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Best HKD to AUD Exchange Rate


There are two main numbers that you need to understand if you are to have any chance of getting the best possible HKD to AUD rate, these are the foreign exchange market rate and the transaction margin you will be charged by your bank or foreign exchange provider.


1 Hong Kong Dollar equals
Australian Dollar 1=


Right now the HKD to AUD rate is but will most likely be quite different by the time you make you currency exchange. You can calculate with the current mid-rate using our HKD to AUD calculator below.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same HKD/AUD market rate I see on Google or in the Media?

When you look up the current Hong Kong Dollar to Australian Dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is is commonly referred to as the mid-market rate.

HKD to AUD mid-rate on google

HKD to AUD mid-rate on google search

Getting a great mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This mid-market rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is!

You can use the below HKD to AUD converter to calculate currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Hong Kong Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

HKD to AUD calculator

$
$
1 HKD equals
AUD 1HKD=AUD

Loading HKD/AUD Chart

Hong Kong Dollar - Recent Performance

The Hong Kong dollar fell in early August to a nineteen-month low of 7.828 against the US dollar but recovered slightly by mid-September to 7.813. At the time of this report, Hong Kong’s currency had fallen in every month of 2017 against USD and in all but one month against the euro. It remained Asia’s second worst performer of the year, ahead of only the Philippine peso.

By its own standards, HKD experienced a tumultuous time on September 7th and 8th, on which the currency made back three months’ worth of losses against the US dollar over an eighteen-hour period. It was stated afterwards by a Mizuho analyst that the move was driven by “a sizeable amount of capital being moved into HKD, which triggered stop-loss [orders].” Gains were short lived however, with the currency giving back two-thirds of those gains in the days that followed.

Rates paid on HKD have remained depressed in 2017 even as the HKMA has raised borrowing costs in step with the US Federal Reserve. The US-over-Hong Kong rate premium (around 55 basis points in August) is the principal reason for the Hong Kong dollar’s decline this year.

In September, Hong Kong’s Finance Secretary, Paul Chan, issued a warning on the country’s housing market for the second time since June.

“One has to be very careful if one really wants to buy a property in Hong Kong…I would not be surprised if there will be a certain adjustment in the market,” said Secretary Chan.

In June, Secretary Chan had described Hong Kong’s housing market as a potentially “dangerous situation.”

Australian Dollar - Recent Performance

Against the US dollar, having climbed to a 28-month high above 0.81 in September, the Australian dollar spent much of the next five weeks losing value. AUD fell roughly three cents by mid-October to 0.782. The Aussie’s year-to-date gain over USD remained close to 9%.

Against the New Zealand dollar, AUD fell back from September’s high of 1.115 to 1.09 by October 17th, but was still up 5% on the year.

In October, Australian Treasurer Scott Morrison expressed no discomfort with the higher valuation of the Australian dollar. Morrison suggested that Australian exporters had adapted to the higher currency.

Morrison’s view differed slightly from that of the RBA, which continued to suggest within its monetary policy statements that it would like to see AUD weaken. At each of its August, September and October meetings, the RBA said that the currency’s higher value “is expected to contribute to subdued price pressures in the economy…[and] is weighing on the outlook for output and employment.”

In September, Dutch bank ABN Amro predicted that AUD/USD would rise to 0.9 by the end of 2018. As reasons for the pair’s climb, ABN cited “strong conviction” on future US dollar weakness, future commodity price rises, an improvement in global trade and potential rate hikes by the RBA.

The long-term technical outlook for the Aussie supports ABN’s view. On the monthly AUD/USD chart, July’s clean break from a crisp triangle (or pennant) pattern suggests higher prices ahead over the next twelve months.

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