1. Exchange Rates
  2. Hong Kong dollar (HKD)
  3. Australian dollar (AUD)

Convert HKD to AUD at Best Exchange Rates

There are three amounts that you need to understand if you are to have any chance of getting the best possible HKD to AUD rate, these are :

  1. The HKD/AUD foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Hong Kong dollar equals
Australian dollar 1=

Right now the HKD/AUD market rate is and represents how many Australian dollar you can get for one Hong Kong dollar. You can calculate with the current mid-rate using our HKD to AUD calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

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 commonly referred to as the mid-market rate.

Getting a great HKD to AUD 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 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 calculator to convert 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 mid-rate calculator

1 HKD equals

Compare rates for: Currency Exchange or Foreign Transfers
Loading HKD/AUD Chart

Hong Kong dollar - market update

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 - market update

Against the US dollar, having climbed to a 28-month high above 0.81 in early September, the Australian dollar spent much of the next three months losing value. AUD fell roughly six cents by early December to 0.75 but fortunately was able to piggyback off an impressive year-end rally in commodities. The commodities-sensitive Australian currency rose steadily in the final three weeks of the year along with the price of oil, which breached $60 per barrel for the first time since 2015; copper, which had its best December in three decades; and iron ore, which remains Australia’s largest export and which rose to a 16-week high. AUD/USD ended the year up 8.4%.

In 2018/19, the “Aussie” is set for a double-digit fall to just 68 US cents – a level unseen since 2009 – according to Westpac. In a note to clients in December, Westpac cited the reduced attractiveness of Australian yields as its reason for pessimism. A decade ago the benchmark interest rate in Australia stood 300 basis points above that in the US. Following the Federal Reserve’s December increase in US rates, Australia’s long-held rate premium has now completely evaporated, reducing the attractiveness of AUD.

A lower AUD will please exporters and those at Australia’s central bank. Recent RBA statements have said that the currency’s appreciation in 2017 will “contribute to subdued price pressures in the economy” and will weigh on the “outlook for output and employment.”

Against the New Zealand dollar, AUD fell back from October's high of 1.129 to 1.1 by year-end for a 5.9% gain on the year.

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