HKD/NZD: what to know
The HKD/NZD rate shows how much NZD you get for 1 HKD. Right now, 1 HKD buys 0.2195 NZD at the mid-market rate. In the other direction, 1 NZD is worth 4.5564 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while NZD responds to soft-commodity prices and risk appetite.
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 New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the HKD/NZD rate has ranged between 0.2108 and 0.2294 — a change of +1.92% 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.