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HKD to PHP - Compare Exchange Rates

Hong Kong Dollar to Philippine Peso - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

Compare HKD/PHP Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for HKD/PHP International Money Transfers. Costs are calculated against the amount when HKD is converted to PHP at mid-rate.

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Foreign Transfer Providers
Ratings & Reviews
Receive PHP(₱)Exchange RateFee HKDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
327,010 PHP6.540200.7%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
OFX logo
318,650 PHP6.3730 for BER users (normally $60)3.24%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
DBS Bank logo
315,304 PHP6.3124504.25%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
311,919 PHP6.2443555.28%Online, Branch, Bank Transfers2-3 days
HSBC logo
310,972 PHP6.2294$805.57%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
309,481 PHP6.1911126.02%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:
Exchange Rate:6.5402 (0.7% from mid-rate)
PHP amount:327,010 PHP
Total Cost:0.7%
Time:1:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $60)
Exchange Rate:6.3730 (3.24% from mid-rate)
PHP amount:318,650 PHP
Total Cost:3.24%
Difference:
8,360 PHP less than using WorldFirst
Time:
Rate Fetched: Tue Apr 23 2019 00:17:42 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→PHP
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:6.3124 (4.16% from mid-rate)
PHP amount:315,304 PHP
Total Cost:4.25%
Difference:
11,706 PHP less than using WorldFirst
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:6.2613 (4.93% from mid-rate)
PHP amount:311,919 PHP
Total Cost:5.28%
Difference:
15,091 PHP less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:6.2294 (5.42% from mid-rate)
PHP amount:310,972 PHP
Total Cost:5.57%
Difference:
16,038 PHP less than using WorldFirst
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:6.1911 (6% from mid-rate)
PHP amount:309,481 PHP
Total Cost:6.02%
Difference:
17,529 PHP less than using WorldFirst
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HKD to PHP interbank exchange rate = 6.6381

Right now the HKD/PHP interbank exchange rate is 6.6381. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Philippine Peso to Hong Kong Dollar.

This HKD/PHP Converter calculates equivalent Hong Kong Dollar to Philippine Peso amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

HKD / PHP converter & margin calculator


$HKD
₱PHP
Mid-rates:
 

Foreign Transfers Travel Money

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HKD/PHP exchange rates for:

Foreign Transfers

1 Week HKD to PHP
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Hong Kong Dollar

Philippine Peso

1 HKD 6.6381 PHP
5 HKD 33.19 PHP
10 HKD 66.38 PHP
20 HKD 132.76 PHP
50 HKD 331.91 PHP
100 HKD 663.81 PHP
250 HKD 1,659.53 PHP
500 HKD 3,319.05 PHP
1,000 HKD 6,638.10 PHP
2,000 HKD 13,276.20 PHP
5,000 HKD 33,190.50 PHP
10,000 HKD 66,381.00 PHP
50,000 HKD 331,905.00 PHP
100,000 HKD 663,810.00 PHP
See more

Hong Kong Dollar

Philippine Peso

0.1506 HKD 1 PHP
0.7530 HKD 5 PHP
1.5060 HKD 10 PHP
3.0120 HKD 20 PHP
7.5300 HKD 50 PHP
15.06 HKD 100 PHP
37.65 HKD 250 PHP
75.30 HKD 500 PHP
150.60 HKD 1,000 PHP
301.20 HKD 2,000 PHP
753.00 HKD 5,000 PHP
1,506.00 HKD 10,000 PHP
7,530.00 HKD 50,000 PHP
15,060.00 HKD 100,000 PHP
See more

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PhilippinesPhilippines

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.

DateExchange RatePeriod
14 Apr 20196.58901 Week
22 Mar 20196.70851 Month
23 Oct 20186.86186 Months
21 Apr 20186.64871 Year
21 Apr 20176.41062 Years
22 Apr 20145.73935 Years
23 Apr 20096.258110 Years

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

  1. 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.
  2. 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.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Hong Kong Dollar and Philippine Peso

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative 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

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.

Philippine Peso (PHP) - Market news and forecasts

The peso suffered one of its sharpest falls in recent years on March-12 when it weakened by 93 centavos against the dollar (an amount nearly four times the peso’s average daily range) to 53.05. This ended a good run for the peso, which appreciated away from record lows (54.43) in four of the five months between October and February.

The mid-march weakness was driven by significant developments in Philippine monetary policy. The country’s central bank governor suggested there could be significant policy easing this year in the form of policy rate cuts and cuts to the amount of cash that banks must hold in reserve.

The developments appeared to vindicate those analysts polled by Bloomberg in January, who collectively predicted that the peso would struggle in 2019.

An ING analyst said in March that the central bank would be comfortable with the peso between 52 and 55 per dollar, beyond which there may be market intervention. ING is forecasting the peso at 54.04 at year-end.