Hong Kong Dollar to Australian Dollar - Convert Compare Save
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
Compare HKD/AUD Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks for HKD/AUD International Money Transfers. Costs are calculated against the amount when HKD is converted to AUD at mid-rate.
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8,875 AUD
0.1775
0
0.73%
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8,780 AUD
0.1756
0 for BER users (normally $60)
1.79%
Bank Transfers - Online & Phone, Foreign Currency Accounts
Right now the HKD/AUD interbank exchange rate is 0.1796.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Australian Dollar to Hong Kong Dollar.
This HKD/AUD Converter calculates equivalent Hong Kong Dollar to Australian Dollar amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
Hong Kong Dollar to Australian Dollar (HKD-AUD) - 10 Year History
The below table shows the historic variation in the HKD/AUD exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of HKD versus other currencies : HKD historical charts.
Date
Exchange Rate
Period
14 Apr 2019
0.1778
1 Week
22 Mar 2019
0.1799
1 Month
23 Oct 2018
0.1799
6 Months
21 Apr 2018
0.1661
1 Year
21 Apr 2017
0.1705
2 Years
22 Apr 2014
0.1377
5 Years
23 Apr 2009
0.1811
10 Years
Why can't I just get the HKD/AUD market rate I see on Google or in the Media?
The HKD/AUD mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the HKD / AUD was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market HKD/AUD midrate the better deal you are getting.
The three things you need in order to get a good HKD to AUD exchange rate
Know the latest HKD/AUD market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for Hong Kong Dollar and Australian 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 HKD vs AUD, you should pay attention to both Hong Kong Dollar and Australian Dollar news and forecasts.
Hong Kong Dollar (HKD) - Market news and forecasts
On balance, the Hong Kong dollar strengthened steadily in the February-April period. By recent standards, it was particularly strong against the euro at rates near HK$8.825. It was near the weaker boundary of its US dollar trading range, at HK$7.844. Against a basket of currencies, the US dollar was up 1.5 percent on the year by April-22, implying the same year-to-date gain for HKD.
HKD’s strength comes in spite of this year’s dovish turn by the US Federal Reserve, whose actions Hong Kong’s central bank must follow. The Fed has ditched two interest rate hikes from its 2019 projections, but fortunately for holders of HKD, the rest of the world has problems too and other important central banks have also turned dovish, removing much of the incentive for selling HKD.
Based on USD research, a Bloomberg analyst warned in April of potential for a large upcoming move in HKD, up or down. Over the past quarter-century, three deep troughs in a prominent volatility index were followed by USD moves over 6-month periods worth 10-15 percent. The index in question fell in the second half of April to a 5-year low.
Australian Dollar (AUD) - Market news and forecasts
Improved risk appetite, thriving commodities markets and better data from China helped lift the Australian dollar through March and into the second half of April. Against the US dollar, the Aussie was quoted at US$0.715 on April-22.
In March, both Westpac and JP Morgan predicted an Aussie slide to US$0.68 in the second half of the year. Those banks were at least more optimistic than HSBC, which argued in April for US$0.66 based on housing market weakness, high debt-to-GDP levels and continued strength in the US dollar.
Bearishness wasn’t unanimous, though, with NAB forecasting Aussie appreciation at least until mid-year; it predicted US$0.74 by the end of June.
The RBA will be happy with a weaker currency, HSBC said. The central bank has recently shifted to a dovish bias (what should be an across-the-board negative for AUD), saying lower Australian interest rates will “likely be appropriate” if inflation doesn’t pick up.
Australia
Christmas Island
Cocos Keeling Islands
Heard And McDonald Islands
Kiribati
Nauru
Norfolk Island
Tuvalu