What is the
Citibank Send Money conversion rate for HKD to NZD?
The Citibank HKD to NZD exchange rate is 0.2043. This is -3.6% compared to the latest HKD-NZD mid-market rate 0.2120.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Hong Kong dollar (HKD) to New Zealand dollar (NZD) rates from different sources before making a conversion.
The above
Citibank - Hong Kong dollar to Kiwi comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Citibank and other foreign exchange providers against the latest HKD-NZD mid-rate and the possible savings of using various providers.
How do Citibank HKD-NZD rates compare between providers?
Looking at the full
HKD to NZD - Send Money comparison table the provider with the best HKD to NZD exchange rate is OFX at 0.2109, -0.52% from the latest mid-market rate 0.2120.
The next best is XE at 0.2107, -0.61% from the mid-rate.
Then CurrencyFair at 0.2103, which is -0.8% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Citibank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.