What is the
HSBC Send Money conversion rate for USD to SEK?
The HSBC USD to SEK exchange rate is 9.1335. This is -5.3% compared to the latest USD-SEK mid-market rate 9.6445.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Swedish krona (SEK) rates from different sources before making a conversion.
The above
HSBC - Dollar to Krona 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-SEK mid-rate and the possible savings of using various providers.
How do HSBC USD-SEK rates compare between providers?
Looking at the
full comparison table
the best USD to SEK exchange rate is 9.5963 from OFX, -0.5% from the mid-market rate 9.6445. The next best rate is 9.5866 from XE, -0.6% from the mid-rate. Then Wise with 9.5818 is -0.65% from the mid-rate.
The Western Union rate is 9.5481 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 8.8442 at -8.3% the Wells Fargo Bank rate is 8.7863 at -8.9% and the Citibank rate is 9.2299 at -4.3% compared to the mid-rate 9.6445.
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 SEK Transfer Rates