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CAD to HKD - Rate Guide

Canadian Dollar to Hong Kong Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

CAD/HKD update & alerts

1 CAD = 5.9467 HKD

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CAD to HKD - Trading Range (90 Day)
14-DAY LOW (2d)
CAD/HKD at 5.948 is trading near the 90-day average 5.9401 with a range 5.8806 to 6.0046. There are no current rate alerts.
19-Jan-2020 16:NY 21:LON 08:SYD+1d

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CAD/HKD Exchange Rates and Providers Compared

This guide to the Canadian Dollar to Hong Kong Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and CAD to HKD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our CAD/HKD Quick 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 CAD/HKD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to HKD International Money Transfers

  

Foreign Transfer ProvidersReceive HKD(HK$)Exchange RateFee CADTotal CostDeal Links
OFX logo
HK$58,191
Best Overall
5.81910^2.14%
XE logo
HK$58,718
HK$527 more
5.871801.25%
HSBC logo
HK$56,968
HK$1,223 less
5.7054C$154.19%
TD Canada Trust logo
HK$56,629
HK$1,562 less
5.7201C$1004.76%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
HK$56,541
HK$1,650 less
5.7112C$1004.91%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
HK$56,505
HK$1,686 less
5.6978154.97%
Scotiabank logo
HK$56,483
HK$1,708 less
5.7054C$1005.01%
Royal Bank of Canada logo
HK$55,906
HK$2,285 less
5.6471C$1005.98%
 
OFX logo
OFX: Foreign Transfer CAD→HKD
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:5.8191 (2.14% from mid-rate)
To Amount (HKD) HK$58,191
Total Cost:2.14%
Time:
Rate Fetched: Mon Jan 20 2020 06:04:59 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer CAD→HKD
From Amount (CAD)C$10,000
Fee:
Exchange Rate:5.8718 (1.25% from mid-rate)
To Amount (HKD) HK$58,718
Total Cost:1.25%
Difference:
HK$527 HKD more than using OFX
Time:6:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→HKD
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:5.7054 (4.05% from mid-rate)
To Amount (HKD) HK$56,968
Total Cost:4.19%
Difference:
HK$1,223 HKD less than using OFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→HKD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:5.7201 (3.8% from mid-rate)
To Amount (HKD) HK$56,629
Total Cost:4.76%
Difference:
HK$1,562 HKD less than using OFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Coast Capital Savings logo
Coast Capital Savings: Foreign Transfer CAD→HKD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:5.7112 (3.95% from mid-rate)
To Amount (HKD) HK$56,541
Total Cost:4.91%
Difference:
HK$1,650 HKD less than using OFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer CAD→HKD
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:5.6488 (5% from mid-rate)
To Amount (HKD) HK$56,505
Total Cost:4.97%
Difference:
HK$1,686 HKD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→HKD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:5.7054 (4.05% from mid-rate)
To Amount (HKD) HK$56,483
Total Cost:5.01%
Difference:
HK$1,708 HKD less than using OFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Foreign Transfer CAD→HKD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:5.6471 (5.03% from mid-rate)
To Amount (HKD) HK$55,906
Total Cost:5.98%
Difference:
HK$2,285 HKD less than using OFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/20/2020 - See full table

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.

Travel Money ProvidersAmount HKD(HK$)Exchange RateFee CADTotal CostDeal Links
Banks - Average Rate Foreign Currency
HK$5,150.77
Compare
5.2028C$1013.38%
 
Banks - Average Rate
Travel Money CAD→HKD
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:5.2028 (12.5% from mid-rate)
To Amount (HKD) HK$5,150.77
Total Cost:13.38%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/20/2020 - See full table

CAD and HKD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs HKD, you should pay attention to the recent market trends for both currencies.

Canadian Dollar (CAD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

For more details read the full article Canadian dollar news and forecasts.

Read more in the article CAD 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 CAD/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 CAD / 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.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates