Loading...

Home pages - full list (A-Z)

HKD/GBP - Convert Compare Save

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.

 

This resource page for the Hong Kong Dollar to British Pound Sterling exchange rate, has news, forecasts and HKD to GBP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

HKD/GBP Exchange Rates - How to Compare & Save

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
OFX logo
5,020 GBP0.10040 for BER users (normally $15)2.24%
DBS Bank logo
4,968.18 GBP0.099463503.25%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
4,915 GBP0.098390554.29%
HSBC logo
4,899.9 GBP0.098155$804.58%
Citibank International Money Transfers
Citibank logo
4,876.43 GBP0.097552125.04%
 
OFX: Foreign Transfer HKD→GBP
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $15)
Exchange Rate:0.1004 (2.24% from mid-rate)
GBP amount:5,020 GBP
Total Cost:2.24%
Time:
Rate Fetched: Tue Jul 23 2019 00:16:11 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→GBP
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.099463 (3.15% from mid-rate)
GBP amount:4,968.18 GBP
Total Cost:3.25%
Difference:
52 GBP less than using OFX
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
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.098658 (3.94% from mid-rate)
GBP amount:4,915 GBP
Total Cost:4.29%
Difference:
105 GBP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→GBP
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.098155 (4.43% from mid-rate)
GBP amount:4,899.9 GBP
Total Cost:4.58%
Difference:
120 GBP less than using OFX
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer HKD→GBP
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.097552 (5.01% from mid-rate)
GBP amount:4,876.43 GBP
Total Cost:5.04%
Difference:
144 GBP less than using OFX
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/23/2019 - See full table

HKD to GBP interbank exchange rate = 0.1027

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on HKD/GBP exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

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 a 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)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

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