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GBP to HKD - Rate Guide

British Pound Sterling 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.

 

GBP/HKD update & alerts

1 GBP = 10.1 HKD

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GBP to HKD - Trading Range (90 Day)
ALERT: 14-DAY LOWS 🔔 |
GBP/HKD at 10.09 is trading 0.4% below the 90-day average 10.13 with a range 9.5755 to 10.41. ALERT: GBP/HKD has dropped to 14-DAY LOWS.
19-Jan-2020 16:NY 21:LON 08:SYD+1d

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GBP/HKD Exchange Rates and Providers Compared

This guide to the British Pound Sterling to Hong Kong Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP 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 GBP/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 GBP/HKD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive HKD(HK$)Exchange RateFee GBPTotal CostDeal Links
OFX logo
HK$49,341
Best Overall
9.8682£0^2.39%
TorFX logo
HK$49,292
HK$49 less
9.858302.49%
WorldFirst logo
HK$50,300
HK$959 more
10.0600.49%
HSBC logo
HK$48,305
HK$1,036 less
9.6755£7.54.44%
Natwest Bank logo
HK$48,035
HK$1,306 less
9.6359154.97%
Citibank International Money Transfers
Citibank logo
HK$47,817
HK$1,524 less
9.5865125.4%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
HK$47,810
HK$1,531 less
9.5905155.42%
Santander International Money Transfers
Santander logo
HK$47,544
HK$1,797 less
9.547205.94%
Lloyds TSB logo
HK$47,347
HK$1,994 less
9.5074206.33%
 
OFX logo
OFX: Foreign Transfer GBP→HKD
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:9.8682 (2.39% from mid-rate)
To Amount (HKD) HK$49,341
Total Cost:2.39%
Time:
Rate Fetched: Sun Jan 19 2020 17:09:40 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer GBP→HKD
From Amount (GBP)£5,000
Fee:
Exchange Rate:9.8583 (2.49% from mid-rate)
To Amount (HKD) HK$49,292
Total Cost:2.49%
Difference:
HK$49 HKD less than using OFX
Time:18:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer GBP→HKD
From Amount (GBP)£5,000
Fee:
Exchange Rate:10.06 (0.49% from mid-rate)
To Amount (HKD) HK$50,300
Total Cost:0.49%
Difference:
HK$959 HKD more than using OFX
Time:18:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→HKD
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:9.6755 (4.29% from mid-rate)
To Amount (HKD) HK$48,305
Total Cost:4.44%
Difference:
HK$1,036 HKD less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→HKD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:9.6359 (4.69% from mid-rate)
To Amount (HKD) HK$48,035
Total Cost:4.97%
Difference:
HK$1,306 HKD less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→HKD
From Amount (GBP)£5,000
Fee:12
Exchange Rate:9.5865 (5.18% from mid-rate)
To Amount (HKD) HK$47,817
Total Cost:5.4%
Difference:
HK$1,524 HKD less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→HKD
From Amount (GBP)£5,000
Fee:15
Exchange Rate:9.5173 (5.86% from mid-rate)
To Amount (HKD) HK$47,810
Total Cost:5.42%
Difference:
HK$1,531 HKD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→HKD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:9.5470 (5.57% from mid-rate)
To Amount (HKD) HK$47,544
Total Cost:5.94%
Difference:
HK$1,797 HKD less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→HKD
From Amount (GBP)£5,000
Fee:20
Exchange Rate:9.5074 (5.96% from mid-rate)
To Amount (HKD) HK$47,347
Total Cost:6.33%
Difference:
HK$1,994 HKD less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/19/2020 - 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.


GBP and HKD in the Markets

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

British Pound Sterling (GBP)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

Read more in the article GBP 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 GBP/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 GBP / 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 GBP Exchange Rates