AUD/HKD Exchange Rates and Providers Compared
This guide to the Australian Dollar to Hong Kong Dollar exchange rate with
90-day chart & alerts ,
historic rates ,
forecasts
and AUD to HKD comparison tables for
foreign transfers and
travel money
rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins
with the AUD/HKD Calculator .
Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/HKD International Money Transfers. Costs are calculated against the current interbank mid-rate.
AUD to HKD International Money Transfers Foreign Transfer Providers Receive HKD($) Exchange RateFee AUD Total Cost Deal Links
52,046 HKD Best Overall
5.2046 0 2.1%
52,098 HKD 52 HKD
5.2098 0^ 2%
52,894 HKD 848 HKD
5.2894 0 0.5%
53,042 HKD 996 HKD
5.3148 20 0.22%
51,387 HKD 659 HKD
5.148 18 3.34% BankSA International Money Transfers
51,196 HKD 850 HKD
5.1299 20.01 3.69% Bank of Melbourne International Money Transfers
51,191 HKD 855 HKD
5.1299 21 3.7%
Average Bank Rate
51,089 HKD 957 HKD
5.1189 15 3.9%
50,987 HKD 1,059 HKD
5.114 30 4.09%
50,721 HKD 1,325 HKD
5.0833 22 4.59%
50,153 HKD 1,893 HKD
5.0183 6 5.66%
50,033 HKD 2,013 HKD
5.0133 20 5.88%
TorFX: Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 0 Exchange Rate: 5.2046 (2.1% from mid-rate) To Amount: 52,046 HKD Total Cost: 2.1% Time: 8:00 Local Transfer Speed: 1-2 days Services: Bank Transfers - Online & Phone Rating: : 4.7/5.0 Reviews:
OFX (OzForex): Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K) Exchange Rate: 5.2098 (2% from mid-rate) To Amount: 52,098 HKD Total Cost: 2% Difference: 52 HKD more than using
TorFX Time: Rate Fetched: Tue Sep 24 2019 08:00:23 GMT+0000 (UTC)
Transfer Speed: 1-2 days Services: Bank Transfers - Online & Phone, Foreign Currency Accounts Rating: : 4.8/5.0 Reviews:
WorldFirst: Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: Exchange Rate: 5.2894 (0.5% from mid-rate) To Amount: 52,894 HKD Total Cost: 0.5% Difference: 848 HKD more than using
TorFX Time: 8:00 Local Transfer Speed: 1-2 days Services: Bank Transfers - Online & Phone, Foreign Currency Accounts Rating: : 4.6/5.0 Reviews:
Westpac: Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 20 Exchange Rate: 5.3148 (0.02% from mid-rate) To Amount: 53,042 HKD Total Cost: 0.22% Difference: 996 HKD more than using
TorFX Time: Rate Fetched:
website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 2/5.0 Reviews:
ANZ Bank: Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 18 Exchange Rate: 5.148 (3.16% from mid-rate) To Amount: 51,387 HKD Total Cost: 3.34% Difference: 659 HKD less than using
TorFX Time: Rate Fetched:
website - Tue Sep 24 2019 07:03:05 GMT+0000 (UTC)
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 3/5.0 Reviews:
BankSA: Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 20.01 Exchange Rate: 5.1299 (3.5% from mid-rate) To Amount: 51,196 HKD Total Cost: 3.69% Difference: 850 HKD less than using
TorFX Time: Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : /5.0 Reviews:
Bank of Melbourne: Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 21 Exchange Rate: 5.1299 (3.5% from mid-rate) To Amount: 51,191 HKD Total Cost: 3.7% Difference: 855 HKD less than using
TorFX Time: Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : /5.0 Reviews:
Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 15 Exchange Rate: 5.1654 (2.83% from mid-rate) To Amount: 51,089 HKD Total Cost: 3.9% Difference: 957 HKD less than using
TorFX Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers
Bank of Queensland: Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 30 Exchange Rate: 5.1140 (3.8% from mid-rate) To Amount: 50,987 HKD Total Cost: 4.09% Difference: 1,059 HKD less than using
TorFX Time: Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 3/5.0 Reviews:
National Australia Bank (nab): Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 22 Exchange Rate: 5.0833 (4.38% from mid-rate) To Amount: 50,721 HKD Total Cost: 4.59% Difference: 1,325 HKD less than using
TorFX Time: Rate Fetched:
website - Tue Sep 24 2019 07:05:02 GMT+0000 (UTC)
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 2.1/5.0 Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 6 Exchange Rate: 5.0183 (5.6% from mid-rate) To Amount: 50,153 HKD Total Cost: 5.66% Difference: 1,893 HKD less than using
TorFX Time: Rate Fetched:
website - Tue Sep 24 2019 07:02:02 GMT+0000 (UTC)
Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 1.2/5.0 Reviews:
St George Bank: Foreign Transfer AUD→HKD From Amount: 10,000 AUD Fee: 20 Exchange Rate: 5.0133 (5.69% from mid-rate) To Amount: 50,033 HKD Total Cost: 5.88% Difference: 2,013 HKD less than using
TorFX Time: Transfer Speed: 2-3 days Services: Online, Branch, Bank Transfers Rating: : 1/5.0 Reviews:
Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.
Hong Kong dollar Travel Money Travel Money Providers Amount HKD($) Exchange RateFee AUD Total Cost Deal Links
5,261.65 HKD
5.3148 A$10 1.02%
5,129.9 HKD 132 HKD
5.1299 $0 BPay, Card 0.72%-1% 3.5%
5,104.3 HKD 157 HKD
5.1043 A$0 3.98%
5,096.52 HKD 165 HKD
5.148 A$10 4.13%
Bank of Melbourne Foreign Currency
5,052.95 HKD 209 HKD
5.1299 A$15 4.95%
BankSA Foreign Currency
5,052.95 HKD 209 HKD
5.1299 A$15 4.95%
Average Bank Rate
5,052 HKD 210 HKD
5.1136 10 4.97%
4,982.18 HKD 279 HKD
5.0325 10 6.28%
4,976.6 HKD 285 HKD
4.9766 $0 BPay, Card 0.72%-1% 6.38%
4,972.27 HKD 289 HKD
5.0225 A$10 6.47%
4,942.24 HKD 319 HKD
5.0175 A$15 7.03%
Westpac: Travel Money AUD→HKD From Amount: 1,000 AUD Fee: A$10 AUD (1%) Exchange Rate: 5.3148 (0.02% from mid-rate) To Amount: 5,261.65 HKD Total Cost: 1.02% Time: Rate Fetched:
website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services: Branch Delivery/Collect: - Rating: : 2/5.0 Reviews:
Australia Post: Travel Money AUD→HKD From Amount: 1,000 AUD Fee: $0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit Exchange Rate: 5.1299 (3.5% from mid-rate) To Amount: 5,129.9 HKD Total Cost: 3.5% Time: 8:00 Local Currency Services: Online order, Branch pickup, $10 fee for orders under $1000 Delivery/Collect: 2-3 days Rating: : 4/5.0 Reviews:
Travel Money Oz: Travel Money AUD→HKD From Amount: 1,000 AUD Fee: A$0 AUD (0 BPay, Credit Card 1%) Exchange Rate: 5.1043 (3.98% from mid-rate) To Amount: 5,104.3 HKD Total Cost: 3.98% Time: Rate Fetched: 8:00 Local
Currency Services: Online order, Branch pickup Delivery/Collect: 3-5 days Rating: : 4.2/5.0 Reviews:
ANZ Bank: Travel Money AUD→HKD From Amount: 1,000 AUD Fee: A$10 AUD (1%) Exchange Rate: 5.148 (3.16% from mid-rate) To Amount: 5,096.52 HKD Total Cost: 4.13% Time: Rate Fetched:
website - Tue Sep 24 2019 07:03:05 GMT+0000 (UTC)
Currency Services: Branch Delivery/Collect: - Rating: : 3/5.0 Reviews:
Bank of Melbourne: Travel Money AUD→HKD From Amount: 1,000 AUD Fee: A$15 AUD (Minimum fee) Exchange Rate: 5.1299 (3.5% from mid-rate) To Amount: 5,052.95 HKD Total Cost: 4.95% Time: Currency Services: Branch Delivery/Collect: - Rating: : /5.0 Reviews:
BankSA: Travel Money AUD→HKD From Amount: 1,000 AUD Fee: A$15 AUD (Minimum fee) Exchange Rate: 5.1299 (3.5% from mid-rate) To Amount: 5,052.95 HKD Total Cost: 4.95% Time: Currency Services: Branch Delivery/Collect: - Rating: : /5.0 Reviews:
Travel Money AUD→HKD From Amount: 1,000 AUD Fee: 10 Exchange Rate: 5.0530 (4.95% from mid-rate) To Amount: 5,052 HKD Total Cost: 4.97% Currency Services: Branch Delivery/Collect: -
National Australia Bank (nab): Travel Money AUD→HKD From Amount: 1,000 AUD Fee: 10 Exchange Rate: 5.0325 (5.33% from mid-rate) To Amount: 4,982.18 HKD Total Cost: 6.28% Time: Currency Services: Branch Delivery/Collect: - Rating: : 2.1/5.0 Reviews:
