Hong Kong Dollar to Philippine Peso (HKD/PHP) Exchange Rate Today
Fixed rateToday's rate, how it compares to the last 30 days, and what you'll actually pay to convert.
Mid-market rate - no bank markup 200+ currencies Free
HKD to PHP Conversion Table
Common amounts converted from Hong Kong Dollar to Philippine Peso at today's rate.
| Hong Kong Dollar (HKD) | Philippine Peso (PHP) |
|---|---|
| 1 HKD | — |
| 5 HKD | — |
| 10 HKD | — |
| 25 HKD | — |
| 50 HKD | — |
| 100 HKD | — |
| 250 HKD | — |
| 500 HKD | — |
| 1,000 HKD | — |
| 5,000 HKD | — |
| 10,000 HKD | — |
| 50,000 HKD | — |
How much Philippine Peso will you actually receive?
Estimated cost to convert HKD 1,000 to PHP with different transfer services. Fees are sourced from published pricing pages and may vary by amount, payment method, and destination.
| Service | Rate | Fee | Total Cost | PHP received |
|---|---|---|---|---|
| Mid-market rate | — | - | - | — |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| Typical bank Mar 2026 | — | — | — | — |
| Bureau de change Mar 2026 | — | — | — | — |
Some links are affiliate links and may earn us a commission at no extra cost to you. This does not affect our ranking - we sort by lowest total cost to you. Fees are estimates based on published pricing and may differ from your actual quote.
HKD/PHP is a pegged rate - here is what that means
This currency pair involves a peg, so the exchange rate barely moves. Timing your conversion makes almost no difference. Instead, focus entirely on minimising the fees and markup charged by your provider. The provider table above shows how much each one would charge.
HKD/PHP rate statistics
Is today's HKD/PHP rate good or bad?
We compare today's live Hong Kong Dollar to Philippine Peso mid-market rate against its 30-day and 52-week trading range. When the rate is near the top of its recent range, HKD holders get more Philippine Peso per unit - a better time to convert. When it is near the bottom, you may want to watch and wait.
The Hong Kong dollar is pegged to USD at 7.75-7.85. For pairs involving HKD and non-USD currencies, the rate effectively mirrors the other currency's USD rate. Timing makes minimal difference - focus on fees.
The live analysis below updates throughout market hours and shows exactly where today's rate sits in context.
What is the HKD/PHP exchange rate?
The HKD/PHP rate tracks how many Philippine Peso one Hong Kong Dollar buys. The Philippine peso is heavily influenced by remittance inflows - overseas Filipino workers send home over $35 billion annually - and BSP monetary policy.
HKD is issued by the Hong Kong Monetary Authority (HKMA) (ranked 9th globally - meaning it's the 9th most bought and sold currency in the world). PHP is issued by the Bangko Sentral ng Pilipinas (BSP) (ranked 28th). Full HKD profile | Full PHP profile
Hong Kong Dollar to Philippine Peso is popular with travellers to the Philippines and the large Filipino diaspora sending remittances home.
Is today's HKD/PHP rate good or bad?
The Hong Kong Dollar to Philippine Peso mid-market rate shown above is the reference price before any provider adds fees or markup. It is not a guaranteed quote - your bank, card issuer, or transfer service will offer a different rate that includes their margin.
On a typical conversion, banks add 0.5-1.5% to this rate. The gap between the mid-market rate and what you actually receive is the real cost of converting - often larger than any flat fee. Because HKD/PHP is a pegged or near-pegged rate, the bank's exchange rate risk is minimal - but they still charge for the service. Focus on fees rather than timing.
Exchange rate regime
Note: Hong Kong Dollar is pegged to USD within a 7.75-7.85 band. This means Hong Kong Dollar/Philippine Peso effectively tracks USD/Philippine Peso. Timing matters less than your provider's markup.
Converting Hong Kong Dollar to Philippine Peso? Read this first
Sending money to the Philippines? Remittances account for roughly 10% of the Philippine economy. Services like Wise compete aggressively on this corridor, often offering better rates than banks.
Watch out: Banks typically charge 3-5% on HKD to PHP transfers. Regulated online services like Wise are equally safe and usually much cheaper. Always compare the final received amount, not just the fee.
Frequently asked questions
Is now a good time to convert HKD to PHP?
Timing a currency conversion depends on your personal circumstances - your upcoming expenses, cash flow needs, and risk tolerance - rather than market conditions alone. The HKD/PHP rate shown in the rate panel above reflects current market pricing, but only you can decide if converting now aligns with when you need Philippine Pesos.
