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Best Exchange Rates

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Compare HKD to PHP foreign transfers

Use our comparison table to find the best exchange rates for Philippine Peso foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$HKD
₱PHP

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive PHP(₱)Exchange RateFee HKDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
331,300 PHP6.62600.4%Bank Transfers - Online & Phone1-2 days
 
OFX logo
319,585 PHP6.39170 for BER users (normally $60)3.92%Bank Transfers - Online & Phone1-2 days
DBS Bank logo
316,228 PHP6.3309504.93%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
312,834 PHP6.2626555.95%Online, Branch, Bank Transfers2-3 days
HSBC logo
311,885 PHP6.2477$806.24%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
310,390 PHP6.2093126.69%Online, Branch, Bank Transfers2-3 days
 
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
WorldFirst: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:
Exchange Rate:6.6260 (0.4% from mid-rate)
PHP amount:331,300 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:6.3917 (3.92% from mid-rate)
PHP amount:319,585 PHP
Total Cost:3.92%
Difference:
₱11,715 less than using WorldFirst
Time:
Rate Fetched: Fri Feb 22 2019 00:17:38 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:6.3309 (4.84% from mid-rate)
PHP amount:316,228 PHP
Total Cost:4.93%
Difference:
₱15,072 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:6.2797 (5.61% from mid-rate)
PHP amount:312,834 PHP
Total Cost:5.95%
Difference:
₱18,466 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:6.2477 (6.09% from mid-rate)
PHP amount:311,885 PHP
Total Cost:6.24%
Difference:
₱19,415 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:6.2093 (6.66% from mid-rate)
PHP amount:310,390 PHP
Total Cost:6.69%
Difference:
₱20,910 less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
WorldRemit: Foreign Transfer HKD→PHP
HKD amount:$50,000 HKD
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
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: 02/22/2019

1 HKD = 6.6317 PHP

This is the current HKD-PHP mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market HKD-PHP exchange rate.

3 Month Chart
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Currency news 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

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.

Currency News and Forecasts

Japan Allows Fintech Payments Specialists to Compete with Banks
Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates