Barclays Bank rate is 1.678 at -3.5% compared to the mid-rate 1.7389.
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.
View a full list of exchange rates by selecting your Base (from) currency:
