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Compare HKD to EUR foreign transfers

Use our comparison table to find the best exchange rates for Euro 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
€EUR

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Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee HKDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
5,625 EUR0.112500.71%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
OFX logo
5,555 EUR0.11110 for BER users (normally $60)1.94%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
DBS Bank logo
5,494.5 EUR0.11503.01%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
5,437 EUR0.1088554.03%Online, Branch, Bank Transfers2-3 days
HSBC logo
5,421.31 EUR0.1086$804.3%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
5,393.71 EUR0.1079124.79%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:
Exchange Rate:0.1125 (0.71% from mid-rate)
EUR amount:5,625 EUR
Total Cost:0.71%
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→EUR
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $60)
Exchange Rate:0.1111 (1.94% from mid-rate)
EUR amount:5,555 EUR
Total Cost:1.94%
Difference:
70 EUR less than using WorldFirst
Time:
Rate Fetched: Tue Apr 23 2019 00:16:07 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→EUR
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1100 (2.91% from mid-rate)
EUR amount:5,494.5 EUR
Total Cost:3.01%
Difference:
130 EUR 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→EUR
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1091 (3.71% from mid-rate)
EUR amount:5,437 EUR
Total Cost:4.03%
Difference:
188 EUR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1086 (4.15% from mid-rate)
EUR amount:5,421.31 EUR
Total Cost:4.3%
Difference:
204 EUR 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→EUR
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1079 (4.77% from mid-rate)
EUR amount:5,393.71 EUR
Total Cost:4.79%
Difference:
231 EUR 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-EUR 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-EUR exchange rate.

Currency news and forecasts for Hong Kong Dollar and Euro

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 EUR, you should pay attention to both Hong Kong Dollar and Euro 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.

Euro (EUR) - Market news and forecasts

Against the dollar, the euro remains weak. At $1.12 in early April, the euro was barely above March’s 21-month low of $1.118. Against the pound, it traded at £0.86 (a level it never sank to in 2018), but it fared better against the Australian dollar, with EUR/AUD rates in line with 2018’s average, at A$1.578.

Euro weakness has been driven by Brexit uncertainties and has followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 as part of an effort to lift the eurozone economy out of this “period of continued [economic] weakness.”

Forecasts: ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against USD over the coming months; ANZ said it saw rates falling as low as $1.08 by mid-year; Danske Bank said the euro would trade between $1.12 and 1.16 at year-end.

For EUR/GBP, Nordea Research thinks a no-deal Brexit will put £0.95 in play, a Norway-type Brexit (“Norway plus”) or permanent customs union will lead to £0.81-0.83, and Theresa May’s deal should see £0.83-0.84.