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Foreign Exchange Guide to Hong Kong

Read this currency guide to Hong Kong with money transfer and travel tips.   [USD/HKD=7.8149]

Hong Kong
Country Code:
HK
Domestic Currency:
Hong Kong Dollar
Symbol - Code:
$ HKD
Telephone Prefix:
+852

This is a foreign exchange guide to Hong Kong, the Hong Kong Dollar currency plus HKD transfers and travel tips.


In this Hong Kong currency guide we take a look at :

  1. Hong Kong Dollar info - general info about the Hong Kong Dollar
  2. Hong Kong Dollar in the markets - recent HKD moves and predictions from the FX markets
  3. Travelling in Hong Kong - currency & money saving tips
  4. Buying Hong Kong Dollar cash online - travel money for Hong Kong
  5. Sending money to Hong Kong - save on Hong Kong Dollar bank transfers to Hong Kong
  6. Hong Kong Dollar exchange rates - latest & historic exchange rates.

Hong Kong Dollar (HKD) general currency information


What is the Hong Kong Dollar currency code and symbol?

The three letter currency code for the Hong Kong Dollar is HKD and the symbol is $.


Which countries use the Hong Kong Dollar?

It is the domestic currency in Hong Kong.

Representing a little less than 2% of the foreign exchange market daily turnover, the Hong Kong dollar is the world’s thirteenth most traded currency. It is subdivided into 100 cents.

The Hong Kong dollar has been pegged to the US dollar since 1983 and the USD/HKD exchange rate has been limited to a range of 7.75 to 7.85 since 2005. The Hong Kong dollar’s peg is backed by one of the world's largest foreign exchange reserves (Hong Kong’s official reserves in 2016 were worth US$360 billion).

Hong Kong dollars are issued by the country’s government, but also by three local banks – HSBC, Standard Chartered and Bank of China – providing those banks have on deposit the US dollar equivalent of what they print.

The Hong Kong dollar reached an all-time low against the US dollar in September 1983 when USD/HKD reached 9.6 (HKD/USD 0.104), and its all-time high came in March 1978 when USD/HKD traded at just 4.6 (HKD/USD 0.217).


Hong Kong Dollar (HKD) in the markets

2018 has been a good year for the Hong Kong dollar, as it has been for the US dollar, to which it is pegged.

Entering the third week of November 2018, HKD’s year-to-date gains over six of the seven non-USD majors averaged 5.4 percent. HKD was unchanged against the yen.

At different times in 2018, HKD has benefitted from Brexit uncertainty in Europe, from inactivity on monetary policy in Oceania, and a recent collapse in the oil market, which saw its value rise against petro-currencies.

Seasonality becomes an important supporting factor for HKD approaching year-end, and especially in November. Since 2010, HKD has averaged trade-weighted gains of 1.8 percent in November and 0.2 percent in December.

By way of its USD forecasts, Citibank said in September that HKD would gain 3-4 percent over a 6-12-month period; however, gains would be followed by an 11 percent loss in the long term.

Like Citi, ING remain long-term bearish on USD and HKD. ING isn't ruling out interventions from Washington aimed at weakening the greenback. President Trump clearly would like a far weaker currency.

J.P. Morgan said in November that USD and HKD would be worth slightly more in the first half of 2019, before weakening slightly in the second half of the year.

The interactive chart below shows the USD to HKD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-HKD 3 Month chart
USD-HKD 3 Month chart
USDHKD currency converter

Travel, Currency and Money saving tips for Hong Kong

 

Hong Kong, the grand city with an iconic skyline, a legendary cuisine kitchens, and lush, protected nature where rare birds and colourful traditions thrive. Over 70% of Hong Kong is mountains and sprawling country parks, some also home to geological and historical gems. Escape the city limits on one of the world’s smoothest transport systems and spend your day wandering in a Song-dynasty village, hiking on a deserted island or kayaking among volcanic sea arches. Underneath the glass and steel of Hong Kong’s commercial persona is a dynamic cultural landscape where its Chinese roots, colonial connections and the contributions of its home-grown talent become intertwined.

What currency should I use in Hong Kong?

ATM machines or BankAutomats are everywhere in Hong Kong. You will definitely find them at the airport, cruise ports and train stations, so you can get cash as soon as you land/arrive. You will see the familiar networks like Visa, Master Card, Cirrus, EuroCard, Plus, etc. used by most international financial institutions. Instructions will be available in English which makes it easy, and the process is exactly the same as at home.

Although many of the smaller shops in Hong Kong will give better prices if you pay in cash with local currency, most shops accept international credit cards, but some of the smaller ones do not. ... Readily accepted credit cards include American Express, Visa, and MasterCard. If you plan on using your credit card or ATM card, be sure to alert the bank that issued your card back home and let them know you will be travelling abroad and the dates of your trip to prevent them from blocking your account when they see any "transactions outside of normal range of activity".

Getting around in Hong Kong?

