What is the
HSBC Business Send Money conversion rate for USD to EGP?
The HSBC USD to EGP business exchange rate is 46.51. This is -3.7% compared to the latest USD-EGP mid-market rate 48.30.
As Business exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Egyptian pound (EGP) rates from different sources before making a conversion.
The above
HSBC - Business Dollar to Egyptian pound 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 USD-EGP mid-rate and the possible savings of using various providers.
How do HSBC USD-EGP rates compare between providers?
Looking at the full
USD to EGP - Send Money comparison table the provider with the best Business USD to EGP exchange rate is Wise at 47.98, -0.66% from the latest mid-market rate 48.30.
Then Western Union at 47.52, which is -1.6% from the mid-rate.
Among the banks the Chase Bank rate is 45.06 at -6.7% the Wells Fargo Bank rate is 44.77 at -7.3% and the Citibank rate is 47 at -2.7% compared to the mid-rate 48.30.
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.
Compare USD to EGP Transfer Rates