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Compare Online AUD/HKD travel money rates

Find the best online currency exchange rates (Australian Dollar to Hong Kong Dollar cash)


1 AUD = 5.5421 HKD

This is the current AUD-HKD mid-market exchange rate. The Total Cost of buying foreign currency in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-HKD exchange rate.

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Currency news and forecasts for Australian Dollar and Hong Kong Dollar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs HKD, you should pay attention to both Australian Dollar and Hong Kong Dollar news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Hong Kong Dollar (HKD) - Market news and forecasts

Against a basket of currencies, on the last day of February, the Hong Kong dollar was flat on the year; however, it was worth 9 percent more than its lowest level from 2018. An increase of 1.7 percent would have HKD trading at its highest level in nearly two years.

Notable HKD exchange rates in late February included GBP/HKD and CNY/HKD, which rose to 7-month highs (HKD lows) of 10.479 and 1.175, and HKD/JPY, which rose to a 2-month high of 14.2.

HKD rallied strongly between May and November of last year, but has stuttered since December following dovish developments on US monetary policy, which Hong Kong's central bank follows in order to maintain the USD/HKD currency peg. In December, the Fed lowered its expectations for 2019 interest rate hikes due to so-called “cross currents” (the global economy, Brexit and trade tensions).

In early 2019, analysts were downbeat on HKD’s prospects.

“A slowdown in the US economy is likely to weigh on USD [and therefore HKD] in the second half of this year,” CIBC researchers said.

Of the same opinion was ING, which argued that USD, and therefore HKD, would soon “embark on a gradual long-term bearish trend.”

Sorry, our travel money calculators are currently only available for comparing exchange rates rates for buying foreign cash and travel money in Australia, Canada, France, Germany, Netherlands, New Zealand, United Kingdom and the USA.

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