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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 Dollar’s rise continues as advanced GDP figures showed the US economy grew four percent in the second quarter to June. Comfortably above average forecasts the strong reading surprised investors triggering a Greenback rally with the world’s base currency advancing against all but a few major peers. Supported by a sturdy preliminary non-farm payroll report that suggests the economy will add some 200,000+ jobs when official number hit the docket Friday the string of positive data underpins the strength of economic recovery. The rally was however pared by a dovish Federal Open Market Committee Statement wherein Fed officials cited concerns over slack in the labour market while reiterating that interest rates will remain unchanged for a “considerable time”. In other news the Euro broke below 1.3400 as German inflation data disappointed investors compounding fears Europe’s largest economy is stagnating. The 18 nation bloc’s unit traded to an intraday low of 1.3366 and opens this morning under the guise of further downward pressure as investor focus is directed to Core CPI this evening ahead of US non-farm payroll numbers Friday. Soft European inflation and a strong US jobs report could see the EUR/USD move close to a weekly close near 1.3200.
Data releases
Building Approvals, Import Prices and Private Sector Credit
NZD: No Data
Average Cash Earnings and Housing starts
GBP: Nationwide HPI m/m
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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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