Like Tree4Likes

Exchanging hkd to gbp in hk or UK?

Closed Thread
Page 2 of 2 FirstFirst 1 2
  1. #11

    They are probably wishing they had waited - GBP/HKD has moved ~4% since end of May...That said - HSBC premier is treating us like muppets.


  2. #12

    Join Date
    Jan 2017
    Posts
    83
    Quote Originally Posted by Elefant&Castle:
    They are probably wishing they had waited - GBP/HKD has moved ~4% since end of May...That said - HSBC premier is treating us like muppets.
    You're right, actually all banks treat us as muppets when we need FX. You get the "preferential rate' at HSBC Premier. But it's way inferior to the interbank rate which everyone can get, and when l checked the "preferential rate' against a tiny local FX exchange place for GBP/HKD it was inferior! True, the amount you can exchange would never match HSBC, but the rate was better and should be ok for ~50,000HKD, l guess.
    if going to FX a larger amount get a broker that gives interbank rates, preferably free telegraphic transfers and minuscule commissions or get someone who has a broker account to do it for you, it can save you 1000's, typically 0.3-1% better rate and no tt charge l can do for GBP/HKD, USD/HKD. https://www.interactivebrokers.com.h...ndex.php?f=759 has some info on pairs