1. Exchange Rates
  2. Hong Kong dollar (HKD)
  3. United States dollar (USD)

Convert HKD to USD 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 USD rate, these are :

  1. The HKD/USD 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
United States dollar 1=


Right now the HKD/USD market rate is and represents how many United States dollar you can get for one Hong Kong dollar. You can calculate with the current mid-rate using our HKD to USD 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/USD market rate I see on Google or in the Media?

When you look up the current Hong Kong dollar to United States 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 USD 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 USD 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 USD mid-rate calculator

$
$
1 HKD equals
USD 1HKD=USD

Loading HKD/USD 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.”

United States dollar - Recent Performance

The US dollar has stabilized since September having tumbled in the first eight months of the year. Within the September-December period, EUR/USD, for example, pulled back from levels above 1.20 to the mid-1.17s and USD/CAD climbed into the mid-1.28s, from the mid-1.20s. Against the Japanese yen, the dollar traded in the first week of December above 113, having been below 108 in September.

A better-than-expected US payrolls number in December affirmed investor expectations for future US interest rate hikes in December 2017 and March of 2018.

Interest rates are the principal driver of foreign exchange rates but the dollar has also been supported in recent months by Donald Trump’s planned tax cuts, which are expected to boost the US economy.

In a note to clients in December, Dutch bank ING predicted that the dollar would weaken throughout 2018. The bank forecast EUR/USD at 1.30 before 2018 was done, representing a 9.5% depreciation in the dollar's value from December 2017 rates.

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