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HSBC HKD to CNY Transfers Compared

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International money transfer rates Send 2,000 HKD → Receive CNY

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Our HSBC HKD 2000 to CNY rate is 0.8542. This is -0.59% below the mid-rate.

HSBC Hong Kong telegraphic transfers at a glance

HSBC Hong Kong publishes indicative telegraphic-transfer buy and sell rates against the Hong Kong dollar with a source update time. BER converts the bank's HKD-per-foreign-currency quotations into the foreign-currency-per-HKD format used in its comparison table.

BER tracks the 12 currencies for which HSBC currently publishes both TT directions. MYR is omitted because the source currently provides only one TT side. Separate banknote rates are not mixed into the transfer comparison.

Compare HSBC rates from Hong Kong dollars.

BER Benchmark: HSBC HKD FX Rates & Margins

BER Benchmark monitors HSBC exchange rates across the HKD currency corridors tracked by BER. The current average margin versus the mid-market rate is 0.87%.

This average is based on the HKD 2,000 transfer rates currently monitored by BER across the available HSBC currency corridors.

HSBC - Lowest and Highest FX Margins

BER Benchmark ranks the HSBC currency corridors currently monitored for Hong Kong dollar transfers by their margin versus the mid-market rate. The tables below highlight the lowest-margin and highest-margin corridors for a HKD 2,000 transaction.

HSBC Lowest FX Margins

Currency Pair	HSBC Rate	Mid Market Rate	Margin
HKD/USD	0.1269	0.1274	0.4%
HKD/CNY	0.8543	0.8594	0.6%
HKD/CHF	0.1031	0.1037	0.6%
HKD/AUD	0.1792	0.1805	0.7%
HKD/SGD	0.1619	0.1631	0.8%

HSBC Highest FX Margins

Currency Pair	HSBC Rate	Mid Market Rate	Margin
HKD/PHP	7.6923	7.8298	1.8%
HKD/THB	4.1649	4.2322	1.6%
HKD/NZD	0.2157	0.2176	0.9%
HKD/JPY	20.15	20.32	0.8%
HKD/EUR	0.1096	0.1105	0.8%

HSBC Hong Kong transfer margins and costs

HSBC's TT buy/sell spread includes its currency-conversion pricing. BER independently compares the customer selling rate with a current market mid-rate; the measured margin can move as either source changes.

The published exchange rate is indicative and does not establish the complete cost of a particular payment. Check the confirmed rate and any transfer, correspondent or recipient-bank charges before authorising a transaction.

HSBC also publishes banknote buy and sell rates. BER excludes those cash rates here because they are not comparable with telegraphic transfers.

HSBC Hong Kong exchange-rate questions

Which rate applies when sending HKD overseas?

HSBC's TT sell quote is the price when the bank sells the destination currency. BER normalises that quote for an HKD-funded transfer.

What does the TT buy rate represent?

It applies when HSBC buys the foreign currency and provides Hong Kong dollars. BER retains that supported inbound direction separately.

Why is MYR not included?

HSBC currently publishes only one TT direction for MYR. BER requires both reviewed quote sides for this feed and therefore excludes MYR rather than estimating the missing side.

Are banknote rates included?

No. The feed is limited to telegraphic-transfer rates.

Compare HSBC rates from Hong Kong dollars.

What is the HSBC Send Money conversion rate for HKD to CNY?

The HSBC HKD to CNY exchange rate is 0.8542. This is -0.59% compared to the latest HKD-CNY mid-market rate 0.8593.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Hong Kong dollar (HKD) to Chinese yuan (CNY) rates from different sources before making a conversion.

The above HSBC - Hong Kong dollar to Yuan comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest HKD-CNY mid-rate and the possible savings of using various providers.

How do HSBC HKD-CNY rates compare between providers?

Looking at the full HKD to CNY - Send Money comparison table the provider with the best HKD to CNY exchange rate is Wise at 0.8281, -3.6% from the latest mid-market rate 0.8593.

The next best is OFX at 0.7968, -7.3% from the mid-rate.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

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This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Best Exchange Rates Pty Ltd, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date. BER’s AI-generated rate analysis is developed using newsmon.ai.

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