If you have flexibility, reviewing historical price trends in the chart above may help you understand whether the current rate sits high or low compared to recent months, but this alone cannot tell you whether to act today.
What moves the HKD/PHP exchange rate?
The HKD/PHP rate responds primarily to shifts in Philippine economic data and monetary policy from the Bangko Sentral ng Pilipinas, since the Hong Kong Monetary Authority maintains a peg that keeps the Hong Kong Dollar tightly linked to the US Dollar. Interest rate decisions, inflation figures, and growth forecasts from Manila influence how traders value the Philippine Peso relative to the pegged HKD.
Risk sentiment in Asian markets, capital flows into or out of the Philippines, and changes in US Federal Reserve policy (which indirectly affects the HKD peg) also drive movement in this pair.
Will Hong Kong Dollar get stronger or weaker against Philippine Peso?
We cannot forecast whether the HKD will strengthen or weaken against the PHP - predicting currency movements requires assumptions about future economic data, central bank actions, and market sentiment that remain uncertain. What we can tell you is that the Hong Kong Monetary Authority's peg to the US Dollar constrains how far HKD can move, while the Bangko Sentral ng Pilipinas sets policy for the Peso independently.
Factors to watch include Philippine inflation trends, interest rate decisions from Manila, and broader shifts in regional capital flows, all of which historically influence this pair.
How can I avoid fees when converting HKD to PHP?
Fee structures vary widely by provider - banks, money transfer services, and currency brokers each charge different amounts. Rather than recommending a specific provider, compare the all-in cost (exchange rate markup plus explicit fees) across at least three options before committing.
Some services waive fees on larger transfers, others offer better rates to account holders, and peer-to-peer platforms sometimes undercut traditional institutions. Check the terms of each provider to understand exactly what you pay beyond the mid-market rate shown in the rate panel above.
Should I exchange Philippine Peso at home or abroad?
Exchanging currency at home versus abroad depends on where you find the best rate and lowest fees, not on geography alone. Airport exchanges in either Hong Kong or the Philippines typically charge wider markups than banks or dedicated currency services, so comparing rates before travel is worthwhile.
If you exchange in Hong Kong before traveling to the Philippines, you control timing and can shop rates ahead of time. If you wait to exchange in the Philippines, you may find competitive rates at local banks or money changers, but you lose the ability to compare options beforehand - check what major Philippine banks offer to set your benchmark.
How far does Hong Kong Dollar go in the Philippines?
The purchasing power of the Hong Kong Dollar in the Philippines depends on the current HKD/PHP rate shown in the rate panel above and local price levels - both of which shift over time. A given amount of HKD will buy different quantities of goods, meals, or services depending on where in the Philippines you are: costs in Manila differ from provincial areas, and tourist zones carry different prices than local neighborhoods.
Rather than stating fixed purchasing power, we recommend checking current prices for items or services you plan to purchase, then converting your budget using the rate panel to see what the actual cost is in HKD terms.
What is the cheapest way to send HKD to PHP?
Cost depends on the amount you send, your bank relationships, and available services - there is no single cheapest method for everyone. International bank transfers, specialist money transfer firms, and peer-to-peer platforms each offer different rate markups and fee schedules.
Larger remittances sometimes qualify for better rates at banks, while smaller transfers may favor online platforms with flat fees. Compare the total cost (including the exchange rate markup) across at least three providers for your specific amount before deciding, since a seemingly lower fee may hide a worse exchange rate.
Why does HKD/PHP barely move?
The Hong Kong Monetary Authority maintains a peg that fixes the Hong Kong Dollar to the US Dollar within a narrow band, which constrains how much HKD can fluctuate against other currencies. While the Philippine Peso floats freely and responds to economic data and Bangko Sentral ng Pilipinas policy decisions, the HKD's peg means most of the pair's movement comes from changes in the PHP side rather than the HKD side.
This structural asymmetry - one currency pegged, one floating - produces less volatility than pairs where both currencies move independently, so traders looking for daily swings typically find this pair relatively quiet.
Learn more
- HKMA - Linked Exchange Rate - Hong Kong's currency peg system
- BSP - Exchange Rates - Bangko Sentral ng Pilipinas daily rates
How this rate is calculated
We prefer a direct rate from our primary data source when one is available. If a direct quote is unavailable, we compute a cross-rate through a major intermediary currency (usually USD or EUR). When a rate is derived rather than directly quoted, we label it on the page. Full methodology.