Anyone who has ever converted Hong Kong dollars to Singapore dollars knows that the final number depends not just on the market rate, but also on fees and where you make the exchange. With 500 HKD, the mid-market conversion lands at approximately 82.50 SGD, but services like Revolut and Xe show slightly different figures depending on when and how you convert.

4 related posts

Live mid-market rate (1 HKD to SGD): 0.1650 SGD ·
1 SGD to HKD: 6.06 HKD ·
500 HKD to SGD (mid-rate): 82.50 SGD ·
500 SGD to HKD (mid-rate): 3,030 HKD

Quick snapshot

1Confirmed facts
  • 500 HKD = ~82.50 SGD at mid-market (Xe)
  • HKD pegged to USD at 7.75–7.85 (Revolut)
  • SGD is stronger: 1 SGD = ~6.06 HKD (Xe)
2What’s unclear
  • Exact future exchange rate trend
  • Whether HKD is “weak” in absolute terms vs. relative to SGD
3Timeline signal
  • Revolut rates varied: 500 HKD = 83.04 SGD (May 17), 82.56 SGD (May 19), 82.01 SGD (May 27) (Revolut)
  • Weekend FX fees apply on Standard (1%) and Plus (0.5%) plans (Revolut)
4What’s next
  • Set up rate alerts on Xe app (Xe)
  • Compare fees before transferring — digital services typically beat banks (Xe)

The table below summarizes the key conversion figures at a glance.

Key facts at a glance
Metric Value
Current 1 HKD to SGD 0.1650 SGD
1 SGD to HKD 6.06 HKD
500 HKD mid-rate 82.50 SGD
500 HKD via Wise 82.35 SGD
HKD peg range 7.75–7.85 per USD

How much is 1 HKD to 1 Singapore dollar?

Current mid-market rate

  • At the time of writing, 1 HKD buys 0.1650 SGD, according to Xe. This is the wholesale exchange rate used by financial institutions — the benchmark before any fees are added.

How the rate is calculated

  • The mid-market rate comes from global forex trading and is the average of buy and sell prices. It updates continuously during market hours. Both Xe and Revolut use this rate as a reference, but customers never receive it exactly — providers add a markup or fee.

The implication: The headline rate you see online is rarely what you’ll get. Always look at the “you receive” amount for a true comparison.

How much is 500 HKD in SGD?

Using mid-market rate

  • 500 HKD × 0.1650 = 82.50 SGD exactly. That’s the pure math — no fees, no spread.

With typical bank or transfer fees

Two services, one pattern: digital providers quote amounts close to mid-market, but fees and timing make a difference.

Fee impact varies by provider, as shown below.

Provider Quoted amount for 500 HKD Fee / Notes
Mid-market (reference) 82.50 SGD No fees — benchmark
Revolut 83.04 SGD (May 17) No FX fee within allowance on weekdays; 1% weekend fee on Standard
Xe 82.14 SGD Mid-market for reference only; transfer rates differ
The trade-off

Using a bank for convenience can cost you up to 2% more than using a digital service like Revolut or Xe. For 500 HKD, that’s about 1.65 SGD lost to fees.

The pattern: Digital services give you rates within 0.5% of mid-market on weekdays. Banks and physical exchanges often add a spread of 2–3%, making them a poor choice for small transfers.

Which is stronger, SGD or HKD?

Current strength comparison

  • The Singapore dollar is clearly stronger: 1 SGD buys 6.06 HKD, as shown by Xe. Invert that: 1 HKD is worth only about 0.165 SGD.

Recent trend

  • HKD is pegged to the US dollar (7.75–7.85 range), so its value moves with USD. SGD floats freely, driven by Singapore’s trade surplus and economic fundamentals. This structural difference explains why SGD has maintained a higher value for years.
Why this matters

The HKD peg means its value is tied to USD, while SGD floats based on Singapore’s economic performance. This structural difference explains why SGD is consistently stronger — it’s not that HKD is weak, it’s that SGD is buoyed by a strong economy.

What this means: For travelers or remitters, the relative strength of SGD means your Hong Kong dollars will always buy fewer Singapore dollars. Budget accordingly.

Clarity — what we know and what’s uncertain

Confirmed facts

  • HKD is pegged to USD at 7.75–7.85
  • SGD is stronger than HKD as of 2025
  • 500 HKD converts to approximately 82.50 SGD at mid-market

What’s unclear

  • Exact future exchange rate trend
  • Whether HKD is “weak” in an absolute sense — it’s relative to SGD’s strength

The clarity between confirmed facts and open questions guides realistic expectations for currency conversion.

Expert perspectives

Conversions within a plan’s foreign-exchange allowance do not incur additional FX fees on weekdays.

— Revolut

The mid-market rate is informational only; users will not receive this rate when sending money.

— Xe

Bottom line: 500 HKD is worth about 82.50 SGD at the mid-market rate, but the amount you actually get depends on the provider and timing. For travelers and small remitters: use digital services like Revolut or Xe on weekdays to avoid extra fees. For larger amounts, compare spreads across multiple services.

Digital providers consistently outperform banks for small conversions, reinforcing the value of comparison shopping before transferring money.

Additional sources

revolut.com, revolut.com, revolut.com, revolut.com, ofx.com, revolut.com, xe.com

For those converting larger amounts, the same principles apply when converting larger amounts, where even small rate differences can significantly impact the final amount.

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Frequently asked questions

How often does the HKD to SGD exchange rate change?

It updates continuously during forex market hours (24 hours on weekdays). Weekends see less liquidity, which can cause wider spreads.

What is the best way to convert 500 HKD to SGD?

Use a digital transfer service like Revolut (within allowance, on weekdays) or compare rates on Xe. Avoid bank counter conversions unless you have no alternatives — they often add 2–3%.

Does Revolut charge a fee for 500 HKD to SGD conversion?

No fee on weekdays if you’re within your plan’s foreign-exchange allowance. Standard plan users pay 1% on weekends; Plus users pay 0.5%. Premium, Metal, and Ultra plans have no weekend fee. Source: Revolut.

Is it better to convert HKD to SGD in Hong Kong or Singapore?

Rates are similar when using digital services. For cash exchanges, compare the rate offered by local money changers in both cities — but digital is nearly always cheaper for sums under 1,000 SGD.

Can I use a credit card to convert HKD to SGD?

Yes, but credit card exchange rates include a markup (typically 2.5–3%) plus possible foreign transaction fees. It’s better to use a debit card with a service like Revolut that applies mid-market rates.

Are there any limits on converting 500 HKD to SGD?

No regulatory limit on this amount. Your service might have a monthly fair-use cap on fee-free conversions. Revolut’s Standard plan allows up to 1,000 USD equivalent per month without FX fees.

Related reading

For the best conversion of 500 HKD to SGD, use a digital service on weekdays to minimize fees.