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    HSBC GBP Exchange Rates Reviewed

    It's hard to predict the currency markets, but you can always save money by comparing HSBC sterling exchange rates and fees to those charged by market leading FX providers.

    HSBC Exchange Rates

    Here we review HSBC's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check how you can save money when you send and spend abroad.

    HSBC, also known as the Hongkong and Shanghai Banking Corporation, is a multinational investment bank and financial services company based in London, UK. HSBC operates in over 60 countries and territories, including the UK, Hong Kong, China, Canada, the US, Australia, and throughout Europe, the Middle East, and Asia. The bank is well-known for its retail banking services, investment banking, and wealth management services, and has a large and diverse customer base.

    In terms of foreign exchange rates, HSBC offers competitive rates for international money transfers and foreign currency exchange services. Customers can transfer money overseas in a range of currencies, and the bank offers real-time exchange rate quotes and low transfer fees. HSBC also offers foreign currency accounts and multi-currency accounts, allowing customers to hold and manage multiple currencies in a single account.

    HSBC's foreign exchange rates are competitive with other major banks and financial institutions, and the bank has a strong reputation for providing reliable and secure services. However, it is always recommended that customers compare exchange rates and fees across different FX providers to ensure they are getting the best value for their money.

    When you get a quote for your Global Money Transfer from HSBC on their website or in-app, you can also see the HSBC exchange rate, but it can be difficult to then calculate how much you are being charged.

    HSBC does not publish their exchange rates publicly which is frustrating. However, our research shows that on average, HSBC profit margin for foreign exchange rates is somewhere between 2.8 - 7%, depending on the amount you're sending, where you're sending it to and which currency will be received.

    While all banks add this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.


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    You Can Save Money when you Compare HSBC Exchange Rate Margins & Fees

    The above comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction by HSBC versus the market mid-rate. It is easy to calculate any savings available from popular market-leading FX providers.


    Is Pound Sterling expected to go up or down?

    This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Pound Sterling current value is to look the GBP performance against a range of other currencies over various time periods.

    The following table looks at the performance of the GBP exchange rate against other currencies over time periods from the previous 2 days back to the last 5 years.

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