AUD/HKD: what to know
The AUD/HKD rate shows how much HKD you get for 1 AUD. Right now, 1 AUD buys 5.6286 HKD at the mid-market rate. In the other direction, 1 HKD is worth 0.1777 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while HKD responds to its peg to the US dollar.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank.
Over the past 12 months the AUD/HKD rate has ranged between 5.0143 and 5.6835 — a change of +8.28% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.