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HSBC exchange rates: What you need to know

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Nabil

Jan 2, 2019

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CurrencyFees » Fee Guides » HSBC exchange rates: What you need to know

HSBC offers a convenient way to buy a multitude of different currencies. However, foreign exchange rates represent a major pricing point and there is often little clarity around them. We researched HSBC’s travel money exchange rates to provide you a table showcasing their currency rate spread. Hopefully we can help you save money on your holidays.

HSBC exchange rates: Information and tips

Know the latest interbank exchange rate for your currency pairs

The interbank rate (also called mid-market rate) is the midpoint between the buy price and sell price of two currencies on the currency markets. HSBC does not offer the interbank rate but instead adds a margin to it, which makes the foreign currency transaction more expensive for you. Before using HSBC for your travel money needs, make sure to know the current interbank exchange rate. That way, you’ll be able to calculate FX losses on the currency conversion. You can find the latest interbank rates using our currency converter.

How to calculate exchange rate loss

Here’s what you need to do in order to determine how much HSBC’s travel money exchange rate spread is going to cost you:

  1. Find the current interbank rate for your currencies using our currency converter
  2. Multiply your original amount by the current interbank rate
  3. Multiply your original amount by the exchange rate HSBC offers
  4. Subtract the first amount from the second amount
  5. This is the amount you’ll lose through currency conversion with HSBC

Order your currency online and in advance

Ordering your foreign currency before your trip allows you to compare with rates and fees of other providers. Ordering it online also is usually much cheaper than buying currency at the airport or on arrival to your holiday destination. Make sure to always compare exchange rates before finalising an order.

 
For the best exchange rates, we highly recommend TransferWise. Enjoy your first transfer for free on transfers up to £500.
 

HSBC exchange rate research

The exchange rate spreads below are for ordering foreign currency online. Rates on other services might differ. Those exchange rate margins are indicative at the time of research. Use the HSBC currency converter or visit the nearest branch to get the latest rates.

Currency ISO Code Exchange Rate Mid-Market Rate Exchange Rate Margin / Loss
Euro EUR 1.0859 1.13928 4.69%
U.S. Dollar USD 1.2391 1.29735 4.49%
Canadian Dollar CAD 1.6184 1.70096 4.85%
Australian Dollar AUD 1.6805 1.80186 6.74%
Bahraini Dinar BHD 0.4563 0.4878 6.46%
Barbadian Dollar BBD 2.3895 2.59469 7.91%
Brazilian Real BRL 4.2881 4.79667 10.60%
Brunei Dollar BND 1.656 1.78549 7.25%
Bulgarian Lev BGN 2.0458 2.22823 8.19%
Chilean Peso CLP 772.127 889.74553 13.22%
Chinese Renminbi CNY 8.2679 8.93873 7.50%
Costa Rican Colon CRC 699.6477 800.30966 12.58%
Croatian Kuna HRK 7.8608 8.4552 7.03%
Czech Koruna CZK 27.2974 29.38271 7.10%
Danish Krone DKK 7.9856 8.49976 6.05%
Dominican Peso DOP 59.4474 65.06185 8.63%
Egyptian Pound EGP 17.6813 23.21418 23.83%
Fijian Dollar FJD 2.51 2.77178 9.48%
Hong Kong Dollar HKD 9.4767 10.14132 6.55%
Hungarian Forint HUF 339.9472 366.47808 7.24%
Icelandic Króna ISK 141.3045 157.49829 10.28%
Indonesian Rupiah IDR 17,547.41 19401.80216 9.56%
Israeli New Sheqel ILS 4.4322 4.7889 7.45%
Jamaican Dollar JMD 151.3558 165.70165 8.66%
Japanese Yen JPY 138.6198 146.86704 5.62%
Jordanian Dinar JOD 0.8343 0.91982 9.30%
Kenyan Shilling KES 117.59 131.42836 10.53%
Kuwaiti Dinar KWD 0.37 0.39452 6.82%
Malaysian Ringgit MYR 4.8271 5.40022 10.61%
Mauritian Rupee MUR 41.32 45.60166 9.40%
Mexican Peso MXN 23.84 25.99167 8.30%
New Zealand Dollar NZD 1.8197 1.949 6.63%
Norwegian Krone NOK 9.927 10.85593 8.56%
Omani Rial OMR 0.4661 0.49883 6.56%
Peruvian Nuevo Sol PEN 3.8558 4.35207 11.40%
Philippine Peso PHP 58.6045 68.91606 14.96%
Polish Zloty PLN 4.58 4.90799 6.61%
Qatari Riyal QAR 4.3705 4.72234 7.45%
Romanian Leu RON 4.79 5.30949 9.72%
Russian Ruble RUB 77.13 86.79868 11.13%
Saudi Riyal SAR 4.4596 4.86505 8.33%
Singapore Dollar SGD 1.64 1.78549 8.25%
South African Rand ZAR 17.335 18.54979 6.55%
Swedish Krona SEK 10.7509 11.75369 8.53%
Swiss Franc CHF 1.19 1.30163 8.49%
New Taiwan Dollar TWD 35.4221 39.72991 10.84%
Thai Baht THB 39.4166 42.61122 7.50%
Trinidad and Tobago Dollar TTD 8.0015 8.79211 8.99%
Turkish New Lira TRY 6.58 7.04391 6.60%
UAE Dirham AED 4.4463 4.7645 6.68%
Vietnamese Dong VND 25,259.37 30273.61576 16.56%

How we collect our data & advertiser disclosure

HSBC’s exchange rate was collected from HSBC’s website on 04/11/2018. Interbank rates collected from x-rates.com on 04/11/2018. The information displayed on this site is subject to change at any time and we do not guarantee 100% accuracy of the information.
For the today’s rates, visit HSBC’s website, contact HSBC’s customer support or log into your online banking and search for their exchange rate calculator. Currencyfees.com is not liable for any financial decisions based on the above information. Currencyfees.com is supported by referral compensations by some of the companies listed in our articles.

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