HKD/SGD: what to know
The HKD/SGD rate shows how much SGD you get for 1 HKD. Right now, 1 HKD buys 0.1625 SGD at the mid-market rate. In the other direction, 1 SGD is worth 6.1531 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while SGD responds to the MAS-managed currency basket.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the HKD/SGD rate has ranged between 0.1602 and 0.1681 — a change of -1.78% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.