What is the HSBC Send Money conversion rate for USD to SGD?
The HSBC USD to SGD exchange rate is 1.2435. This is -3.3% compared to the latest USD-SGD mid-market rate 1.2855.
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 Singapore dollar (SGD) rates from different sources before making a conversion.
The above HSBC - Dollar 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 USD-SGD mid-rate and the possible savings of using various providers.
How do HSBC USD-SGD rates compare between providers?
Looking at the full USD to SGD - Send Money comparison table the provider with the best USD to SGD exchange rate is Wise at 1.2828, -0.21% from the latest mid-market rate 1.2855.
The next best is OFX at 1.2816, -0.3% from the mid-rate.
Then XE at 1.2778, which is -0.6% from the mid-rate.
The Western Union rate is 1.2662 which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 1.1921 at -7.3% the Wells Fargo Bank rate is 1.1844 at -7.9% and the Citibank rate is 1.2435 at -3.3% compared to the mid-rate 1.2855.
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.
