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HKD to USD - Rate Guide

Hong Kong Dollar to United States Dollar exchange rates aren't all the same.

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

 

HKD/USD update & alerts

1 HKD = 0.1287 USD

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HKD to USD - Trading Range (90 Day)
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HKD/USD at 0.1287 is trading 0.5% above the 90-day average 0.128 with a range 0.1275 to 0.1288. There are no current rate alerts.
19-Jan-2020 16:NY 21:LON 08:SYD+1d

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HKD/USD Exchange Rates and Providers Compared

This guide to the Hong Kong Dollar to United States Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and HKD to USD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our HKD/USD Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for HKD/USD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

HKD to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD(U$)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
U$6,4050.128100.47%
OFX logo
U$6,2950.12590 for BER users (normally $15)2.18%
DBS Bank logo
U$6,228.770.1247503.2%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
U$6,1640.1234554.21%
HSBC logo
U$6,145.150.1231HK$804.5%
Citibank International Money Transfers
Citibank logo
U$6,118.530.1224124.92%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 
WorldFirst logo
WorldFirst: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:0.1281 (0.47% from mid-rate)
To Amount (USD) U$6,405
Total Cost:0.47%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.1259 (2.18% from mid-rate)
To Amount (USD) U$6,295
Total Cost:2.18%
Difference:
U$110 USD less than using WorldFirst
Time:
Rate Fetched: Mon Jan 20 2020 00:16:10 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.1247 (3.11% from mid-rate)
To Amount (USD) U$6,228.77
Total Cost:3.2%
Difference:
U$176 USD 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
Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.1237 (3.89% from mid-rate)
To Amount (USD) U$6,164
Total Cost:4.21%
Difference:
U$241 USD less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.1231 (4.35% from mid-rate)
To Amount (USD) U$6,145.15
Total Cost:4.5%
Difference:
U$260 USD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.1224 (4.9% from mid-rate)
To Amount (USD) U$6,118.53
Total Cost:4.92%
Difference:
U$286 USD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 01/20/2020 - See full table

HKD and USD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the HKD vs USD, you should pay attention to the recent market trends for both currencies.

Hong Kong Dollar (HKD)

The Hong Kong dollar has gained value in 2019 despite the recent protests and also serious escalation in US-China trade tensions, mainly because the US dollar, to which HKD is pegged, is attracting safe-haven inflows. By May-17, against a basket of important currencies, HKD was worth 2 percent more year-to-date, and was only 0.5 percent away from making a 2-year high.

HKD was doing particularly well against the Australian dollar. It was, at the time of writing, valued 18 percent higher than 2018 lows against AUD and needed only a further 2.3 percent to reach a 10-year high. Though HKD was meeting significant resistance in mid-May at the 5.4 per AUD level, a break of this could spark significant appreciation.

Read more in the article HKD Forecasts.

 

United States Dollar (USD)

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.

Read more in the article USD Forecasts.

Why can't I just get the HKD/USD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the HKD / USD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all HKD Exchange Rates