Currency Exchange in Hong Kong
Currency exchange in Hong Kong transactions are under generally simple procedures, with banks around the world trading the currency and money exchange bureaus offering their own rates. There is no problem changing foreign currencies in this country, but expats can check with their bank back home for multi currency accounts and transfers.
Contact a Money Transfer Broker Today
Free currency quotes: get the best rate now !
An online brokerage firm created seven years ago by industry specialists is Currency Index, providing expatriates in Hong Kong competitive foreign exchange rates and the highest brand of service. This lends the firm an edge over its competitors in the industry, including high street banks. Currency Index is one of the first currency brokers recognized by the FSA as an Authorized Payment Institution.
Margin
0.60%
Margin description
0.25% - 0.60% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£7 or £12 - No fee for transfers above £30,000
Min
No minimum
Currencies
Wide range of major and exotic currencies
Options
Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order
With Moneycorp, Hong Kong expats work with a dedicated financial manager who assesses their specific requirements and provides the most appropriate financial solutions. Being a firm believer in time being of the essence, the company provides regular, up-to-date insights on developments in the market, making it easier for clients to make wiser decisions on their forex activities.
Margin
0.6%
Margin description
0.25% - 1% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£0
Min
£1,000 or £250 Regular Payments
Currencies
76 Currencies
Options
Bank to bank - one off or regular payments