The live Canadian-dollar-to-Hong-Kong-dollar rate, updated every minute. Book CAD→HKD with SummitFX on WhatsApp — same-day HKD settlement when you transact during the European morning.
Use the tabs to view the last week, month, year, or five years of daily closing rates. The shaded band shows the high-low range for the period — a quick visual read on volatility.
Type in either box — enter a CAD amount to see what you'd get in HKD, or enter a target HKD amount to see how many Canadian dollars you'd need. Calculated at the live mid-market rate shown above.
Note: The rate shown is the live mid-market rate. Your actual executable rate includes a small spread — typically 0.5–1.0% at SummitFX vs 2–4% at a UK high street bank. We'll always show the full breakdown before you book.
CAD/HKD moves on CAD/USD dynamics because the Hong Kong dollar is pegged to the US dollar within a tight band of 7.75-7.85 HKD per USD, maintained by the Hong Kong Monetary Authority since 2005 (with the underlying peg structure dating to 1983). The HKMA defends this band through automatic intervention at the limits and reserves of over USD 400 billion. In practice, HKD trades very close to the band centre, meaning CAD/HKD effectively reflects CAD/USD movements — oil prices, US economic data, BoC policy, and global risk sentiment dominate.
Bank of Canada policy: The BoC sets Canadian interest rates and meets eight times a year. The post-meeting Monetary Policy Report and Tiff Macklem's press conference are the biggest scheduled CAD events. The BoC-Fed policy gap drives CAD/HKD because HKD tracks USD.
Oil prices: Canada is the fifth-largest oil producer globally and oil exports are a meaningful share of GDP. Rising oil prices typically support CAD; falling oil weighs on it. WTI is the relevant benchmark.
US data dependency: Around 75% of Canadian exports go to the US, so Canadian growth is intimately linked to US demand. US non-farm payrolls and CPI prints often move CAD as much as Canadian-specific data.
Canadian housing: The Canadian housing market is a major macro variable — both as a wealth effect on consumer spending and as a financial stability concern for the BoC. Housing-sector data and BoC commentary on financial stability can move the loonie. Vancouver and Toronto property markets are particularly sensitive given Hong Kong-Canadian buyer activity.
Risk sentiment: CAD is moderately risk-on. In stress episodes capital flees to USD safe-haven status — pushing CAD/HKD lower because HKD tracks USD and CAD weakens on oil and risk-off.
USD peg within 7.75-7.85 band: HKD is pegged to USD within a band of 7.75 (strong side) to 7.85 (weak side), with intervention automatic at the limits. The peg has been in place since 1983 (with the band system since 2005) and the HKMA defends it through guaranteed convertibility and aggressive intervention.
Federal Reserve policy: Because the HKMA maintains the USD peg, Hong Kong rates effectively track Fed rates. Fed rate decisions, FOMC statements, and the dot plot all directly affect HKD rates and the dollar's USD-derived movements against CAD.
Hong Kong-China financial integration: Hong Kong's role as the gateway between mainland China and global financial markets generates significant capital flow. Stock Connect, Bond Connect, IPO activity by Chinese companies in Hong Kong, and PBoC liquidity operations all affect HKD market dynamics within the peg band.
HKMA reserves: The HKMA holds enormous foreign exchange reserves (over USD 400 billion) accumulated through years of peg defence. These reserves are the technical mechanism for guaranteeing the peg. Markets watch HKMA aggregate balance changes for clues to recent intervention activity.
Capital flow dynamics: Hong Kong is a major financial centre with constant capital inflows and outflows from IPOs, mergers, mainland Chinese investment, and Asia-Pacific institutional rebalancing. While the peg constrains HKD movement, these flows can affect short-term dynamics within the band and HKMA intervention frequency.
Canada and Hong Kong share one of the deepest non-Anglosphere migration corridors globally. Bilateral trade is worth around C$8 billion annually, with Hong Kong serving as both a market for Canadian goods (lumber, food products, financial services) and as a gateway for Canadian businesses accessing mainland Chinese markets. The corridor's defining feature is the substantial Hong Kong-Canadian community established largely through pre-handover migration in the 1980s-90s — Vancouver and Toronto both have major Hong Kong communities (around 300,000+ Canadians of Hong Kong heritage), with Vancouver in particular known as 'Hongcouver' for the volume of HK-origin migration. The 2021 BNO visa scheme has primarily directed new HK migration to the UK, but Canada remains a popular alternative destination given established community ties and existing immigration pathways. Hong Kong-based asset managers and family offices hold substantial Canadian assets through institutional channels.
Hong Kong is 7-8 hours ahead of central Europe and 12-13 hours ahead of Toronto. To get same-day HKD delivery from European-routed bookings, the conversion needs to happen during European morning so the Hong Kong banking day is still active. By European afternoon, Hong Kong banking has typically wound down for the day.
Three things most commonly cause CAD→HKD transfers to slip past same-day:
Late CAD funding. Our cutoff is 12:00 UK time for same-day HKD settlement — earlier than CAD-USD or CAD-EUR because Hong Kong banks close in the European morning. CAD wires from Canada need to be sent during the previous Canadian business day or very early Canadian morning to reach Europe before our cutoff.
AML and source-of-funds review. Hong Kong banks apply rigorous AML checks, particularly for new beneficiary relationships, larger amounts, or business-related transfers. Standard delays are 30 minutes to 2 hours; longer reviews can occur for first-time large transfers, especially those linked to property purchases or business setup.