From the airport the Airport Express is probably the quickest and most direct way to the city, making three total stops at Tsing Yi, Kowloon and Hong Kong Stations.  Visitors using the Airport Express will most likely be interested in the Kowloon and Hong Kong Stations, which are located in the main parts of the city. Sometimes the taxi queue at Hong Kong station can be quite long, so if your hotel is near to the station in Lan Kwai Fong or Sheung Wan and you're are travelling light it might be a good idea to walk through the air-conditioned IFC.

While in Hong Kong consider using the Octopus Card. It is a stored-value smart card, similar to London’s Oyster card or Sydney's Opal card, that can be used for quick access and payment for public transportation as well as basic purchases at a many retail shops throughout Hong Kong such as 7-Eleven. It can be topped up any a large range of outlets, even McDonalds.

Public transport in Hong Kong is excellent. There are bus routes covering most of the island, frequent ferries between the islands making up the region, The Star Ferry connecting Kowloon to Hong Kong island is a considered a must see for its views. There are trains into mainland China and the superb MTR underground railway. The city is well connected by trains and great double decker buses. The drivers usually don't speak English and be prepared to sacrifice the small change because they don't return the change for the bus tickets. The cabs in Hong Kong can be expensive. There are a few bus routes that are worth seeing too.  Route 973 travels from Tsim Sha Tsui, around Kowloon, crosses the harbour and winds around the coast of Hong Kong Island to Aberdeen, Repulse Bay and terminates at Stanley Market. Up top the double decker bus this is a spectacular trip.

Travel tips for Hong Kong.

In general, Hong Kong is a very safe city by day and night. The drinking water is often not considered drinkable depending on who you talk to so bottled water is a good idea. Many free tourist maps will also show great walks through the central city that will lead you through many popular areas and help give you a good insight to the city for first time visitors.

If you prefer to stay in an Airbnb there are tons of condos for a fraction of the price available. Staying in an Airbnb will also help save money on meal costs as you can easily make breakfast before heading off exploring Hong Kong. Always always always carry an umbrella with you, the weather in Hong Kong is unpredictable. Hong Kong gets an average of 101 rainy days a year!

 

Travel money for Hong Kong

 

Save money and time by Ordering your Hong Kong Dollar online from Travelex, you get better rates and can pick up the HKD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Hong Kong Dollar otherwise you may get much worst exchange rates.

 

Compare USD to HKD Travel Money Exchange Rates vs the Banks

ProvidersAmount HKDExchange RateFee USDTotal CostReviewsDeal Links
Wells Fargo Bank logoWells Fargo Bank
$7314.92 HKD
Top Provider
7.4642$206.38%
U.S. Bank logoU.S. Bank
$7313.50 HKD
$HKD1.42 less
7.313506.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
$7314.21 HKD
$HKD0.71 less
7.3889$106.39%
Travelex Online US logoTravelex Online US
$6990.70 HKD
$HKD324 less
6.99070^10.53%
 
Wells Fargo Bank: Travel Money USD→HKD
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:7.4642 (4.47% from mid-rate)
HKD amount:$7314.92 HKD
Total Cost:6.38%
Time:6:07 Local
Rating:
: /5.0
Reviews:
U.S. Bank: Travel Money USD→HKD
USD amount:$1,000 USD
Fee:0
Exchange Rate:7.3135 (6.39% from mid-rate)
HKD amount:$7313.50 HKD
Total Cost:6.39%
Time:6:07 Local
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→HKD
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:6.8365 (12.5% from mid-rate)
HKD amount:$7314.21 HKD
Total Cost:6.39%
Travelex Online US: Travel Money USD→HKD
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:6.9907 (10.53% from mid-rate)
HKD amount:$6990.70 HKD
Total Cost:10.53%
Time:
Rate Fetched: Mon Dec 10 2018 04:00:05 GMT+0000 (UTC)
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers Get Quotes
Total Cost = provider fees + exchange rate margin vs USD/HKD mid-rate: 7.8131
Rates @ 12/10/2018
 

Hong Kong Trip Checklist    

 
  1. Compare HKD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Hong Kong
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Hong Kong

When searching around for information on how to get a good exchange rate when sending money to Hong Kong you need to start with finding out the latest Hong Kong Dollar foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).

What prime property does $US1m buy in Hong Kong?

The area (㎡) of prime property that $US1million buys in Hong Kong (Q1 2018) is 22㎡. This is compared to equivalent areas for Monaco 15㎡, New York 25㎡, London 27㎡, Singapore 37㎡, Paris 45㎡, Shanghai 50㎡, Los Angeles 58㎡, Tokyo 70㎡, Berlin 74㎡, Miami 78㎡, Mumbai 94㎡, Istanbul 110㎡, Dubai 138㎡ and San Paulo 172㎡.


Get a better deal for foreign transfers to Hong Kong

When sending money to Hong Kong it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Hong Kong Dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted HKD amount will be transfered to the recipient account you specify in Hong Kong.

Use our Send to HKD calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Hong Kong Dollar deposited into the recipient bank account and less margins and fees kept by the banks!

