Use the currency transfer calculator below to compare exchange rates and fees for sending AUD to Hong Kong.
The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
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AUD to HKD: Historical rate chart
Updated: 19 Aug 2019 17:24:15 UTC
The Australian dollar is the fifth-most-traded currency in the world. It's commonly referred to as the "Aussie" in forex markets. When it was first created, suggestions for its name included the koala, the royal and the austral.
$5, $10, $20, $50, $100
5c, 10c, 20c, 50c, $1, $2
Hong Kong dollar
The Hong Kong dollar is the eighth-most-traded currency in the world. Hong Kong is among the world’s top financial centres and its currency is pegged to the US dollar.
Hong Kong Dollar
Sub unit symbol:
$10, $20, $50, $100, $150, $500, $1,000
10c, 20c, 50c, $1, $2, $5, $10
Real-time market rate for popular transfer amounts AUD to HKD
Australian dollars (AUD)
Hong Kong dollars (HKD)
How to get the best AUD to HKD exchange rate
These tips can help you find the best exchange rate for when you transfer your Australian dollars into Hong Kong dollars:
Monitor the mid-market exchange rate. By tracking the mid-market exchange rate (the rate at which banks buy and sell currency from one another) you can see if the rate a transfer provider offers is a good deal.
Place a forward contract. Forward contracts provide protection against a fall in the exchange rate by allowing you to buy a rate now for a future transaction.
Place a limit order. Limit orders are flexible transfer tools that allow you to get the exchange rate you want. Simply nominate your desired rate and the transfer provider will automatically send your funds when that rate becomes available.
Look for fee-free thresholds. Many online transfer companies waive their fees on large transfers.
Try and consolidate your transfers. As fees apply per transaction, you can save money by sending one large transfer instead of several smaller ones.
Make sure you’re quoted the correct rate. When comparing costs among transfer providers, make sure any rate you’re quoted is the rate you’ll receive for your transfer. Some providers can suck you in by using the mid-market rate (which you won’t receive) in their online transfer calculators.
Compare your options. Although it may be more convenient to send money through your bank, it often offers a much less competitive rate than a money transfer specialist. Compare the fees and exchange rates using our table to find the best transfer service for you.
Learn more: Why aren’t I paying today’s exchange rate?
You may have noticed the actual exchange rate differs from the rate you get once you've exchanged the money.
For example, say today's quoted exchange rate is $1 to HKD$5.72. You go to an ATM in Kowloon and withdraw money using your Australian bank card. On the receipt, you see the exchange rate differs from the rate you see online. It's $1 to HKD$5.3827, meaning you're losing more money in the exchange than the first rate. There's also the bank's fee added on at the end, resulting in a smaller amount of HKD for you.
This is referred to as the "spread" or "margin" – the difference between the mid-market rate you see on Google or XE, and what you actually get when you transfer money. Some providers offer lower fees but weaker exchange rates, while others charge no fees but profit from the margin between its rate and the mid-market rate. It's important to keep an eye on both when deciding how to transfer your money.
How can I predict the best time to exchange AUD for HKD?
While there's no guarantee when it comes to an exchange rate forecast, there are factors that can give you hints. Staying up to date with financial news, interest rate movements and import/export figures in both Australia and Hong Kong will help you gauge the strength and performance of each country’s economy.
Monitoring political developments can help; new governments could have new economic policies, while political unrest can devalue a currency. Reviewing the history of how AUD trades with HKD can also reveal patterns.
Interest rates refer to the fee you're charged for borrowing an asset like money. When you borrow money for a car loan, you'll pay interest to the bank. When you put your money into a savings account, it's the same as lending the bank your money, which is why you receive interest on it. More broadly, interest rates show the health of a country's currency.
High interest rates lead to a stronger currency. A higher interest rate will attract more foreign investors, who want to earn higher interest on their investments. This increases the demand for that currency, and therefore the value.
Low interest rates lead to a weaker currency. With low-interest rates, people are less inclined to invest their money, whether they be foreign or local.
The specific rates you should look at are the official cash rates set by each country, in this case Australia and Hong Kong.
This is the difference between the goods and services a country imports and how much it exports.
More exports lead to a stronger currency. This means there's a high demand for the country's goods, which will be bought in that country's currency. If someone wants Hong Kong goods, then they'll need to pay in Hong Kong dollars. The demand for the currency goes up and with it, its value.
More imports lead to a weaker currency. If a country is importing more than it's exporting, there's less demand for its currency. This will lead to the currency losing its value.
Imports and exports between Australia and Hong Kong are going to have a more direct effect on the exchange rate. What makes one currency stronger can often make the other weaker at the same time.
Compare the average price of a house in Sydney. In 2003, you could buy a house for $365,000, compared to just over a million dollars in 2017. This is inflation, which causes the rise in prices over time and means your dollar buys less than what it used to. As for what inflation has to do with currency exchange:
Low inflation leads to a stronger currency. Foreign investors are after countries with lower inflation, as it means their money is safer. With a low inflation rate, more investors are attracted. The more investors, the more demand for the currency.
High inflation leads to a weaker currency. High inflation means higher prices, which leads to the demand for goods to go down. With fewer exports and less interest from foreign investors, the currency will drop in value.
Offer better exchange rates closer to the mid-market rate.
Transfers can take a few days to complete.
No face-to-face service.
For you if:
You want a more competitive exchange rate and lower fees than a bank transfer. Providers also offer more flexible maximum and minimum transfer limits.
Not for you if:
You want an immediate transfer and don't want to wait to be verified. In that case, consider a transfer through your bank or to a cash pick-up location.
Lets you send money to Hong Kong within minutes.
Can be collected as cash on the other end.
High transfer fees.
Less favourable exchange rates.
For you if:
You need the money to be transferred immediately, such as in an emergency. It can also be helpful if the person you're sending to doesn't have a bank account or mobile wallet.
Not for you if:
You have the option to find a better rate with a money transfer specialist or if your recipient doesn't have access to one of the cash pick-up locations.
Convenience and familiarity.
Has physical branches with customer service.
Higher fees than online money transfers specialists.
Poor exchange rates.
Transfers can take several days to complete.
For you if:
You want the convenience of sending money from your existing bank account, without having to register and be verified by a specialised money transfer service. Your bank can usually also help set up regular transfers.
Not for you if:
You want a more competitive exchange rate and fewer fees.
Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
Sign up through Finder and get a $50 Myer gift card when you send $10,000 or more. T&Cs apply. SendFX guarantees to match any competitor's exchange rate. Fee-free transfers in 30+ currencies to over 200 countries.
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