Hong Kong public holidays. Hong Kong observes a mix of public holidays including Lunar New Year (multi-day in late January or February), Ching Ming, Buddha's Birthday, Tuen Ng (Dragon Boat), Mid-Autumn, Chung Yeung, and standard Christmas/New Year periods. HK holidays close HKD payment systems entirely.
For tight HKD deadlines — Hong Kong property completions, business setup payments, school fee deadlines — book the day before to allow buffer for AML review and time-zone alignment. Forward contracts work well for Hong Kong corridor flow given CAD/HKD's CAD/USD-linked volatility.
CAD/HKD is the corridor for Canadian residents and businesses with meaningful Hong Kong-dollar obligations, plus anyone with Hong Kong family, property, or business interests. Common use cases:
The substantial Hong Kong-Canadian community (around 300,000+ Canadians of Hong Kong heritage) generates ongoing family-support transfers between Canadian-based earners and Hong Kong-based parents, relatives, or property holdings. Vancouver and Toronto in particular have deep Hong Kong community networks generating consistent CAD-HKD flow.
Canadian firms with Hong Kong subsidiaries — particularly in financial services, mining services, education, and consultancy — funding HK operations, paying staff, or settling HK-side supplier invoices. Many Canadian businesses use Hong Kong as their Asia-Pacific regional headquarters, generating recurring CAD-HKD flow.
Canadian buyers — particularly Hong Kong-Canadian dual residents maintaining HK property ties — purchasing Hong Kong property. HK property purchases by foreigners face the Buyer's Stamp Duty (BSD) plus other charges; budget carefully and consider forward contracts to fix the CAD cost during the typical 6-8 week conveyancing window.
Canadian families in Hong Kong with children at international schools (Canadian, British, IB, or Australian curriculum schools in HK). Predictable termly payment schedules suit forwards or rate alerts.
Canadian consultancies, mining services firms, education providers, and law firms invoicing Hong Kong clients in HKD. Hong Kong's role as the gateway to mainland China means many Canadian firms have HK-denominated billing for Asia-Pacific work.
Canadian pension funds (CPP, OMERS, Caisse de dépôt) and asset managers accessing Chinese and Asia-Pacific markets through Hong Kong-based positions including HKEX-listed equities, Stock Connect-eligible mainland Chinese equities, and HKD-denominated bonds. Topping up institutional positions generates regular CAD-HKD flow.
You can convert Canadian dollars to Hong Kong dollars through your bank, through a transfer app, or through a broker. HKD is one of the more-traded Asian currencies but bank markups remain wide for retail customers, making broker access valuable.
Everything clients typically ask about sending Canadian dollars to Hong Kong dollars. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
The Hong Kong dollar is pegged to the US dollar within a tight band of 7.75-7.85 HKD per USD. The Hong Kong Monetary Authority defends this band through automatic intervention at the limits — buying HKD if it weakens past 7.85, selling HKD if it strengthens past 7.75. The peg has held since 1983 (with the band system since 2005), and HKMA reserves of over USD 400 billion ensure the peg's credibility. In practice, CAD/HKD moves almost entirely on CAD/USD dynamics.
We never forecast — but the chart above puts today's rate in context. Because HKD tracks USD (within the narrow peg band), the question is really about CAD/USD direction — driven by oil prices, US data, BoC policy, and risk sentiment. Rate alerts let you set a target and wait passively.
Canadian and HK banks typically mark up CAD/HKD by 2–4% for retail customers. SummitFX spreads are 0.5–1.0% depending on size. On a C$500,000 corporate or property transfer that's a saving of C$10,000–C$25,000 in your favour.
Book and fund by 12:00 UK time on a business day and HKD typically lands in your beneficiary's HK account the same HK business day. The early UK cutoff exists because Hong Kong banks close during our morning. Late UK bookings settle T+1.
Yes. A forward contract fixes today's rate for delivery up to 24 months ahead. You pay a deposit (typically 5–10% of the trade) upfront and settle the balance at delivery. Common for Canadian businesses with scheduled HK supplier payments, ongoing HK office costs, or planned Asia-Pacific business expansion expenses.
No hard minimum — we handle trades from C$500 to C$5m+. Below around C$5,000 the spread widens slightly to cover fixed execution costs. For recurring family support to HK or expat salary payments, market orders or standing arrangements work better than ad-hoc bookings.
The rate shown on Google, XE, or the chart above is the mid-market rate — the midpoint of interbank buy and sell quotes. Nobody gets exactly that rate; providers add a margin. Banks typically 2–4%, Wise 0.7–1.0%, SummitFX 0.5–1.0% — with our clients also getting a named dealer and WhatsApp access.
The Hong Kong-Canadian community is one of the deepest migration corridors globally — around 300,000+ Canadians of Hong Kong heritage, established largely through pre-handover migration in the 1980s-90s. Vancouver in particular is sometimes called 'Hongcouver' given the volume of HK-origin migration. This community generates ongoing CAD-HKD flow for family support, inheritance flows, property purchases on either side, and ongoing ties between Canadian-based descendants and Hong Kong-based relatives or family assets. The 2021 BNO visa scheme has directed most new HK migration to the UK, but Canada remains a popular destination given the established community network.
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