This is what needs answering. People keep stating that wise offers better rates than the banks, but the spread always seems opaque.
Can someone @bdw? get quotes for the same amount in both directions so we can see what the spread is (in FX rates and fees).
This is IB as of 18:25HKT. (Tiny spread and US$2 fee for each trade irrespective of amount)
To open a HK IBKR account, do you need to be a resident in HK?
My issue is actually a bit more complex than HK$ to £. I have RMB which I need to convert to $HK first. I find the small currency exchange places the best for RMB to HK$ but they vary so much as well. Anyone know a decent place that they usually see is the best rate? Banks again don't look competitive.