HKD to USD market mid-rate: 0.1274
Right now the HKD/USD market rate is 0.1274 and represents ideally how many U.S. dollar you can get for one Hong Kong dollar.
You can calculate equivalent currency amounts with this rate below. Then select the transaction type to compare the best exchange rates available.
Currency Converter HKD to USD
Hong Kong dollar
|1 HKD||0.1274 USD|
|5 HKD||0.6370 USD|
|10 HKD||1.2740 USD|
|20 HKD||2.5480 USD|
|50 HKD||6.3700 USD|
|100 HKD||12.74 USD|
|250 HKD||31.85 USD|
|500 HKD||63.70 USD|
|1000 HKD||127.40 USD|
|2000 HKD||254.80 USD|
|5000 HKD||637.00 USD|
|10000 HKD||1,274.00 USD|
|50000 HKD||6,370.00 USD|
Hong Kong dollar to U.S. dollar (HKD-USD) - 10 Year History
The below table shows the historic variation in the HKD/USD 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.
|08 Jul 2018||0.1274||1 Week|
|15 Jun 2018||0.1274||1 Month|
|16 Jan 2018||0.1278||6 Months|
|15 Jul 2017||0.1281||1 Year|
|15 Jul 2016||0.1290||2 Years|
|16 Jul 2013||0.1289||5 Years|
|17 Jul 2008||0.1282||10 Years|
The three things you need in order to get a good HKD to USD exchange rate
- Know the latest HKD/USD 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.
Transaction Costs - Margins and Fees for HKD/USD Transfers and Currency Exchange
The transaction margin from the mid-rate you will be charged by your bank or 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 USD.
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote
Compare Foreign Transfers
Sending HKD 50,000 to USD
Rate timestamp : Tue Jul 17 2018 21:21:49 GMT+0000 (UTC)
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
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 comparison calculators make shopping around easy and help you calculate how much you can save.
Why can't I just get the same HKD/USD market rate I see on Google or in the Media?
The HKD/USD 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 / USD was traded (bought or sold) in the international markets.
When you look up the current Hong Kong dollar to U.S. dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.
Getting a great HKD to USD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.
This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.
You can use our HKD to USD currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Hong Kong dollar cross rates and reviews of leading foreign exchange providers versus the Banks.
Currency News, Research and Forecasts for Hong Kong dollar and U.S. dollar
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 USD, you should pay attention to both Hong Kong dollar and U.S. dollar news and forecasts.
Hong Kong dollar (HKD) - Market news and forecasts
Between April and June, the Hong Kong dollar traded at or close to the weaker boundary of its allowed trading range (close to 7.85 per US dollar). The Hong Kong Monetary Authority intervened in FX markets to defend the currency’s peg several times within this timeframe.
HKD has fallen to multi-decade lows due to a widening of the US-Hong Kong interest rate differential. Despite the HKMA raising interest rates in step with the US Federal Reserve, rates paid on HKD have remained low over the past eighteen months due to abundant liquidity in Hong Kong’s financial system; meanwhile, rates paid on US dollars have risen steadily. For large investors, this provides an incentive to exchange (sell) borrowed Hong Kong dollars for higher-yielding US dollars.
Due to Hong Kong’s sizeable foreign exchange reserves, which are among the largest in the world, a speculative attack on the USD/HKD peg is unlikely.
In late May, HKD climbed to a six-month high against the euro, at 9.031 per EUR. By mid-June it had weakened back into the mid-9.2s.
U.S. dollar (USD) - Market news and forecasts
It was a fine run for the dollar during the six-week period ending May 25th – the day of this report. The Dollar Index never looked back after breaking from a pocket of congestion in the final week of April. The index ended this period achieving a six-month high of 94.3. The dollar benefited from higher US yields.
Against individual currencies, within this timeframe the dollar was impressive against the euro, which fell to buy only 1.165 dollars, from levels near 1.24; against the pound, which fell to buy 1.33 dollars, from 1.44; and against the New Zealand dollar, which fell to 0.69 from 0.738.
A warning on the dollar’s medium-term outlook was offered in May by Citibank. The bank argues that downward pressure on the dollar will resume because Washington’s planned fiscal spending will cause a further deterioration in the US’ twin deficits. The dollar might have 5 percent downside over 6-12 months and 10 percent downside in the long run, a Citi analyst said.
In the coming month, supporting the dollar against growth-sensitive currencies, which include CAD, AUD, NZD, SEK, NOK, SGD and most of the emerging market currencies, will be developments surrounding global trade. In May, trade tensions resurfaced after the US Commerce Department announced it would investigate automobile imports. In 2018, Washington had already announced tariffs on aluminium and steel imports, angering much of the rest of the world.