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Currency Exchange and Trading
What are Currency Exchange and Trading?
Apart from exchanging currencies to meet your travelling needs, you can trade currencies to gain potentially higher interest returns and capital appreciation by holding non-HKD currencies.
24-Hour Currency Exchange Service
- Trade currencies around-the-clock1, with real-time tradable rates, through HSBC's 24-Hour Currency Exchange Service.
- 11 major currencies2 offered at a competitive currency exchange rate.
Pre-order Foreign Currency Service (exclusive for HSBC Premier customers)
- Order your foreign currencies hassle free on Internet Banking up to 5 business days in advance for 10 major currencies3.
- Speedy next day collection4 in any HSBC Premier Center in Hong Kong
- Priority counter service for collection to save your queue time.
ForEx/Renminbi Switching Services5
- Buy/sell currencies when your pre-set exchange rate and/or frequency (e.g. daily) criteria are met.
- Transfer funds automatically from your HKD account to your foreign currency/Renminbi accounts (or vice versa) when your pre-set criteria are met.
What else should I know?
Next Steps...
HSBC Internet Banking Users
Not yet a HSBC Internet Banking User
Manage your account online...
Logon to HSBC Internet Banking to set up / modify ForEx / RMB Switching, get rates and many more.
Currency Exchange Tools
Exchange Rates
Get the latest currency exchange rate for major world currencies
Currency Calculator
Calculate the amount of Hong Kong dollars required for the currency exchange
FCY Interest Rates
Get the latest interest rates for major world currencies
Risk Disclosure
Currency conversion risk - the value of your RMB deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your RMB deposit to other currencies at an exchange rate that is less favorable than the exchange rate in which you made your original conversion to RMB, you may suffer loss in principal.
RMB is currently not freely convertible and subject to regulatory restrictions. For personal customers, conversions conducted through RMB deposit accounts with banks in Hong Kong are subject to the limit of up to RMB20,000 per person per day. You should allow time for conversion of RMB from/to another currency of an amount exceeding the daily limit.
1 It will be processed on the transfer date as specified in your instruction subject to the following:If you wish to process a transfer on the same day you place it, please submit the instruction from Monday 5am to Saturday 4:59am or Saturday 8am to 4:30pm. The reference to "business day" means a day, other than a Saturday, Sunday or public holiday, on which banks are open for general business in Hong Kong. Please note that same day transfer cannot be processed on 1 Jan, 25 Dec, 12 midnight to 7:59 am on 26 Dec and 2 Jan.
If your forward-dated instruction falls on a business day on which the Black Rainstorm Warning Signal or Typhoon #8 or above Signal is hoisted, your said instruction may be processed on the same day or the next business day depending on whether the Signal is lowered that day and if so, at what hours. Please always check your HSBC internet banking email box for the status of your transaction.
2 11 major currencies include Australian Dollar, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Pound Sterling, Singapore Dollar, Swiss Franc, Thai Baht, US Dollar, and Renminbi.
3 10 major currencies include Australian Dollar, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Pound Sterling, Singapore Dollar, Thai Baht, US Dollar, and Renminbi.
4 For order submitted at or before 15:00 HKT on any business day (Monday to Friday, except Public Holidays), the earliest collection day will be the following business day.
5 ForEx Switching service/Renminbi Switching Service is only available to HSBC Premier, HSBC Advance, SmartVantage customers, Renminbi Savings Account, HK Dollar Statement Savings Account and CombiNations Statement Savings Account customers.