Travelex Online AU: Travel Money AUD→HKD From Amount: 1,000 AUD Fee: $0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit Exchange Rate: 4.9766 (6.38% from mid-rate) To Amount: 4,976.6 HKD Total Cost: 6.38% Time: Rate Fetched: Tue Sep 24 2019 08:00:05 GMT+0000 (UTC)
Currency Services: FREE Home delivery & Branch pickup Delivery/Collect: 2-3 days Rating: : 4.3/5.0 Reviews:
Commonwealth Bank (CBA): Travel Money AUD→HKD From Amount: 1,000 AUD Fee: A$10 AUD (1%) Exchange Rate: 5.0225 (5.52% from mid-rate) To Amount: 4,972.27 HKD Total Cost: 6.47% Time: Rate Fetched:
website - Tue Sep 24 2019 07:02:02 GMT+0000 (UTC)
Currency Services: Branch Delivery/Collect: - Rating: : 1.2/5.0 Reviews:
St George Bank: Travel Money AUD→HKD From Amount: 1,000 AUD Fee: A$15 AUD (Minimum fee) Exchange Rate: 5.0175 (5.62% from mid-rate) To Amount: 4,942.24 HKD Total Cost: 7.03% Time: Currency Services: Branch Delivery/Collect: - Rating: : 1/5.0 Reviews:
AUD / HKD converter & margin calculator
AUD : Australian Dollar USD : United States Dollar GBP : Pound Sterling EUR : Euro HKD : Hong Kong Dollar IDR : Indonesian Rupiah INR : Indian Rupee JPY : Japanese Yen MYR : Malaysian Ringgit NZD : New Zealand Dollar SGD : Singapore Dollar THB : Thai Baht AED : United Arab Emirates AFN : Afghan Afghani ALL : Albanian Lek AMD : Armenian Dram ANG : Netherlands Antillea AOA : Angolan Kwanza ARS : Argentine Peso AUD : Australian Dollar AWG : Aruban Florin AZN : Azerbaijani Manat BAM : Bosnia-Herzegovina C BBD : Barbadian Dollar BDT : Bangladeshi Taka BGN : Bulgarian Lev BHD : Bahraini Dinar BIF : Burundian Franc BMD : Bermudan Dollar BND : Brunei Dollar BOB : Bolivian Boliviano BRL : Brazilian Real BSD : Bahamian Dollar BTC : Bitcoin BTN : Bhutanese Ngultrum BWP : Botswanan Pula BYR : Belarusian Ruble BZD : Belize Dollar CAD : Canadian Dollar CDF : Congolese Franc CHF : Swiss Franc CLP : Chilean Peso CNY : Chinese Yuan COP : Colombian Peso CUP : Cuban Peso CVE : Cape Verdean Escudo CZK : Czech Republic Korun DJF : Djiboutian Franc DKK : Danish Krone DOP : Dominican Peso DZD : Algerian Dinar EGP : Egyptian Pound ETB : Ethiopian Birr ETH : Etherium EUR : Euro FJD : Fijian Dollar FKP : Falkland Islands Pou GBP : British Pound Sterli GEL : Georgian Lari GHS : Ghanaian Cedi GIP : Gibraltar Pound GMD : Gambian Dalasi GNF : Guinean Franc GTQ : Guatemalan Quetzal GYD : Guyanaese Dollar HKD : Hong Kong Dollar HNL : Honduran Lempira HRK : Croatian Kuna HTG : Haitian Gourde HUF : Hungarian Forint IDR : Indonesian Rupiah ILS : Israeli New Sheqel INR : Indian Rupee IQD : Iraqi Dinar IRR : Iranian Rial ISK : Icelandic Krona JMD : Jamaican Dollar JOD : Jordanian Dinar JPY : Japanese Yen KES : Kenyan Shilling KGS : Kyrgystani Som KHR : Cambodian Riel KMF : Comorian Franc KPW : North Korean Won KRW : South Korean Won KWD : Kuwaiti Dinar KYD : Cayman