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No rates for HKD to USD travel card

HKD/USD - Convert Compare Save

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.

 

This resource page for the Hong Kong Dollar to United States Dollar exchange rate, has news, forecasts and HKD to USD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

HKD/USD Exchange Rates - How to Compare & Save

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($)Exchange RateFee HKDTotal CostDeal Links
OFX logo
6,265 USD0.12530 for BER users (normally $15)2.11%
DBS Bank logo
6,198.8 USD0.1241503.14%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
6,131 USD0.1227554.21%
HSBC logo
6,110.21 USD0.1224$804.53%
Citibank International Money Transfers
Citibank logo
6,083.54 USD0.1217124.94%
 
OFX: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $15)
Exchange Rate:0.1253 (2.11% from mid-rate)
USD amount:6,265 USD
Total Cost:2.11%
Time:
Rate Fetched: Tue Jul 23 2019 00:16:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1241 (3.05% from mid-rate)
USD amount:6,198.8 USD
Total Cost:3.14%
Difference:
66 USD less than using OFX
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
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1231 (3.83% from mid-rate)
USD amount:6,131 USD
Total Cost:4.21%
Difference:
134 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1224 (4.38% from mid-rate)
USD amount:6,110.21 USD
Total Cost:4.53%
Difference:
155 USD less than using OFX
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1217 (4.92% from mid-rate)
USD amount:6,083.54 USD
Total Cost:4.94%
Difference:
181 USD less than using OFX
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/23/2019 - See full table

HKD to USD interbank exchange rate = 0.1281

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on HKD/USD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

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 a 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 has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

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

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