The live Hong-Kong-dollar-to-Canadian-dollar rate, updated every minute. Book HKD→CAD with SummitFX on WhatsApp — we accept incoming HKD via SWIFT and settle CAD via SWIFT to your Canadian recipient bank.
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 HKD amount to see what you'd get in CAD, or enter a target CAD amount to see how many Hong Kong 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.
HKD/CAD is the mirror of CAD/HKD — read from the Hong Kong side. Because HKD is pegged to USD within a tight band (7.75-7.85), the pair effectively moves on USD/CAD dynamics. BoC versus Federal Reserve policy, oil prices, US economic data, and global risk sentiment dominate. The Hong Kong Monetary Authority defends the peg through automatic intervention, meaning HK rates effectively track US rates and HKD movements against CAD reflect USD/CAD movements.
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). The Hong Kong Monetary Authority defends the band through automatic intervention. The peg has held continuously since 1983 (with the current band system since 2005).
Federal Reserve policy (via HKMA): Because the HKMA maintains the USD peg, Hong Kong rates effectively track Fed rates. Fed decisions, FOMC statements, and the quarterly dot plot all directly affect HKD rates and the dollar's USD-derived movements against CAD.
Hong Kong-mainland China 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, and PBoC liquidity operations all affect HKD market dynamics within the peg band.
HKMA reserves and intervention: The HKMA holds over USD 400 billion in foreign exchange reserves accumulated through years of peg defence. Aggregate balance changes are watched for clues to intervention activity. The peg's credibility is rooted in these substantial reserves.
Hong Kong-specific capital flows: BNO migration outflows (since 2021), inbound mainland Chinese investment, IPO and corporate finance activity, and Asia-Pacific institutional rebalancing all generate HKD-related flows. While the peg constrains HKD movement, these flows can affect intervention frequency.
Bank of Canada policy: The BoC sets Canadian interest rates and meets eight times a year. The cash rate is the dominant CAD driver. The BoC-Fed policy gap drives HKD/CAD because HKD tracks USD.
Oil prices: Canada is a major oil producer; oil exports are a meaningful share of national GDP. Rising oil prices typically support CAD; falling oil weighs on it. WTI is the relevant benchmark.
US data and Fed policy: Around 75% of Canadian exports go to the US, so Canadian growth is closely linked to US demand. US non-farm payrolls and CPI prints often move CAD as much as Canadian-specific data.
Canadian housing market: Canadian housing is a meaningful macro variable, affecting both consumer wealth and BoC's financial stability concerns. Vancouver and Toronto property markets are particularly sensitive given Hong Kong-Canadian buyer activity in those cities.
Risk sentiment: CAD is moderately risk-on. In stress episodes capital flees to USD safe-haven status — pushing HKD/CAD higher because HKD tracks USD and CAD weakens on oil and risk-off.
Hong Kong and Canada share one of the deepest non-Anglosphere migration corridors globally. Bilateral trade is worth around C$8 billion annually. The corridor's defining feature is the established Hong Kong-Canadian community — around 300,000+ Canadians of Hong Kong heritage, with Vancouver and Toronto hosting the largest concentrations. The 2021 BNO visa scheme has primarily directed new HK migration to the UK, but Canada remains a popular alternative given existing community networks. Hong Kong is also a major source of Canadian property buyers (particularly in Vancouver and Toronto) and Canadian university students. Hong Kong-based asset managers and family offices hold substantial Canadian assets through institutional channels.
HKD→CAD settles via SWIFT through our Canadian correspondent network. Time-zone alignment matters — Hong Kong is 12-13 hours ahead of Toronto and 7-8 hours ahead of central Europe, so HK morning bookings reach the UK around mid-morning UK time, but afternoon HK bookings often arrive after our cutoff.
Three things most commonly cause HKD→CAD transfers to miss same-day settlement:
Late HKD arrival in UK time. Our cutoff is 11:00 UK time for same-day CAD settlement — early because we need conversion done while UK banks are processing actively. HKD wires sent from Hong Kong in the morning typically arrive in the UK by mid-morning UK time, but afternoon HK bookings often miss our cutoff. Plan to send from Hong Kong early in the local business day.
BNO-related and large-amount AML review. Inbound HKD transfers above C$100,000 equivalent or linked to migration applications, property purchases, or business setup may trigger AML review on our side, particularly for first-time senders. Standard delays are 30 minutes to 2 hours; longer reviews can occur for very large transfers requiring source-of-funds documentation.
