HKD to PHP mid-rate = 6.7783
Right now the HKD/PHP market mid-rate is 6.7783 and represents ideally how many Philippine Peso you can get for one Hong Kong Dollar.
You can calculate equivalent Hong Kong Dollar to Philippine Peso currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for HKD to PHP transfers or buying PHP travel money.
HKD / PHP Converter
6.7783 Philippine Peso
Compare how much you can save on
HKD/PHP exchange rates for:
| PHP Country Guides |
|---|
 Philippines |
Hong Kong Dollar to Philippine Peso (HKD-PHP) - 10 Year History
The below table shows the historic variation in the HKD/PHP exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of HKD versus other currencies : HKD historical charts.
| Date | Exchange Rate | Period |
|---|---|---|
| 02 Dec 2018 | 6.6867 | 1 Week |
| 09 Nov 2018 | 6.7829 | 1 Month |
| 12 Jun 2018 | 6.7613 | 6 Months |
| 09 Dec 2017 | 6.4658 | 1 Year |
| 09 Dec 2016 | 6.4215 | 2 Years |
| 10 Dec 2013 | 5.7082 | 5 Years |
| 11 Dec 2008 | 6.1666 | 10 Years |
Best Rates for HKD/PHP Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from HKD to PHP.
Compare HKD to PHP Foreign Transfers vs the Banks
| Providers | Amount PHP(₱) | Exchange Rate | Fee HKD | Total Cost | Transfer Speed | Transfer Services | Reviews | Deal Links |
|---|---|---|---|---|---|---|---|---|
 | 335,885 PHP | 6.7177 | 0 | 0.4% | 1-2 days | Online, Bank Account to Bank Account | ||
 | 323,715 PHP | 6.4743 | 0 for BER users (normally $60) | 4.01% | 1-2 days | Online, Bank Account to Bank Account | ||
Average Rate: Banks - Average Rate    | 316,876 PHP | 6.3435 | 55 | 6.04% | 2-3 days | Online, Branch, Bank Account to Bank Account | Average of Bank Rates |
Why can't I just get the HKD/PHP market rate I see on Google or in the Media?
The HKD/PHP mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the HKD / PHP was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market HKD/PHP midrate the better deal you are getting.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
The three things you need in order to get a good HKD to PHP exchange rate
- Know the latest HKD/PHP market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency News, Research and Forecasts for Hong Kong Dollar and Philippine Peso
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 PHP, you should pay attention to both Hong Kong Dollar and Philippine Peso news and forecasts.
Hong Kong Dollar (HKD) - Market news and forecasts
2018 has been a good year for the Hong Kong dollar, as it has been for the US dollar, to which it is pegged.
Entering the third week of November 2018, HKD’s year-to-date gains over six of the seven non-USD majors averaged 5.4 percent. HKD was unchanged against the yen.
At different times in 2018, HKD has benefitted from Brexit uncertainty in Europe, from inactivity on monetary policy in Oceania, and a recent collapse in the oil market, which saw its value rise against petro-currencies.
Seasonality becomes an important supporting factor for HKD approaching year-end, and especially in November. Since 2010, HKD has averaged trade-weighted gains of 1.8 percent in November and 0.2 percent in December.
By way of its USD forecasts, Citibank said in September that HKD would gain 3-4 percent over a 6-12-month period; however, gains would be followed by an 11 percent loss in the long term.
Like Citi, ING remain long-term bearish on USD and HKD. ING isn't ruling out interventions from Washington aimed at weakening the greenback. President Trump clearly would like a far weaker currency.
J.P. Morgan said in November that USD and HKD would be worth slightly more in the first half of 2019, before weakening slightly in the second half of the year.
Philippine Peso (PHP) - Market news and forecasts
Since 2013, the Philippine peso has been among the world’s worst performing currencies. The second quarter of 2018 saw the peso fall to its lowest levels since 2005 at rates per US dollar in the mid-₱54s. With October and early November’s recovery (see below) to 53 per dollar, the peso reduced its year-to-date loss to only 5.7 percent versus the greenback. Against the euro, the peso was little changed (₱60.22) on the year, and it was marginally higher against the Australian dollar (₱38.33).
The principal reasons for peso weakness remain the Philippines’ trade deficit, which in 2017 was the largest ever recorded at $29.8 billion, and inflation, which reached 6.7 percent in the year to September.
On November 8th (the day of this report), the peso achieved its highest level against the dollar in 5 months and its highest level against the euro in 10 months. Short-term peso strength has been the result of a “perception that inflation has peaked,” said a Union Bank of the Philippines economist.
For 2019, the peso’s downtrend will likely resume, per the remarks of DBS’ chief economist, who believes that “a very similar dynamic” of peso weakness will play out.