 

Compare USD to HKD Foreign Transfers vs the Banks

ProvidersAmount HKDExchange RateFee USDTotal CostTransfer SpeedTransfer ServicesReviewsDeal Links
OFX logoOFX
$77,818 HKD
Top Provider
7.78180^0.4%1-2 daysOnline, Bank Account to Bank Account
 
WorldFirst logoWorldFirst
$77,818 HKD7.781800.4%1-2 daysOnline, Bank Account to Bank Account
 
Wells Fargo Bank logoWells Fargo Bank
$73,755 HKD
$HKD4,063 less
7.3888185.6%2-3 daysOnline, Branch, Bank Account to Bank Account
HSBC logoHSBC
$73,702 HKD
$HKD4,116 less
7.3813$155.67%2-3 daysOnline, Branch, Bank Account to Bank Account
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
$73,252.75 HKD
$HKD4,565 less
7.3681156.24%2-3 daysOnline, Branch, Bank Account to Bank Account
Bank of America logoBank of America
$72,777 HKD
$HKD5,041 less
7.3512$1006.85%2-3 daysOnline, Branch, Bank Account to Bank Account
U.S. Bank logoU.S. Bank
$72,777 HKD
$HKD5,041 less
7.3512$1006.85%2-3 daysOnline, Branch, Bank Account to Bank Account
 
OFX: Foreign Transfer USD→HKD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:7.7818 (0.4% from mid-rate)
HKD amount:$77,818 HKD
Total Cost:0.4%
Time:
Rate Fetched: 6:07 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer USD→HKD
USD amount:$10,000 USD
Fee:
Exchange Rate:7.7818 (0.4% from mid-rate)
HKD amount:$77,818 HKD
Total Cost:0.4%
Time:6:07 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→HKD
USD amount:$10,000 USD
Fee:18
Exchange Rate:7.3888 (5.43% from mid-rate)
HKD amount:$73,755 HKD
Total Cost:5.6%
Difference:
$HKD4,063 HKD less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→HKD
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:7.3813 (5.53% from mid-rate)
HKD amount:$73,702 HKD
Total Cost:5.67%
Difference:
$HKD4,116 HKD less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→HKD
USD amount:$10,000 USD
Fee:15
Exchange Rate:7.3361 (6.11% from mid-rate)
HKD amount:$73,252.75 HKD
Total Cost:6.24%
Difference:
$HKD4,565 HKD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Bank of America: Foreign Transfer USD→HKD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:7.3512 (5.91% from mid-rate)
HKD amount:$72,777 HKD
Total Cost:6.85%
Difference:
$HKD5,041 HKD less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→HKD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:7.3512 (5.91% from mid-rate)
HKD amount:$72,777 HKD
Total Cost:6.85%
Difference:
$HKD5,041 HKD less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers Get Quotes
Total Cost = provider fees + exchange rate margin vs USD/HKD mid-rate: 7.8131
Rates @ 12/10/2018
 

Popular HKD cross rates


HKD/USD - Hong Kong Dollar to United States Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.12781 Week
09 Nov 20180.12771 Month
12 Jun 20180.12746 Months
09 Dec 20170.12811 Year
09 Dec 20160.12892 Years
10 Dec 20130.12905 Years
11 Dec 20080.129010 Years

HKD/EUR - Hong Kong Dollar to Euro - 10 Year History

DateExchange RatePeriod
02 Dec 20180.11271 Week
09 Nov 20180.11261 Month
12 Jun 20180.10856 Months
09 Dec 20170.10881 Year
09 Dec 20160.12202 Years
10 Dec 20130.09375 Years
11 Dec 20080.097110 Years

HKD/GBP - Hong Kong Dollar to British Pound Sterling - 10 Year History

DateExchange RatePeriod
02 Dec 20180.10031 Week
09 Nov 20180.09841 Month
12 Jun 20180.09536 Months
09 Dec 20170.09571 Year
09 Dec 20160.10252 Years
10 Dec 20130.07845 Years
11 Dec 20080.086310 Years

HKD/JPY - Hong Kong Dollar to Japanese Yen - 10 Year History

DateExchange RatePeriod
02 Dec 201814.54451 Week
09 Nov 201814.53311 Month
12 Jun 201814.07596 Months
09 Dec 201714.53741 Year
09 Dec 201614.82102 Years
10 Dec 201313.26945 Years
11 Dec 200811.823810 Years

HKD/AUD - Hong Kong Dollar to Australian Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.17341 Week
09 Nov 20180.17661 Month
12 Jun 20180.16836 Months
09 Dec 20170.17061 Year
09 Dec 20160.17302 Years
10 Dec 20130.14105 Years
11 Dec 20080.192410 Years

HKD/CAD - Hong Kong Dollar to Canadian Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.16951 Week
09 Nov 20180.16871 Month
12 Jun 20180.16596 Months
09 Dec 20170.16461 Year
09 Dec 20160.17002 Years
10 Dec 20130.13695 Years
11 Dec 20080.159110 Years

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