Better to buy HKD with USD than with other currencies?

Upvote:4

HKD is pegged to USD. It's usually at a rate of HKD7.75 = USD1. It has been pegged for several decades now.

So technically there shouldn't be a difference with regards to purchasing using USD or HKD. If there is, the difference is marginal (less than 0.01%). You will find more fluctuation between JPY and HKD (and USD) because JPY is not "permanently" pegged to HKD or USD.

With that said, USD is generally more accepted than HKD, and you may find that the currency exchange you're changing money with will not accept HKD. As such, as a rule of thumb it is better to carry USD over HKD. Hope this helps.

BMak 460

📝 Where does one go through customs when transferring in the EU/Schengen?
📝 Way to avoid two bookings for a flight?
📝 Invalid purpose of visit marked on the ESTA application. Do I need to reapply?
📝 Would the most logical path from Normandy to the Bavarian Alps (Germany) pass through Lyon?
📝 One way trip from Tel Aviv to Petra and more in Jordan?
📝 Can I (a citizen of Russia) visit Ukraine without invitation, but with copies of tickets instead?
📝 Car hire out of NYC
📝 Why was I refused a tourist UK visa? Should I reapply for a business visa?
📝 Am I eligable for another visa after my Working Holiday Visa expires, if i am employed? (Canadian citizen working in the Netherlands)
📝 Change trains in Brest (Belarus) under 15 minutes?
📝 Re-entry Belgium in case of Belgium Residence Permit being stolen in London
📝 What is the difference between a visitor's permit and a visa?
📝 Does the interview for a US B1/B2 visa actually influence the decision?
📝 Is a 2hr transit enough time in Munich from Canada
📝 What time of year is the cheapest to travel to Canada from Europe?
📝 Will US Immigration know about prior travel to Cuba if a VWP national has no Cuban stamp in their passport?
📝 Forgot to add tick marks in Checklist - UK Visitor Visa
📝 Traveling via Dubai without Visa
📝 Enter China on a provincial airport like Dunhuang
📝 I-95 Carolina Hurricane Florence Highway Closures
📝 Does a Greek need a visa to visit Seoul or Moscow or Singapore?
📝 Can you enter the departure area of Heathrow Terminal 5 from a connecting flight and then exit the airport from there?
📝 I own a Mexican plated car though I am a US Citizen (I live in Mexico). I want to drive to houston TX
📝 Traveling to UK and have laptop gift for partner. Will I have to pay any import taxes?
📝 can a 16 year old travel to Russia alone? (with both russian and us passports)
📝 I used the wrong billing name when I purchased a flight
📝 Do airport border officials know which flight you came on?
📝 Crossing UK border with EEA family permit in old passport
📝 Does UKVI check other countries visa details on your old passport?
📝 What do I put here?

Source: stackoverflow.com

Travel Tips

Better to buy HKD with USD than with other currencies?

More post

Search Posts

Related post