Islands Dolla KZT : Kazakhstani Tenge LAK : Laotian Kip LBP : Lebanese Pound LKR : Sri Lankan Rupee LRD : Liberian Dollar LSL : Lesotho Loti LTL : Lithuanian Litas LVL : Latvian Lats LYD : Libyan Dinar MAD : Moroccan Dirham MDL : Moldovan Leu MGA : Malagasy Ariary MKD : Macedonian Denar MMK : Myanma Kyat MNT : Mongolian Tugrik MOP : Macanese Pataca MRO : Mauritanian Ouguiya MUR : Mauritian Rupee MVR : Maldivian Rufiyaa MWK : Malawian Kwacha MXN : Mexican Peso MYR : Malaysian Ringgit MZN : Mozambican Metical NAD : Namibian Dollar NGN : Nigerian Naira NOK : Norwegian Krone NPR : Nepalese Rupee NZD : New Zealand Dollar OMR : Omani Rial PAB : Panamanian Balboa PEN : Peruvian Nuevo Sol PGK : Papua New Guinean Ki PHP : Philippine Peso PKR : Pakistani Rupee PLN : Polish Zloty PYG : Paraguayan Guarani QAR : Qatari Rial RON : Romanian Leu RSD : Serbian Dinar RUB : Russian Ruble RWF : Rwandan Franc SAR : Saudi Riyal SBD : Solomon Islands Doll SCR : Seychellois Rupee SDG : Sudanese Pound SEK : Swedish Krona SGD : Singapore Dollar SHP : Saint Helena Pound SLL : Sierra Leonean Leone SOS : Somali Shilling SRD : Surinnse Dollar SYP : Syrian Pound SZL : Swazi Lilangeni THB : Thai Baht TJS : Tajikistani Somoni TMT : Turkmenistani Manat TND : Tunisian Dinar TOP : Tongan Paanga TRY : Turkish Lira TTD : Trinidad and Tobago TWD : New Taiwan Dollar TZS : Tanzanian Shilling UAH : Ukrainian Hryvnia UGX : Ugandan Shilling USD : United States Dollar UYU : Uruguayan Peso UZS : Uzbekistan Som VND : Vietnamese Dong VEF : Venezuelan bolívar VUV : Vanuatu Vatu WST : Samoan Tala XAF : Central African Fran XCD : East Caribbean Dolla XDR : Special Drawing Righ XOF : West African Franc XPF : CFP Franc XRP : Ripple YER : Yemeni Rial ZAR : South African Rand ZMW : Zambian Kwacha ZWL : Zimbabwean Dollar BTC : Bitcoin ETH : Ethereum XRP : Ripple
AUD : Australian Dollar USD : United States Dollar GBP : Pound Sterling EUR : Euro HKD : Hong Kong Dollar IDR : Indonesian Rupiah INR : Indian Rupee JPY : Japanese Yen MYR : Malaysian Ringgit NZD : New Zealand Dollar SGD : Singapore Dollar THB : Thai Baht AED : United Arab Emirates AFN : Afghan Afghani ALL : Albanian Lek AMD : Armenian Dram ANG : Netherlands Antillea AOA : Angolan Kwanza ARS : Argentine Peso AUD : Australian Dollar AWG : Aruban Florin AZN : Azerbaijani Manat BAM : Bosnia-Herzegovina C BBD : Barbadian Dollar BDT : Bangladeshi Taka BGN : Bulgarian Lev BHD : Bahraini Dinar BIF : Burundian Franc BMD : Bermudan Dollar BND : Brunei Dollar BOB : Bolivian Boliviano BRL : Brazilian Real BSD : Bahamian Dollar BTC : Bitcoin BTN : Bhutanese Ngultrum BWP : Botswanan Pula BYR : Belarusian Ruble BZD : Belize Dollar CAD : Canadian Dollar CDF : Congolese Franc CHF : Swiss Franc CLP : Chilean Peso CNY : Chinese Yuan COP : Colombian Peso CUP : Cuban Peso CVE : Cape Verdean Escudo CZK : Czech Republic Korun DJF : Djiboutian Franc DKK : Danish Krone DOP : Dominican Peso DZD : Algerian Dinar EGP : Egyptian Pound ETB : Ethiopian Birr ETH : Etherium EUR : Euro FJD : Fijian Dollar FKP : Falkland Islands Pou GBP : British Pound Sterli GEL : Georgian Lari GHS : Ghanaian Cedi GIP : Gibraltar Pound GMD : Gambian Dalasi GNF : Guinean Franc GTQ : Guatemalan Quetzal GYD : Guyanaese Dollar HKD : Hong Kong Dollar HNL : Honduran Lempira HRK : Croatian Kuna HTG : Haitian Gourde HUF : Hungarian Forint IDR : Indonesian Rupiah ILS : Israeli New Sheqel INR : Indian Rupee IQD : Iraqi Dinar IRR : Iranian Rial ISK : Icelandic Krona JMD : Jamaican Dollar JOD : Jordanian Dinar JPY : Japanese Yen KES : Kenyan Shilling KGS : Kyrgystani Som KHR : Cambodian Riel KMF : Comorian Franc KPW : North Korean Won KRW : South Korean Won KWD : Kuwaiti Dinar KYD : Cayman Islands Dolla KZT : Kazakhstani Tenge LAK : Laotian Kip LBP : Lebanese Pound LKR : Sri Lankan Rupee LRD : Liberian Dollar LSL : Lesotho Loti LTL : Lithuanian Litas LVL : Latvian Lats LYD : Libyan Dinar MAD : Moroccan Dirham MDL : Moldovan Leu MGA : Malagasy Ariary MKD : Macedonian Denar MMK : Myanma Kyat MNT : Mongolian Tugrik MOP : Macanese Pataca MRO : Mauritanian Ouguiya MUR : Mauritian Rupee MVR : Maldivian Rufiyaa MWK : Malawian Kwacha MXN : Mexican Peso MYR : Malaysian Ringgit MZN : Mozambican Metical NAD : Namibian Dollar NGN : Nigerian Naira NOK : Norwegian Krone NPR : Nepalese Rupee NZD : New Zealand Dollar OMR : Omani Rial PAB : Panamanian Balboa PEN : Peruvian Nuevo Sol PGK : Papua New Guinean Ki PHP : Philippine Peso PKR : Pakistani Rupee PLN : Polish Zloty PYG : Paraguayan Guarani QAR : Qatari Rial RON : Romanian Leu RSD : Serbian Dinar RUB : Russian Ruble RWF : Rwandan Franc SAR : Saudi Riyal SBD : Solomon Islands Doll SCR : Seychellois Rupee SDG : Sudanese Pound SEK : Swedish Krona SGD : Singapore Dollar SHP : Saint Helena Pound SLL : Sierra Leonean Leone SOS : Somali Shilling SRD : Surinnse Dollar SYP : Syrian Pound SZL : Swazi Lilangeni THB : Thai Baht TJS : Tajikistani Somoni TMT : Turkmenistani Manat TND : Tunisian Dinar TOP : Tongan Paanga TRY : Turkish Lira TTD : Trinidad and Tobago TWD : New Taiwan Dollar TZS : Tanzanian Shilling UAH : Ukrainian Hryvnia UGX : Ugandan Shilling USD : United States Dollar UYU : Uruguayan Peso UZS : Uzbekistan Som VND : Vietnamese Dong VEF : Venezuelan bolívar VUV : Vanuatu Vatu WST : Samoan Tala XAF : Central African Fran XCD : East Caribbean Dolla XDR : Special Drawing Righ XOF : West African Franc XPF : CFP Franc XRP : Ripple YER : Yemeni Rial ZAR : South African Rand ZMW : Zambian Kwacha ZWL : Zimbabwean Dollar BTC : Bitcoin ETH : Ethereum XRP : Ripple
Australian Dollar
Hong Kong Dollar
1 AUD 5.3157 HKD
5 AUD 26.58 HKD
10 AUD 53.16 HKD
20 AUD 106.31 HKD
50 AUD 265.79 HKD
100 AUD 531.57 HKD
