The Citibank USD to HKD rate is 7.4974. This is -3.3% below the mid-rate. Compare Citibank currency conversion rates - Reduce FX costs.
The Citibank USD to HKD exchange rate is 7.4974. This is -3.3% compared to the latest USD-HKD mid-market rate 7.7506.
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.
Looking at our comparison table the best USD to HKD exchange rate is 7.7118 from OFX, -0.5% from the mid-market rate 7.7506. The next best rate is 7.7041 from XE, -0.6% from the mid-rate. Then Wise with 7.7002 is -0.65% from the mid-rate.
The Western Union rate is 7.6731 which is -1% from the mid-rate.
Among the banks, the Chase Bank rate is 7.1874 at -7.3%, the Wells Fargo Bank rate is 7.1409 at -7.9%, and the Citibank rate is 7.4974 at -3.3% compared to the mid-rate 7.7506.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank 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.
The Citibank Dollar to Hong Kong dollar comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest USD-HKD mid-rate (see Market Data below ) and the possible savings of using various providers.
Citibank's exchange rates for wire transfers are generally competitive and transparent, which makes it a good choice for customers who need to send or receive money internationally. However, it's always a good idea to compare rates and fees across different banks and financial institutions to ensure you're getting the best deal possible.
FX Order Watch: Citibank's FX Order Watch allows customers to set their own exchange rates and automatically execute foreign exchange transactions when the desired exchange rate is reached.
When you get a quote for your Citibank Wire Transfer from their website or in-app, you will see the Citibank exchange rate, but it can be difficult to then calculate how much mark-up you are being charged.
While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
Sending or receiving international transfers to or from your Citibank bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
US dollar (USD) to Hong Kong dollar (HKD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/HKD | Change | Period |
|---|---|---|---|
22 Apr 2025 | 7.7585 | 0.1% ▼ | 2 Week |
05 Feb 2025 | 7.7867 | 0.5% ▼ | 3 Month |
06 May 2024 | 7.8177 | 0.9% ▼ | 1 Year |
07 May 2020 | 7.7509 | 0% ▼ | 5 Year |
09 May 2015 | 7.7535 | 0% ▼ | 10 Year |
11 May 2005 | 7.7978 | 0.6% ▼ | 20 Year |
Here are some popular conversion amounts for USD to HKD (US dollar to Hong Kong dollar)*.
| USD | HKD |
|---|---|
| $ 129.00 | HK$ 1,000 |
| $ 645.00 | HK$ 5,000 |
| $ 2,580 | HK$ 20,000 |
| $ 12,900 | HK$ 100,000 |
More amounts
*Converted at the current USDHKD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent trends in the USD to HKD exchange rate reflect a complex interplay of factors affecting both currencies. Analysts have noted that the US dollar (USD) has faltered recently as market sentiment shifts toward risk-positive flows, reducing demand for the traditionally safe-haven currency. This comes despite favorable US payroll data indicating stronger job growth than anticipated, which typically supports the dollar. However, uncertainty surrounding the Federal Reserve's interest rate decisions may restrain the dollar's movements in the near term.
Read our full review of recent USD to HKD forecasts.
There are several ways to save on exchange rates when converting US dollar to Hong Kong dollar:
Generally speaking, if you are buying Hong Kong dollar with US dollar, then it's better for the USD/HKD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to Hong Kong — a practical currency and money guide to travel in Hong Kong plus living and doing business with the Hong Kong dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/HKD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | Hong Kong (HKD) |
Expat life in Hong Kong can be both exciting and challenging. Hong Kong is a vibrant and fast-paced city with a rich culture, history, and a mix of modern and traditional influences. It is also a major financial and business hub in Asia.
One of the main benefits of expat life in Hong Kong is the high standard of living and the availability of amenities and services. The city has a wide range of international schools, hospitals and medical facilities, supermarkets, and other amenities catering to expats.
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Additionally, Hong Kong has a high population density and the city can feel crowded and congested. Some expats may find the city to be quite crowded and busy, which can be overwhelming.
The political situation in Hong Kong has been uncertain in recent years, which can be a concern for some expats. Protests and unrest have been taking place, and travelers should be aware of the situation and take precautions.
Overall, expat life in Hong Kong can be a rich and fulfilling experience, but it also has its challenges. Expats should be prepared for the high cost of living, fast-paced lifestyle, and the potential for political unrest.
Read more at our Hong Kong (HKD) country guide
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
News2022-03-21
Recognising the impact of Covid-19 on its financial status, Hong Kong has reverted back to more lenient travel restrictions to improve life for both residents and travelers.
Further reading on the Hong Kong dollar (HKD) - Guides, Reviews & News from our research team.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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