DBS Bank SGD to HKD Exchange Rates & Currency Deals
SGD-HKD Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your DBS Bank 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’.
DBS Bank - SGD Rate Margin Analysis
The average SGD rate margin offered by DBS Bank is 3.8%.
This average is based on individual SGD 10K transfer rates in the currency pairs from DBS Bank that we monitor.
DBS Bank - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by DBS Bank for Singapore dollar (SGD 10K)
transactions. Margins show the percentage difference from the mid-market rate.
SGD/HKD Outlook: The outlook is bullish as the rate is significantly above its recent average and near recent highs, supported by the substantial interest rate differential.
To help you understand the real-world value of the current exchange rate, the table below shows how much Singapore dollar are worth in Hong Kong dollar across a range of amounts.
This gives a quick view of what you’d get when converting different SGD amounts at today’s rate * :
What is the
DBS Bank Send Money conversion rate for SGD to HKD?
The DBS Bank SGD to HKD exchange rate is 6.0601. This is -1.1% compared to the latest SGD-HKD mid-market rate 6.1268.
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 Hong Kong dollar (HKD) rates from different sources before making a conversion.
The above
DBS Bank - Singapore dollar to Hong Kong dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
DBS Bank and other foreign exchange providers against the latest SGD-HKD mid-rate and the possible savings of using various providers.
How do DBS Bank SGD-HKD rates compare between providers?
Looking at the full
SGD to HKD - Send Money comparison table the provider with the best SGD to HKD exchange rate is Wise at 6.1062, -0.34% from the latest mid-market rate 6.1268.
The next best is OFX at 6.0961, -0.5% from the mid-rate.
Then XE at 6.09, which is -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like DBS Bank 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.