HKD/CAD update & alerts
1 HKD = 0.1693 CAD
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HKD/CAD Exchange Rates and Providers Compared
This guide to the Hong Kong Dollar to Canadian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and HKD to CAD 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 HKD/CAD 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 HKD/CAD International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Providers | Receive CAD(C$) | Exchange Rate | Fee HKD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | C$8,425 | 0.1685 | 0 | 0.47% | |
 | C$8,245 | 0.1649 | 0 for BER users (normally $15) | 2.6% | |
Banks - Average Rate    Average Bank Rate | C$8,067 | 0.1615 | 55 | 4.7% |
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 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.
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.
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.
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