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Best Exchange Rates

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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
Foreign Transfer Providers
Ratings & Reviews
Receive CAD($)Exchange RateFee HKDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
8,400 CAD0.16800.41%Bank Transfers - Online & Phone1-2 days
 
OFX logo
8,270 CAD0.16540 for BER users (normally $60)1.96%Bank Transfers - Online & Phone1-2 days
DBS Bank logo
8,181.81 CAD0.1638503%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
8,096 CAD0.1621554.02%Online, Branch, Bank Transfers2-3 days
HSBC logo
8,072.06 CAD0.1617$804.3%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
8,033.07 CAD0.1607124.77%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:
Exchange Rate:0.1680 (0.41% from mid-rate)
CAD amount:8,400 CAD
Total Cost:0.41%
Time:1:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
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:0.1654 (1.96% from mid-rate)
CAD amount:8,270 CAD
Total Cost:1.96%
Difference:
$130 less than using WorldFirst
Time:
Rate Fetched: Mon Feb 18 2019 00:16:09 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
DBS Bank: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1638 (2.9% from mid-rate)
CAD amount:8,181.81 CAD
Total Cost:3%
Difference:
$218 less than using WorldFirst
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo

Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1625 (3.68% from mid-rate)
CAD amount:8,096 CAD
Total Cost:4.02%
Difference:
$304 less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
HSBC: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1617 (4.15% from mid-rate)
CAD amount:8,072.06 CAD
Total Cost:4.3%
Difference:
$328 less than using WorldFirst
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Citibank: Foreign Transfer HKD→CAD
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1607 (4.74% from mid-rate)
CAD amount:8,033.07 CAD
Total Cost:4.77%
Difference:
$367 less than using WorldFirst
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated as financial payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019

1 HKD = 0.1686 CAD

This is the current HKD-CAD mid-market exchange rate. 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.

3 Month Chart
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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

27-January-19: 2018 was a reasonable year for the Hong Kong dollar. Against a basket of major currencies, HKD appreciated by 4 percent, which was much better than a near-10 percent loss in 2017. It was, though, something of a stuttering end to 2018 and HKD has had mixed fortunes in early 2019.

As is well known, HKD follows, to a large extent, developments in US monetary policy. In December, after lifting US interest rates, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for HKD pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the US economy is likely to weigh on USD [and therefore HKD] in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that USD, and therefore HKD, would soon “embark on a gradual long-term bearish trend.”

Canadian Dollar (CAD) - Market news and forecasts

7-February-19: January was a fantastic month for the Canadian dollar. A gain of 4 percent relative to the US dollar took USD/CAD away from 19-month highs near C$1.365 into the low C$1.31s.

A recovery in the oil market has played a big part in the loonie’s 2019 recovery. By the time of this report, oil had gained nearly $12 per barrel, or 23 percent, on 2018 lows. The price of oil remains vital to Canada’s economy; it had fallen by as much as 40 percent in the October-December period.

Going forward, risks to the Canadian dollar include, of course, oil, and the return of global trade tensions.

Towards the end of 2018, Goldman Sachs predicted a strong energy market rebound in 2019 — more so than has already been realised — and this would underpin Canada’s currency.

In February, Westpac reaffirmed its view that the Canadian dollar would be an outperformer in 2019. Canada’s growth picture is more secure than those of the eurozone, UK or Australia, Westpac believes, and as a result, the Bank of Canada will be more hawkish this year relative to other G10 central banks, driving CAD appreciation.

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