250 AUD 1,328.93 HKD
500 AUD 2,657.85 HKD
1,000 AUD 5,315.70 HKD
2,000 AUD 10,631.40 HKD
5,000 AUD 26,578.50 HKD
10,000 AUD 53,157.00 HKD
50,000 AUD 265,785.00 HKD
100,000 AUD 531,570.00 HKD
See more
AUD/HKD - Historical Trends
This table shows historic rates and trends of Australian Dollar to Hong Kong Dollar over periods upto 10 years.
Period Change* AUD/HKD Date 7 Day -1% 5.3654 16 Sep 2019 30 Day +0.3% 5.2957 24 Aug 2019 3 Month -2.3% 5.4366 25 Jun 2019 1 Year -6.6% 5.6834 23 Sep 2018 5 Year -22.8% 6.8814 24 Sep 2014 10 Year -20.8% 6.7070 25 Sep 2009
* For period to 23-Sep 21UTC when AUD/HKD was 5.3091
You can use our AUD interactive charts to check AUDHKD historic trends.
Get a Better FX Deal when you Send and Spend Abroad.
AUD and HKD in the Markets
When determining the best time to make a foreign exchange transaction, in this case the AUD vs HKD, you should pay attention to the recent market trends for both currencies.
Australian Dollar (AUD) In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".
Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.
Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.
AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.
Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.
Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.
Read more in the article AUD Forecasts .
Hong Kong Dollar (HKD) The Hong Kong dollar has gained value in 2019 despite the recent protests and also serious escalation in US-China trade tensions, mainly because the US dollar, to which HKD is pegged, is attracting safe-haven inflows. By May-17, against a basket of important currencies, HKD was worth 2 percent more year-to-date, and was only 0.5 percent away from making a 2-year high.
HKD was doing particularly well against the Australian dollar. It was, at the time of writing, valued 18 percent higher than 2018 lows against AUD and needed only a further 2.3 percent to reach a 10-year high. Though HKD was meeting significant resistance in mid-May at the 5.4 per AUD level, a break of this could spark significant appreciation.
Read more in the article HKD Forecasts .
Why can't I just get the AUD/HKD market rate I see online or in the media?
The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between
the last rate at which the AUD / HKD was traded (bought or sold) in the international markets.
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).
Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.
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 foreign transfer and travel money/cards comparison calculators
make shopping around easy and help you calculate how much you can save.
Australia (AUD)
Christmas Island (AUD)
Cocos Keeling Islands (AUD)
Heard And McDonald Islands (AUD)
Hong Kong (HKD)
Kiribati (AUD)
Nauru (AUD)
Norfolk Island (AUD)
Tuvalu (AUD)