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  1. Exchange Rates
  2. Hong Kong dollar (HKD)
  3. U.S. dollar (USD)

Convert HKD to USD at Best Exchange Rates

There are three important types of information that you need to know if you are to have any chance of getting the best possible HKD / USD rate :

  1. Find the Market HKD to USD mid-rate - the starting point.
  2. Check your FX provider's transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News, Research and Forecasts for both currencies.

1. Market HKD/USD mid-rate

The closer your final exchange rate is to the market HKD/USD midrate the better deal you are getting.
1 Hong Kong dollar equals
U.S. dollar 1HKD=USD

Right now the HKD/USD market rate is and represents how many U.S. dollar you can get for one Hong Kong dollar.

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. The closer your final exchange rate is to the market HKD/USD midrate the better deal you are getting. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the currencies were exchanged in a transaction (bought or sold) in the international markets.

HKD to USD Exchange Rate Calculator

$
$
1 HKD equals
USD 1HKD=USD

Compare rates for: Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
Loading HKD/USD Chart

Hong Kong dollar to U.S. dollar (HKD-USD) Recent History

WhenExchange RateDate
1 Week ago0.127418 Apr 2018
1 Month ago0.127426 Mar 2018
6 Months ago0.128127 Oct 2017
1 Year ago0.128525 Apr 2017
2 Years ago0.128925 Apr 2016
5 Years ago0.128826 Apr 2013
10 Years ago0.128327 Apr 2008

There are three important types of information that you need to know if you are to have any chance of getting the best possible HKD / USD rate :

  1. Market HKD to USD mid-rate - the starting point.
  2. Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Up-to-date Currency News, Research and Forecasts for Hong Kong dollar and U.S. dollar.

1. Market HKD/USD mid-rate

Right now the HKD/USD market rate is and represents how many U.S. dollar you can get for one Hong Kong dollar.

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.

1 Hong Kong dollar equals
U.S. dollar 1=

2. Transaction Costs - Margins and Fees for HKD/USD Foreign 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.

HKD to USD Foreign Transfer - Costs Compared

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

 OFX (prev. ClearFX)
1HKD=0.1249USD
$6237.51 USD (2.08%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $6237.51 USD
Exchange Rate: 0.1249
(Inverse 1USD=HKD 8.0064)
Fees: HKD 60
Total Cost : 2.08% (from mid-rate: 0.1274)
This is the amount of money that could be received by your transfer at rate HKD/USD=0.1249 and inclusive of the fee of HKD 60.
Rate timestamp : Wed Apr 25 2018 15:21:43 GMT+0000 (UTC)
Bank Rates - Average
1HKD=0.124USD
$6198.14 USD (2.7%)
This is the average HKD to USD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $6198.14 USD
Exchange Rate: 0.1240
(Inverse 1USD=HKD 8.0645)
Fees: HKD 15
Total Cost : 2.7% (from mid-rate: 0.1274)
Receive USD $39 less than with   OFX
This is the amount of money that could be received by your transfer at rate HKD/USD=0.124 and inclusive of the fee of HKD 15.

Travel Money HKD to USD - Costs Compared

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.


Buy Travel Money from Travelex

Our other partners aren't publishing any live HKD/USD rates right now.

You can calculate with the latest HKD/USD market rate (Interbank mid-rate).


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?

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 the below HKD to USD calculator to convert currency amounts 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.


3. 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 is always determined quoted in comparison to another 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

In March, the Hong Kong dollar weakened to the extreme of its allowed trading range, at 7.85 per US dollar, marking the point at which the Hong Kong Monetary Authority must step in to defend the currency.

The Hong Kong dollar 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 Hong Kong dollars have remained low over the past fifteen 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 March, the Hong Kong dollar also stood close to long-term lows against both the Japanese yen and euro.

U.S. dollar (USD) - Market news and forecasts

Against a basket of currencies, the U.S. dollar held steady in February and March – a welcome change considering the currency’s 15% fall in the preceding 13 months. However, any boost the greenback might receive from higher U.S. interest rates (the Fed hiked again in March) is likely to be offset by the longer-term consequences of U.S. trade tariffs, thinks a growing number of FX analysts. The latest round of tariffs include those on steel and aluminium imports and on $60 billion worth of Chinese goods, all aimed at boosting U.S. manufacturers.

The question of whether China in particular would take retaliatory steps on trade was a hot topic approaching the end of March. Analysts at Bank of America Merrill Lynch, BK Asset Management and Lloyds all said that the dollar would weaken on any escalation of trade tensions. In March, Lloyds reduced its dollar-euro year-end forecast to 0.8 (EUR/USD 1.25), from 0.82.

With trade on everyone’s lips and with traders uninspired by U.S. economic prospects, it is not surprising that the dollar’s trajectory has decoupled in 2018 from that of U.S. interest rate expectations. Despite yields climbing steadily this year, the dollar has sunk.

“It’s easy to see the weak-dollar story persisting,” said ING in February. The bank has forecast dollar-euro at just 0.77 at year-end (EUR/USD 1.3).