What is the
HSBC Send Money conversion rate for USD to HKD?
The HSBC USD to HKD exchange rate is 7.4502. This is -4.3% compared to the latest USD-HKD mid-market rate 7.7824.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Hong Kong dollar (HKD) rates from different sources before making a conversion.
The above
HSBC - Dollar to Hong Kong dollar 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 USD-HKD mid-rate and the possible savings of using various providers.
How do HSBC USD-HKD rates compare between providers?
The next best is XE at 7.7357, -0.6% from the mid-rate.
Then Wise at 7.7319, which is -0.65% from the mid-rate.
The Western Union rate is 7.7046 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 7.2168 at -7.3% the Wells Fargo Bank rate is 7.1701 at -7.9% and the Citibank rate is 7.5281 at -3.3% compared to the mid-rate 7.7824.
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.
Compare USD to HKD Transfer Rates