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HKD to GBP - Rate Guide

Hong Kong Dollar to British Pound Sterling 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/GBP update & alerts

1 HKD = 0.098236 GBP

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HKD to GBP - Trading Range (90 Day)
14-DAY HIGH (4d)
HKD/GBP at 0.098066 is trading 0.5% below the 90-day average 0.098583 with a range 0.096085 to 0.1011. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

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HKD/GBP Exchange Rates and Providers Compared

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

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
£4,8800.097600.5%
OFX logo
£4,797.050.0959410 for BER users (normally $15)2.19%
DBS Bank logo
£4,746.650.095028503.22%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
£4,6960.094003554.26%
HSBC logo
£4,681.450.093779HK$804.55%
Citibank International Money Transfers
Citibank logo
£4,658.980.093202125.01%
 
WorldFirst logo
WorldFirst: Foreign Transfer HKD→GBP
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:0.097600 (0.5% from mid-rate)
To Amount (GBP) £4,880
Total Cost:0.5%
Time:1:06 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→GBP
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.095941 (2.19% from mid-rate)
To Amount (GBP) £4,797.05
Total Cost:2.19%
Difference:
£83 GBP less than using WorldFirst
Time:
Rate Fetched: Fri Jan 24 2020 00:16:15 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→GBP
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.095028 (3.12% from mid-rate)
To Amount (GBP) £4,746.65
Total Cost:3.22%
Difference:
£133 GBP 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→GBP
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.094259 (3.91% from mid-rate)
To Amount (GBP) £4,696
Total Cost:4.26%
Difference:
£184 GBP less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer HKD→GBP
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.093779 (4.39% from mid-rate)
To Amount (GBP) £4,681.45
Total Cost:4.55%
Difference:
£199 GBP less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer HKD→GBP
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.093202 (4.98% from mid-rate)
To Amount (GBP) £4,658.98
Total Cost:5.01%
Difference:
£221 GBP less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/24/2020 - See full table

HKD and GBP in the Markets

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

 

British Pound Sterling (GBP)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

Read more in the article GBP Forecasts.

Why can't I just get the HKD/GBP 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 / GBP 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