Wise
Wise Payments Limited
Best for
Lowest USD/HKD spread
Spread 35 bps
Transfer 5 min
Best mid-market rate for HKD conversions, fast.
HK bank ✓ 5★ App 0.55% of amount (min HK$5)
Currency exchange
Where to exchange USD/HKD?
Compare HK banks, virtual wallets, and money changers by real spread.
Crown Currency Exchange
Crown Currency Exchange (HK) Ltd
Best for
Cash pickup in Mongkok
Spread 50 bps
Transfer 1 min
Established Mongkok counter, competitive cash rates.
No service fee — spread only
DBS Multi-Currency Account
DBS Bank HK
Best for
Hold multiple currencies in 1 bank
Spread 70 bps
Transfer Instant
Convenience-priced for DBS customers, instant in-account swap.
HK bank ✓ No FX fee for in-account conversion
HSBC HK FX
HSBC
Best for
Largest HK bank, trusted
Spread 110 bps
Transfer Instant
Most expensive spread but most convenient for HSBC clients.
HK bank ✓ No FX fee for existing customers
Frequently asked
FX spread is the gap between the rate the provider buys from the market and what they sell to you. Wise might charge 35 bps (0.35%); HSBC ~110 bps (1.1%). On HK$1M USD/HKD conversion, that's HK$3,500 vs HK$11,000 in spread alone. Multiplied by trade frequency it adds up.