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Hong Kong
 

HKD 1.00 = USD Inter-Bank Mid-Market Rate    Invert Rate
Here at BER we are dedicated to helping you find the best possible currency exchange rates for Hong Kong Dollar Wire Transfers plus market research and information on both banks and non-bank currency providers. Select
HKD Mid-Rates & Charts (30 days & 3 years) :

Daily Currency Market Commentary
Daily currency news provided by OzForex

The U.S Dollar has capped off its broadest monthly advance in more than a year after better than expected unemployment claims boosted overall labour market strength and fired increased speculation the Federal Reserve will look to adopt a more hawkish stance. The Fed has labelled labour market stability as key to its monetary policy decision making and the reduction in unemployment claims on a four week average bolsters expectations that with strong Non-Farm payroll numbers the central bank will be forced to stash its dovish tone. The Greenback rally was buoyed further as Argentina failed to meet debt repayments defaulting for the second time in 13 years and sparking a widespread flight to safe haven assets.
The Euro met increased downward pressure as the 18 nations inflation report revealed an unexpected slow down. The inflation rate fell from 0.5% in June to 0.4% for July a reading well below the European Central Bank’s 2% target. The bloc unit’s currency has struggled to keep pace with its US counterpart and looks set to close the week below 1.34.
Data releases
PPI and AIG Manufacturing Index
NZD: No Data
BoJ Gov Kuroda Speaks and Final Manufacturing PMI
View more currency reports

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

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook