CAD/HKD: what to know
The CAD/HKD rate shows how much HKD you get for 1 CAD. Right now, 1 CAD buys 5.6579 HKD at the mid-market rate. In the other direction, 1 HKD is worth 0.1767 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while HKD responds to its peg to the US dollar.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. 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 CAD/HKD rate has ranged between 5.5031 and 5.7732 — a change of +0.71% 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.