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HKD/CAD - Convert Compare Save

Hong Kong Dollar to Canadian 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.

 

This resource page for the Hong Kong Dollar to Canadian Dollar exchange rate, has news, forecasts and HKD to CAD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

HKD/CAD Exchange Rates - How to Compare & Save

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 HKD/CAD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive CAD(C$)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
8,450 CAD0.16900.47%
OFX logo
8,245 CAD0.16490 for BER users (normally $15)2.89%
DBS Bank logo
8,156.84 CAD0.1633503.92%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
8,071 CAD0.1616554.94%
HSBC logo
8,047.1 CAD0.1612$805.22%
Citibank International Money Transfers
Citibank logo
8,008.08 CAD0.1602125.68%
WorldFirst: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:
Exchange Rate:0.1690 (0.47% from mid-rate)
CAD amount:8,450 CAD
Total Cost:0.47%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $15)
Exchange Rate:0.1649 (2.89% from mid-rate)
CAD amount:8,245 CAD
Total Cost:2.89%
Difference:
205 CAD less than using WorldFirst
Time:
Rate Fetched: Sun Aug 25 2019 00:16:14 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1633 (3.83% from mid-rate)
CAD amount:8,156.84 CAD
Total Cost:3.92%
Difference:
293 CAD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1620 (4.59% from mid-rate)
CAD amount:8,071 CAD
Total Cost:4.94%
Difference:
379 CAD less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1612 (5.06% from mid-rate)
CAD amount:8,047.1 CAD
Total Cost:5.22%
Difference:
403 CAD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1602 (5.65% from mid-rate)
CAD amount:8,008.08 CAD
Total Cost:5.68%
Difference:
442 CAD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

HKD to CAD interbank exchange rate = 0.17

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on HKD/CAD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

HKD and CAD in the Markets

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

 

Hong Kong Dollar (HKD)

The Hong Kong dollar has gained value in 2019 despite a 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.

 

Canadian Dollar (CAD)

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar 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.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

Why can't I just get the HKD/CAD 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 HKD / CAD 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 HKD Exchange Rates