Understanding the Table:
The comparison table above helps you see the total cost of your HSBC currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
The HSBC USD to HKD exchange rate is 7.469. This is -4.8% compared to the latest USD-HKD mid-market rate 7.8457.
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.
Looking at the full comparison table the best USD to HKD exchange rate is 7.8065 from OFX, -0.5% from the mid-market rate 7.8457. The next best rate is 7.7986 from XE, -0.6% from the mid-rate. Then Wise with 7.7947 is -0.65% from the mid-rate.
The Western Union rate is 7.7672 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 7.2336 at -7.8% the Wells Fargo Bank rate is 7.1865 at -8.4% and the Citibank rate is 7.5474 at -3.8% compared to the mid-rate 7.8457.
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.
View a full list of exchange rates by selecting your Base (from) currency: