1 HKD to SGD - Convert Hong Kong Dollar to Singapore Dollar

Looking at the 30-day window, the HKD/SGD pair traded in a range of 0.157900 to 0.169400. The monthly average was 0.162842 with 1.66% volatility. The relatively low volatility indicates stable trading conditions for the HKD/SGD currency pair.

The current mid-market exchange rate is 1 HKD = 0.163669 SGD, updated as of June 4, 2026, 1:14 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Hong Kong Dollar to Singapore Dollar Exchange Rate

HKD/SGD pairs Asia's two premier financial centers in direct competition. Since HKD is pegged to USD, HKD/SGD tracks USD/SGD precisely. Hong Kong and Singapore compete for corporate headquarters, fund management mandates, wealth management clients, and fintech startups. Chinese family offices increasingly choose Singapore, redirecting capital flows. Both cities rank among the world's most expensive and financially sophisticated.

The Asian Finance Rivalry

Hong Kong and Singapore are the world's third and fourth largest financial centers, locked in a decades-long competition for Asian finance supremacy. Since 2020, Singapore has gained ground as Chinese family offices, hedge funds, and crypto companies diversified from Hong Kong. This capital migration affects HKD/SGD through changed demand patterns. Both cities host regional headquarters of Goldman Sachs, JPMorgan, HSBC, and UBS. Both serve as yuan internationalization centers. Both are major forex trading hubs processing trillions daily. The rivalry benefits both cities by maintaining competitive regulatory environments, low tax rates, and world-class infrastructure. Property prices in both rank among the world's highest. A two-bedroom apartment in Central Hong Kong or Orchard Road Singapore costs $3,000-5,000+ monthly. Banking salaries in both cities are among the highest globally. For bankers choosing between Hong Kong and Singapore postings, the rate determines relative compensation purchasing power. The dollar peg means HKD/SGD is a pure USD/SGD derivative. MAS band adjustments in April and October create SGD-specific moves that drive the pair directionally. Both cities' money changers offer among the world's best retail forex rates, ensuring competitive conversion for the hundreds of thousands of finance professionals who move between the two Asian financial capitals regularly.

What Drives the HKD/SGD Rate

USD/SGD is the only meaningful driver since HKD is dollar-pegged. MAS policy (April/October), Fed decisions, financial industry capital flows between the two cities, and global risk sentiment determine the rate.

What a Conversion Really Costs

Both cities have world-class money changers at 0.2-0.5%. Banks charge 0.5-1.5%. Online services 0.3-1%. Direct HKD/SGD is liquid through Asian banking networks. Both financial centers' deep infrastructure ensures the tightest spreads available for any Asian cross-rate conversion at any transaction size.

How to Get the Best HKD to SGD Rate

Tsim Sha Tsui money changers in HK or Arcade in Singapore. Track USD/SGD and MAS announcements. Compare the mid-market rate on this page. The intense financial rivalry ensures neither city allows conversion costs to become a competitive disadvantage for their financial industry professionals and corporate clients.