1 HKD = 0.182 CAD
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What's in this Hong Kong Dollar to Canadian Dollar guide?
To calculate your own HKD/CAD amounts use our Convert HKD to CAD quick calculator.
Comparing Foreign Exchange Providers
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, Travel Money and prepaid multi-currency Travel Card transactions.
The Exchange rate you are offered can also 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 Provider | Receive CAD(C$) | Exchange Rate | Fee HKD | Deal Links |
|---|---|---|---|---|
 | C$9,100 0.49% | 0.182 | 0 | |
 | C$8,940 2.24% | 0.1788 | 0 for BER users (normally $15) | |
Banks - Average Rate    Average bank rate | C$8,750 4.32% | 0.1752 | 55 |
Country Guides (HKD & CAD)
 Canada (CAD) |  Hong Kong (HKD) |
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)
Earlier in the year the threat of proxy war between the US and Iran in Ira helped bring on gains in the Japanese yen and US dollar plus currencies pegged to the greenback such as the Hong Kong dollar.
NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of the year if the coronavirus comes under control.
Read more in the article HKD Forecasts.
Canadian Dollar (CAD)
Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.
The threat of proxy war between the US and Iran in Iraq also 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.
Read more in the article CAD Forecasts.
How to get Best HKD to CAD Exchange Rates
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).
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.
What is a good HKD to CAD exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the HKD to CAD exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange HKD to CAD?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.
We help you Save Money on Exchange Rates.
View all HKD Exchange Rates
