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Convert HKD to JPY at Best Exchange Rates


There are two main numbers that you need to understand if you are to have any chance of getting the best possible HKD to JPY 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
Japanese Yen 1=


Right now the HKD to JPY market 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 JPY 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/JPY market rate I see on Google or in the Media?

When you look up the current Hong Kong Dollar to Japanese Yen 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 JPY mid-rate on google

HKD to JPY mid-rate on google search

Getting a great HKD to JPY 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 JPY 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 JPY market rate calculator & info

$
¥
1 HKD equals
JPY 1HKD=JPY

Loading HKD/JPY 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.”

Japanese Yen - Recent Performance

In the fourth week of October, one dollar was buying 114 yen. USD/JPY had risen to a 3-month high (yen low) and towards the top of its recent range following Shinzo Abe’s re-election as Japanese Prime Minister. Under “Abenomics,” the Bank of Japan will likely continue with negative interest rates and massive amounts of quantitative easing. For much of the February-October period, USD/JPY traded in a large sideways channel spanning 108 and 114.5-115.

Following Abe’s election victory, EUR/JPY rose above 134 and was within striking distance of September’s high of 134.4 – a breach of which would take the yen to its weakest level against the euro in nearly two years. SGD/JPY also rose to an eighteen-month high of 83.7.

In the six weeks prior to this report, the yen had been the weakest of all G10 currencies, having lost 6% of its value since trading at 107.3 per USD on September 8th. Further to Abe’s re-election, a general reduction in risk aversion had weighed on the currency.

In September, analysts at Citi Bank, ANZ and Societe Generale predicted that the yen would weaken in the fourth quarter. The banks said that Donald Trump’s proposed tax cuts would reignite the US reflation narrative and encourage carry trades generally, which involve borrowing yen at low interest rates and exchanging them for higher-yielding currencies or assets. The banks declined from giving precise yen targets.

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