HKD/AUD: what to know
The HKD/AUD rate shows how much AUD you get for 1 HKD. Right now, 1 HKD buys 0.1777 AUD at the mid-market rate. In the other direction, 1 AUD is worth 5.6286 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while AUD responds to commodity prices and Chinese demand.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the HKD/AUD rate has ranged between 0.1759 and 0.1994 — a change of -7.64% 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.