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 INR exchange rate is 63.21. This is -6.5% compared to the latest SGD-INR mid-market rate 67.57.
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 Indian rupee (INR) rates from different sources before making a conversion.
The above HSBC - Singapore dollar to 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 SGD-INR mid-rate and the possible savings of using various providers.
Looking at the full SGD to INR - Send Money comparison table the provider with the best SGD to INR exchange rate is XE at 67.17, -0.59% from the latest mid-market rate 67.57.
The next best is Wise at 67.17, -0.59% from the mid-rate.
Then WorldRemit at 66.9, which is -0.99% from the mid-rate.
Among the banks the CIMB Bank rate is 63.61 at -5.9% the OCBC Bank rate is 65.75 at -2.7% and the Maybank rate is 65.21 at -3.5% compared to the mid-rate 67.57.
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:
