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DBS Bank CAD to HKD Exchange Rates Compared Live

The best CAD to HKD exchange rate is 5.7798. Compare DBS Bank foreign transfer and currency exchange rates, find better rates & deals.

CAD-HKD Best Exchange Rate Calculator
 

DBS Bank - Comparing CAD-HKD exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Hong Kong dollar (HKD) rates from different sources before making a conversion.

The above DBS Bank Loonie to Hong Kong dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest CAD-HKD mid-rate (see below) and the possible savings of using another provider.

 

DBS Money Transfer

DBS Bank is a Singapore-based multinational bank and is particularly popular in Singapore and the wider Southeast Asia region. The bank has a strong presence in countries such as Indonesia, Hong Kong, Taiwan, and China, where it offers a range of banking and financial services to individuals and businesses. DBS Bank has also expanded its presence in India and other parts of South Asia in recent years.

In addition to its core markets in Asia, DBS Bank has a growing presence in other regions, including the Middle East, Europe, and the Americas. The bank has established itself as a leading player in the digital banking space, with a focus on delivering innovative and user-friendly banking services to customers across multiple geographies.

DBS Bank offers international money transfer services that allow customers to send and receive funds from abroad. Customers can initiate a money transfer online or in person at a branch. DBS Bank provides fast and secure international money transfer services with competitive exchange rates and low transfer fees. The bank offers two main types of international money transfer services:

  1. DBS Remit: DBS Remit is an online money transfer service that allows customers to send money from their DBS or POSB account to another bank account overseas. The service is available in 26 currencies and allows for same-day or next-day transfers. DBS Remit also offers preferential exchange rates for selected currencies.

  2. Telegraphic transfers (TT): TT is a traditional method of sending money overseas that involves transferring funds from one bank to another via a secure telegraphic transfer. TT is available in a range of currencies and allows for both incoming and outgoing transfers.

DBS does not publish their exchange rates publicly which is frustrating. Our BER International Money Transfer partners tend to offer guaranteed transparency on all conversions.

Our research shows that on average, DBS profit margin for foreign exchange rates is somewhere between 3 - 7%, depending on the amount you're sending, where you're sending it to and which currency will be received.

When you get a quote for your Global Money Transfer from DBS on their website or in-app, you can also see the DBS exchange rate, but it can be difficult to then calculate how much you are being charged.

While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.

 
@bestfxrates : 📉 #CADHKD exchange near 7-day highs, resilient despite oil price dip. CAD buoyed by its US correlation, may face headwinds if BoC cuts rates. HKD stable, local policies & Fed's moves key. Eyes on oil for CAD impact. Market view suggests caution with potential volatility ahead. #ForexUpdate

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

Request Quotes

Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

CAD to HKD Market Data

Canadian dollar (CAD) to Hong Kong dollar (HKD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 CAD =
5.7798We compare provider deals to this wholesale mid-market rate. Read more
HKD
+0.3%
📈1W
CAD to HKD is at 7-day highs near 5.7814, just below its 3-month average, having traded in a very stable 2.8% range from 5.7426 to 5.9062
|
Sell CAD   â†’   Buy HKD
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  1 HKD = 0.1730 CAD
DateCAD/HKDChangePeriod
14 Mar 2024
5.7786
0% â–²2 Week
29 Dec 2023
5.8896
1.9% â–¼3 Month
29 Mar 2023
5.7853
0.1% â–¼1 Year
30 Mar 2019
5.8806
1.7% â–¼5 Year
31 Mar 2014
7.0161
17.6% â–¼10 Year
02 Apr 2004
5.9418
2.7% â–¼20 Year
CAD/HKD historic rates & change to 28-Mar-2024
 

What are equivalent amounts of CAD and HKD?

Here are some popular conversion amounts for CAD to HKD (Canadian dollar to Hong Kong dollar)*.

CAD HKD
C$ 1 HK$ 5.7798
C$ 5 HK$ 28.90
C$ 10 HK$ 57.80
C$ 20 HK$ 115.60
C$ 50 HK$ 288.99
C$ 100 HK$ 577.98
C$ 250 HK$ 1,445
C$ 500 HK$ 2,890
C$ 1,000 HK$ 5,780
C$ 2,000 HK$ 11,560
C$ 5,000 HK$ 28,899
C$ 10,000 HK$ 57,798
C$ 20,000 HK$ 115,596
C$ 50,000 HK$ 288,990
C$ 100,000 HK$ 577,980
CAD HKD
C$ 0.1730 HK$ 1
C$ 0.8650 HK$ 5
C$ 1.7300 HK$ 10
C$ 3.4600 HK$ 20
C$ 8.6500 HK$ 50
C$ 17.30 HK$ 100
C$ 43.25 HK$ 250
C$ 86.50 HK$ 500
C$ 173.00 HK$ 1,000
C$ 346.00 HK$ 2,000
C$ 865.00 HK$ 5,000
C$ 1,730 HK$ 10,000
C$ 3,460 HK$ 20,000
C$ 8,650 HK$ 50,000
C$ 17,300 HK$ 100,000

More amounts

*Converted at the current CADHKD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for CAD to HKD

 

The Canadian Dollar (CAD) has shown resilience despite weaknesses in oil prices, with the CAD ticking higher recently. The loonie's correlation with the US Dollar has helped it shrug off oil price drops, although the currency remains linked to oil dynamics. While optimism exists for the CAD's strength if global growth boosts demand for oil, potential interest rate cuts by the Bank of Canada could impact CAD exchange rates negatively. CIBC Capital Markets forecasts a USD/CAD exchange rate of 1.31 by the end of 2024, suggesting US Dollar strength against the Canadian Dollar, but they anticipate a potentially weaker USD in 2025, which could benefit the CAD.

Read our full review of recent CAD to HKD forecasts.

 

How to get a good CAD to HKD exchange rate

There are several ways to save on exchange rates when converting Canadian dollar to Hong Kong dollar:

  1. Shop around for the best CAD/HKD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the CAD/HKD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and HKD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Hong Kong dollar with Canadian dollar, then it's better for the CAD/HKD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Canadian dollar rise against the Hong Kong dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/HKD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Hong Kong - a practical currency and money guide to travel, living and doing business in Hong Kong with the Hong Kong dollar.

 
 
 

Currency Country Guides

CanadaCanada (CAD)Hong KongHong Kong (HKD)
 

How is the expat life in Hong Kong?

Expat life in Hong Kong can be both exciting and challenging. Hong Kong is a vibrant and fast-paced city with a rich culture, history, and a mix of modern and traditional influences. It is also a major financial and business hub in Asia.

Read more at our Hong Kong (HKD) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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