Canadian or Hong Kong holidays. If Canadian banks are closed (Canada Day, Thanksgiving in October, Family Day, Victoria Day), CAD wires won't post. If HK banks are closed (Lunar New Year, Ching Ming, Mid-Autumn, etc.), your HKD wire won't be initiated. Plan around both calendars when settlement timing is critical.
For tight CAD deadlines — Canadian property completions, supplier invoices, business obligations — book the day before and let the conversion settle overnight. Forward contracts are particularly valuable for HK migrants planning Canadian property purchases over the months ahead, locking the HKD/CAD rate against currency moves during their move.
HKD/CAD is the corridor for Hong Kong residents and businesses with meaningful CAD obligations. Hong Kong's deep migration corridor with Canada plus its role as Asia-Pacific financial hub generate substantial outbound CAD demand. Common use cases:
HK buyers — both private individuals and institutional players — purchasing Canadian property in Vancouver, Toronto, Calgary, and Montreal. Hong Kong has historically been one of the top sources of foreign buyers for Canadian residential property, particularly in Vancouver. Some provinces have foreign-buyer taxes (BC, Ontario) — understand the rules before committing. Forward contracts protect deal economics from currency moves during the typical 4-8 week conveyancing window.
Hong Kong residents migrating to Canada under skilled-worker, family reunification, or investor pathways. While the BNO scheme directs most new HK migration to the UK, Canada remains a meaningful destination given established Hong Kong-Canadian community networks. These are typically large one-off transfers — savings, MPF lump sums, property sale proceeds — where broker spreads make a meaningful difference.
Hong Kong-based asset managers, family offices, and institutional investors allocating to Canadian government bonds, TSX-listed equities, infrastructure, and commercial real estate. Hong Kong's role as a financial hub means significant CAD-denominated institutional positions, with regular rebalancing flow.
Hong Kong entities paying Canadian consultancies, mining services firms, law firms, and educational institutions in CAD. The reverse-direction flow generated by Hong Kong's role as Asia-Pacific regional hub for Canadian firms.
Hong Kong families with children at Canadian boarding schools or universities (UBC, Toronto, McGill, Waterloo). Predictable termly payment schedules suit forwards or rate alerts. The Hong Kong-Canadian student corridor is well-established and substantial.
Hong Kong residents drawing Canadian pension income, Canada-bound migrants transferring MPF accumulations, or dual residents managing pension entitlements across both jurisdictions. Regular monthly conversions and one-off lump sums both benefit from broker spreads.
You can convert Hong Kong dollars to Canadian dollars through your bank, through a transfer app, or through a broker. HKD is moderately liquid but bank markups remain wide for retail customers, particularly for the larger transfers that characterise this corridor's institutional and migration flows.
Everything clients typically ask about sending Hong Kong dollars to Canadian dollars. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
Because 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, and HKMA reserves of over USD 400 billion make the peg highly credible. In practice HKD trades very close to the band centre, so HKD/CAD moves track USD/CAD almost exactly — oil prices, US data, BoC versus Fed policy, and global risk sentiment dominate.
We never forecast — but the chart above puts today's rate in context. Because HKD tracks USD, the question is really about USD/CAD direction. Rate alerts let you set a target level and wait passively rather than guessing on macro.
Hong Kong and Canadian banks typically mark up HKD/CAD by 2–4% for retail customers. SummitFX spreads are 0.5–1.0% depending on size. On a HKD 5,000,000 migration or property transfer (~C$850,000), the saving versus a bank can run from C$15,000 to C$30,000.
If your HKD arrives with us by 11:00 UK time on a UK business day, we settle the CAD the same day. SWIFT delivery to Canadian recipient banks typically takes a few hours. Send your HKD wire in the Hong Kong morning to give the best chance of same-day Canadian settlement — this corresponds to UK overnight, so the wire is typically arriving as the UK business day starts.
Yes — and we strongly recommend it for HK migrants planning Canadian property purchases. Canadian conveyancing typically runs 4-8 weeks during which HKD/CAD can move several percent (because USD/CAD can move several percent on oil price or risk sentiment shifts). A forward contract fixes today's rate for delivery on completion day. You pay a deposit (5–10% of the trade) upfront and settle the balance at completion.
No hard minimum — we handle trades from HKD 5,000 to HKD 50m+. Below around HKD 50,000 (~C$8,500) the spread widens slightly to cover fixed execution costs. For recurring smaller payments to Canadian family or for ongoing remittance, 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 non-Anglosphere 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' for the volume of HK-origin migration. The 2021 BNO visa scheme has directed most new HK migration to the UK, but Canada remains popular given established community networks. This corridor generates ongoing HKD-CAD flow for family support, inheritance flows, property purchases, university tuition, and retirement migration in both directions.
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