What is the
HSBC Send Money conversion rate for SGD to GBP?
The HSBC SGD to GBP exchange rate is 0.5505. This is -4.2% compared to the latest SGD-GBP mid-market rate 0.5744.
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 British pound (GBP) rates from different sources before making a conversion.
The above
HSBC - Singapore dollar to Sterling 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 SGD-GBP mid-rate and the possible savings of using various providers.
How do HSBC SGD-GBP rates compare between providers?
Looking at the full
SGD to GBP - Send Money comparison table the provider with the best SGD to GBP exchange rate is OFX at 0.5715, -0.5% from the latest mid-market rate 0.5744.
The next best is XE at 0.5709, -0.61% from the mid-rate.
Then Wise at 0.5709, which is -0.61% from the mid-rate.
Among the banks the CIMB Bank rate is 0.554 at -3.6% the OCBC Bank rate is 0.5589 at -2.7% and the Maybank rate is 0.5543 at -3.5% compared to the mid-rate 0.5744.
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 SGD to GBP Transfer Rates