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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 when making an International Money Transfer from HKD to PHP. The total costs are calculated against the latest mid-market rate.

Foreign Transfer Providers
Ratings & Reviews
Receive PHP(₱)Exchange RateFee HKDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
331,870 PHP6.637400.4%Bank Transfers - Online & Phone1-2 days
 
OFX logo
321,185 PHP6.42370 for BER users (normally $60)3.61%Bank Transfers - Online & Phone1-2 days
DBS Bank logo
317,812 PHP6.3626504.62%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
314,402 PHP6.2940555.64%Online, Branch, Bank Transfers2-3 days
HSBC logo
313,448 PHP6.279$805.93%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
311,945 PHP6.2404126.38%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:
Exchange Rate:6.6374 (0.4% from mid-rate)
PHP amount:331,870 PHP
Total Cost:0.4%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
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:6.4237 (3.61% from mid-rate)
PHP amount:321,185 PHP
Total Cost:3.61%
Difference:
₱10,685 less than using WorldFirst
Time:
Rate Fetched: Mon Feb 18 2019 00:17:37 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
DBS Bank: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:6.3626 (4.52% from mid-rate)
PHP amount:317,812 PHP
Total Cost:4.62%
Difference:
₱14,058 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
DBS Bank logo Citibank logo HSBC logo

Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:6.3112 (5.3% from mid-rate)
PHP amount:314,402 PHP
Total Cost:5.64%
Difference:
₱17,468 less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
HSBC: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:6.2790 (5.78% from mid-rate)
PHP amount:313,448 PHP
Total Cost:5.93%
Difference:
₱18,422 less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Citibank: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:6.2404 (6.36% from mid-rate)
PHP amount:311,945 PHP
Total Cost:6.38%
Difference:
₱19,925 less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated as financial payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019

HKD to PHP mid-rate = 6.6567

Right now the HKD/PHP market mid-rate is 6.6567 and represents ideally how many Philippine Peso you can get for one Hong Kong Dollar.

This HKD/PHP Converter calculates equivalent Hong Kong Dollar to Philippine Peso amounts at the market mid-rate:

HKD / PHP mid-rate converter


$HKD


₱PHP
1 Hong Kong Dollar equals
6.6567 Philippine Peso

Compare how much you can save on
HKD/PHP exchange rates for:

Foreign Transfers

 
 
3 Month HKD to PHP Chart
Loading HKD/PHP rates

Hong Kong Dollar

Philippine Peso

1 HKD 6.6567 PHP
5 HKD 33.28 PHP
10 HKD 66.57 PHP
20 HKD 133.13 PHP
50 HKD 332.84 PHP
100 HKD 665.67 PHP
250 HKD 1,664.18 PHP
500 HKD 3,328.35 PHP
1,000 HKD 6,656.70 PHP
2,000 HKD 13,313.40 PHP
5,000 HKD 33,283.50 PHP
10,000 HKD 66,567.00 PHP
50,000 HKD 332,835.00 PHP
100,000 HKD 665,670.00 PHP
See more

Hong Kong Dollar

Philippine Peso

0.1502 HKD 1 PHP
0.7510 HKD 5 PHP
1.5020 HKD 10 PHP
3.0040 HKD 20 PHP
7.5100 HKD 50 PHP
15.02 HKD 100 PHP
37.55 HKD 250 PHP
75.10 HKD 500 PHP
150.20 HKD 1,000 PHP
300.40 HKD 2,000 PHP
751.00 HKD 5,000 PHP
1,502.00 HKD 10,000 PHP
7,510.00 HKD 50,000 PHP
15,020.00 HKD 100,000 PHP
See more

PHP Country Guides
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
10 Feb 20196.64601 Week
18 Jan 20196.70801 Month
21 Aug 20186.80046 Months
17 Feb 20186.68801 Year
17 Feb 20176.44732 Years
18 Feb 20145.74865 Years
19 Feb 20096.176310 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

27-January-19: 2018 was a reasonable year for the Hong Kong dollar. Against a basket of major currencies, HKD appreciated by 4 percent, which was much better than a near-10 percent loss in 2017. It was, though, something of a stuttering end to 2018 and HKD has had mixed fortunes in early 2019.

As is well known, HKD follows, to a large extent, developments in US monetary policy. In December, after lifting US interest rates, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for HKD pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the US economy is likely to weigh on USD [and therefore HKD] in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that USD, and therefore HKD, would soon “embark on a gradual long-term bearish trend.”

Philippine Peso (PHP) - Market news and forecasts

9-January-19: Since 2013, the Philippine peso has been among the world’s worst performing currencies. In the final quarter of 2018, the peso weakened to its lowest level against the US dollar since 2005, at rates in the ₱54.40s. By 2018 year-end, the peso had recovered into the mid-₱52s per USD and was down around 5 percent for the year.

Unfortunately for peso holders, the currency’s downtrend (USD/PHP’s uptrend) will likely resume in 2019, per remarks by DBS’ chief economist, who said “a very similar dynamic” of peso weakness would play out.

FX forecasters surveyed by Bloomberg in January expected the peso to be the joint second-worst performing Asian currency of 2019, with an expected loss versus the dollar of 2.5 percent. Given that the same forecasters expected a disappointing year for the dollar, it was implied that the peso would do far worse against other major currencies.

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