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HKD/USD Exchange Rate

HKD 1.00 = USD Reference Mid-Rate       /
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BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.

Daily Currency Market Commentary
Daily currency news provided by OzForex

The Euro ended the week trading sharply lower against most major currencies after comments from European Central Bank president Mario Draghi once again stressed authorities would do what was needed to boost the economy in the Eurozone. Onlookers interpreted a sign for further stimulus programs are be close to being introduced as Draghi reiterated the EcB would move rapidly if economic growth continued to struggle. The Euro opens this morning at 1.2366 nearly 2 cents lower than Friday and investors will pay close attention to weekly data releases beginning with German Ifo business climate for direction and clues to the EcB’s next move. 
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Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

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