Loading...

Home pages - full list (A-Z)

Compare HKD to CAD foreign transfers

Use our comparison table to find the best exchange rates for Canadian Dollar foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$HKD
$CAD

Compare Deals
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive CAD($)Exchange RateFee HKDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
8,455 CAD0.169100.7%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
OFX logo
8,340 CAD0.16680 for BER users (normally $60)2.06%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
DBS Bank logo
8,251.74 CAD0.1652503.09%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
8,162 CAD0.1634554.14%Online, Branch, Bank Transfers2-3 days
HSBC logo
8,136.96 CAD0.163$804.44%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
8,098.06 CAD0.162124.9%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:
Exchange Rate:0.1691 (0.7% from mid-rate)
CAD amount:8,455 CAD
Total Cost:0.7%
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 $60)
Exchange Rate:0.1668 (2.06% from mid-rate)
CAD amount:8,340 CAD
Total Cost:2.06%
Difference:
115 CAD less than using WorldFirst
Time:
Rate Fetched: Tue Apr 23 2019 00:16:16 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:0.1652 (2.99% from mid-rate)
CAD amount:8,251.74 CAD
Total Cost:3.09%
Difference:
203 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:0.1639 (3.76% from mid-rate)
CAD amount:8,162 CAD
Total Cost:4.14%
Difference:
293 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:0.1630 (4.29% from mid-rate)
CAD amount:8,136.96 CAD
Total Cost:4.44%
Difference:
318 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:0.1620 (4.87% from mid-rate)
CAD amount:8,098.06 CAD
Total Cost:4.9%
Difference:
357 CAD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the HKD-CAD mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market HKD-CAD exchange rate.

Currency news and forecasts for Hong Kong Dollar and Canadian Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the HKD vs CAD, you should pay attention to both Hong Kong Dollar and Canadian 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.

Canadian Dollar (CAD) - Market news and forecasts

In the March-April period (to April-20), the Canadian dollar traded mostly sideways relative to USD, between C$1.33 and C$1.34; it was stable against EUR, at C$1.50, but against AUD it neared 15-week lows, at C$0.957.

Unlike other oil-sensitive currencies, the Canadian dollar has failed to take advantage of a thriving oil market, with the market’s attention instead turned towards the global economic slowdown and the Canadian housing market, which, according to the IMF, is now as risky as it was during the 2007-08 financial crisis.

Forecasters at RBC expect further sideways price action until mid-year, after which the loonie probably weakens modestly towards C$1.36 to the USD by year-end. 

CIBC is also predicting C$1.36 per USD in December, and sees further weakness to C$1.40 sometime in 2020 C$1.40 is an exchange rate last seen in February 2016.