I am trying to work out the most efficient way to send a fairly large amount of money from Australia to HK, and also to convert that amount from AU$ to HK$ (either in one go or gradually over time).
Three options that immediately come to mind are:
1. Wire an AU$ amount to my AU$ bank account at HSBC, then use HSBC's exchange rate to convert from my AU$ account to my HK$ account with HSBC.
2. Convert it to HKD in Australia, then wire it to HK as HK$.
3. Bring it over in cold hard AU$ cash, then do the Chung King mansions thing. Before anybody asks I'm not worried about the US$10k limit thing or safety issues, I have those covered. I am pretty sure Chung King mansions seems to have the best cash HK$/AU$ exchange rate in HK, and the best desk to use at CKM seems to be Shop 3B (HongKong Crown Exchange Ltd), they are second or third on the left as you enter CKM from the main road. They always seem to come in about half a cent better than everyone else at CKM.
Anybody had any experience with this? Obviously I am looking for best rate possible, and for a large amount would be quite prepared to jump through some hoops to get it.
Does anybody know whether you can withdraw foreign exchange notes (as in folding money US$, AU$, ?, GBP, etc) out of foreign currency bank accounts in HK?
Thanks in advance for any help