The comparison table above helps you see the total cost of your OFX 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 transaction type, details and click ‘GET RATES’.
OFX - CAD Rate Margin Analysis
The average CAD rate margin offered by OFX is 3.4%.
This average is based on individual CAD 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
OFX - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by OFX for Canadian dollar (CAD 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Bias: CAD/USD is bullish-to-range-bound, trading above its 90-day average and in the upper half of the 3-month range, with oil and data helping support this bias.
Bias
CAD/HKD remains range-bound, near the 90d avg and upper 3m band, with little momentum to break out. Negative carry vs HKD persists amid a policy-rate gap; oil at 30-day highs supports CAD. Jan data (trade balance, jobs) may shift the pair.
Key drivers
- Rate gap: CAD policy rate sits well below the USD-linked HKD equivalent, keeping a negative carry for CAD versus HKD, which weighs on cross-border flows.
- Risk/commodities: Oil at 30-day highs supports the CAD through its commodity link, while HKD stays anchored to the USD peg.
- One macro factor: January Canadian data, including trade balance and employment, due for release, may steer the pair.
Range
Over the past three months the pair has traded in a narrow band; expect it to drift within that band, testing the upper end but not breaking out, unless oil or policy surprises shift risk.
What could change it
- Upside risk: Oil price persistence and stronger Canadian data could push the pair toward the upper end of the range.
- Downside risk: Renewed trade tensions or a surprise USD rally could undervalue CAD
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CAD to HKD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Hong Kong dollar across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
OFX Send Money conversion rate for CAD to HKD?
The OFX CAD to HKD exchange rate is 5.5905. This is -0.5% compared to the latest CAD-HKD mid-market rate 5.6186.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to Hong Kong dollar (HKD) rates from different sources before making a conversion.
The above
OFX - Loonie to Hong Kong dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
OFX and other foreign exchange providers against the latest CAD-HKD mid-rate and the possible savings of using various providers.
How do OFX CAD-HKD rates compare between providers?
Looking at the full
CAD to HKD - Send Money comparison table the provider with the best CAD to HKD exchange rate is OFX at 5.5905, -0.5% from the latest mid-market rate 5.6186.
The next best is XE at 5.5849, -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers 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
like OFX or platforms that offer rates closer to the mid-market rate.