BER Benchmark: HSBC HKD FX Rates & Margins
BER Benchmark monitors HSBC exchange rates across the HKD currency corridors tracked by BER. The current average margin versus the mid-market rate is 0.87%.
This average is based on the HKD 10,000 transfer rates currently monitored by BER across the available HSBC currency corridors.
HSBC - Lowest and Highest FX Margins
BER Benchmark ranks the HSBC currency corridors currently monitored for Hong Kong dollar transfers by their margin versus the mid-market rate. The tables below highlight the lowest-margin and highest-margin corridors for a HKD 10,000 transaction.
HSBC Hong Kong transfer margins and costs
HSBC's TT buy/sell spread includes its currency-conversion pricing. BER independently compares the customer selling rate with a current market mid-rate; the measured margin can move as either source changes.
The published exchange rate is indicative and does not establish the complete cost of a particular payment. Check the confirmed rate and any transfer, correspondent or recipient-bank charges before authorising a transaction.
HSBC also publishes banknote buy and sell rates. BER excludes those cash rates here because they are not comparable with telegraphic transfers.
HSBC Hong Kong exchange-rate questions
Which rate applies when sending HKD overseas?
HSBC's TT sell quote is the price when the bank sells the destination currency. BER normalises that quote for an HKD-funded transfer.
What does the TT buy rate represent?
It applies when HSBC buys the foreign currency and provides Hong Kong dollars. BER retains that supported inbound direction separately.
Why is MYR not included?
HSBC currently publishes only one TT direction for MYR. BER requires both reviewed quote sides for this feed and therefore excludes MYR rather than estimating the missing side.
Are banknote rates included?
No. The feed is limited to telegraphic-transfer rates.
What is the
HSBC Send Money conversion rate for HKD to JPY?
The HSBC HKD to JPY exchange rate is 20.14. This is -0.79% compared to the latest HKD-JPY mid-market rate 20.30.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Hong Kong dollar (HKD) to Japanese yen (JPY) rates from different sources before making a conversion.
The above HSBC - Hong Kong dollar to Yen comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest HKD-JPY mid-rate and the possible savings of using various providers.