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HKD to CNY - Rate Guide

Hong Kong Dollar to Chinese Yuan exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

HKD/CNY update & alerts

1 HKD = 0.8985 CNY

Sell HKD - Buy CNY  Invert

HKD to CNY - Trading Range (90 Day)
30-DAY HIGH (3d)
90-DAY TREND: At 0.8986 HKD/CNY is trading 0.5% below the average 0.9032 with a range 0.8917 to 0.9152. There are no current alerts.
Update: 06-Dec 16:03-EST 21:03-GMT 08:03-AEDT(+1D)

More Charts

HKD/CNY Exchange Rates and Providers Compared

This guide to the Hong Kong Dollar to Chinese Yuan exchange rate with 90-day chart & alerts, historic rates, forecasts and HKD to CNY 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/CNY 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/CNY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

HKD to CNY International Money Transfers

  

Foreign Transfer ProvidersReceive CNY(¥)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
¥44,7000.89400.5%
OFX logo
¥42,7300.85460 for BER users (normally $15)4.89%
DBS Bank logo
¥42,2830.8465505.88%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
¥41,8290.8374556.89%
HSBC logo
¥41,7030.8354HK$807.17%
Citibank International Money Transfers
Citibank logo
¥41,5000.8302127.62%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 

WorldFirst logo

WorldFirst: Foreign Transfer HKD→CNY
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:0.8940 (0.5% from mid-rate)
To Amount (CNY) ¥44,700
Total Cost:0.5%
Time:1:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer HKD→CNY
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.8546 (4.89% from mid-rate)
To Amount (CNY) ¥42,730
Total Cost:4.89%
Difference:
¥1,970 CNY less than using WorldFirst
Time:
Rate Fetched: Sat Dec 07 2019 00:16:58 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logo

DBS Bank: Foreign Transfer HKD→CNY
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.8465 (5.79% from mid-rate)
To Amount (CNY) ¥42,283
Total Cost:5.88%
Difference:
¥2,417 CNY less than using WorldFirst
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer HKD→CNY
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.8396 (6.56% from mid-rate)
To Amount (CNY) ¥41,829
Total Cost:6.89%
Difference:
¥2,871 CNY less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer HKD→CNY
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.8354 (7.02% from mid-rate)
To Amount (CNY) ¥41,703
Total Cost:7.17%
Difference:
¥2,997 CNY less than using WorldFirst
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer HKD→CNY
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.8302 (7.6% from mid-rate)
To Amount (CNY) ¥41,500
Total Cost:7.62%
Difference:
¥3,200 CNY less than using WorldFirst
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

WorldRemit logo

WorldRemit: Foreign Transfer HKD→CNY
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

HKD and CNY in the Markets

When determining the best time to make a foreign exchange transaction, in this case the HKD vs CNY, 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.

 

Chinese Yuan (CNY)

In early August the offshore yuan surged to a decade high of 7.05 per US dollar, breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Increasingly, the yuan is being used as a barometer for progress made on US-China trade talks.

Trade tensions have ramped up again since May when President Trump announced higher tariffs on Chinese goods, after China retaliated with tariffs of its own, and then after Trump placed Huawei on the "entity list," thereby making it impossible for the tech giant to do business with US firms.

Why can't I just get the HKD/CNY 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 / CNY 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.

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

View all HKD Exchange Rates