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 SGD to HKD exchange rate is 5.8433. This is -4.2% compared to the latest SGD-HKD mid-market rate 6.1013.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Hong Kong dollar (HKD) rates from different sources before making a conversion.
The above HSBC - Singapore dollar to Hong Kong 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 SGD-HKD mid-rate and the possible savings of using various providers.
Looking at the full SGD to HKD - Send Money comparison table the provider with the best SGD to HKD exchange rate is OFX at 6.0708, -0.5% from the latest mid-market rate 6.1013.
The next best is XE at 6.0647, -0.6% from the mid-rate.
Then Wise at 6.0647, which is -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 5.8799 at -3.6% the OCBC Bank rate is 5.9366 at -2.7% and the Maybank rate is 5.8878 at -3.5% compared to the mid-rate 6.1013.
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:
