HKD/CAD: what to know
The HKD/CAD rate shows how much CAD you get for 1 HKD. Right now, 1 HKD buys 0.1769 CAD at the mid-market rate. In the other direction, 1 CAD is worth 5.6543 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while CAD responds to oil prices and the US economy.
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 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”.
Over the past 12 months the HKD/CAD rate has ranged between 0.1732 and 0.1817 — a change of -0.70% 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.