Send money from Hong Kong to Philippines at best rates

Highest remittance rate for converting 1 HKD to PHP = 7.26

Best way to send money from Hong Kong to Philippines

If you need to transfer money to Hong Kong from the Philippines urgently, you can find a fast service provider. If you are short of cash and wish to send your money with the minimal costs incurred, you can opt for a cheaper and more affordable service provider. But is there a transfer option that has a combination of both?

Find out how international money transfer service providers such as XE Money creates a balance between costs, speed and convenience to suit your preference.

About HKD and PHP

The Hong-Kong Dollar is one of the most widely used currencies in the world today. As a result, many banks allow you to send money from Hong-Kong to most parts of the world including the Philippines. However, banks are relatively slow when compared to other available options and charge you high for their services.

Instead of sending funds through the bank, why not learn how XE Money and other international service providers make it easy for you to remit money to the Philippines at a cheaper cost.

Country Guide - Philippines


Mid Market Rate



Mid Market Rate


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You Pay (Includes Fee $ 2.5) $ 500
Receiving Amount
₱ 3646.4263
Realized Exchange Rate
instarem HKD to PHP Exchange Rate
Best Value


Transfer Time : 1-2 Days
Instarem is a one of the safest & leading money transfer service provider for sending money from Hong Kong to Philippines for sending amount 500. Today’s Instarem exchange rate for sending money from HKD to PHP is 7.3295 with a $ 2.5 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 7.26. The pay in options available are Bank, also you can receive money using Bank, at multiple Instarem partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Instarem click here

More Available Options

You can check rates of some more providers that may support your country
With a worldwide agent network of more than 314,000 locations in 144 countries and growing
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
<p>Trusted by millions for every kind of online global payment, Skrill now makes payments simple, secure and quick in nearly 200 countries and 40 currencies.</p>
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

The best way to send money from Hong Kong to the Philippines

You can send money from Hong-Kong to the Philippines anytime you want without any restrictions on the amount you wish to send or the method through which you want to send the money. However, with all these options, you have to limit yourself to one service provider that suits your best interests and tastes.

Some of these money transfer companies you can use when doing this transfer from Hong-Kong to the Philippines are:

Instarem: Instarem has a simple registration process through which you can quickly register and have your money sent within minutes. It charges a percentage on the country you are sending your money to and the mode through which you choose to send that money. Moreover, its transparent fee structure is what makes it gain trust among its people.

WorldRemit: WorldRemit is an international transfer company that offers online money remittance to expatriates and migrant workers. It covers a large number of countries and is a good choice for most people as it offers competitive exchange rates than banks and other direct cash transfer service providers. Moreover, it has flexible payment options hence you can choose to pay via cash, through the bank or mobile money. It is thus diverse and can be used by many people.

OFX: OFX ranks among the top 3 companies that offer competitive exchange rates as well as speeds when it comes to transferring money from Hong Kong to the Philippines. It offers international transfer services to Individuals, sole traders and businessmen. It has a wide scope based on the reason that it offers multilingual support thus the limit on who cannot use OFX is limitless.

5 things to consider before sending money to the Philippines from Hong-Kong

When sending money from Hong-Kong to the Philippines, you have to be careful in every step of the way. One important aspect that you cannot afford to miss out on is the attributes of each transfer option that comes your way. You have to be prudent enough to know what to take and what to forego based on how you want your money sent. Some of the factors to look at in a service provider are:

  1. Convenience: How available are your service providers? How easy is it for them to convey their services to you? Are they close and how fast can you get to them or use them when you want to send your money from Hong Kong to the Philippines?
  2. ExchangeRate: To prevent yourself from suffering a bad loss due to the volatile exchange rates and transitions in the global market, always check exchange rate IQ and make sure that the HKD-PHP exchange rate margin is low.
  3. Transfer speed: If you want the fastest way to send money from Hong Kong to the Philippines, consider using online money transfer service providers such as Instaremsince they are fast and can deliver your transfer almost instantly. If you rely on banks, then be sure that you are willing to sacrifice a little more time for your money to be remitted.
  4. Pick-up methods: Different transfer options provide different pick-up methods through which your recipient can receive and collect his or her money. It can be through the bank, home delivery, cash pick-up at agent locations or your mobile wallet.
  5. Customer service: Just how good is your service provider when it comes to tending to their customer’s needs?


Can I cancel a transfer that I sent to the wrong address?

You can easily cancel a transfer that you sent to the wrong address if you contact your service providers early enough as per their grace period schedule. Always make sure that you understand the terms of using a money transfer services with regards to security and liability claims.

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How much can I send in a day when using online money transfer services?

Depending on the maximum and minimum limit of the service provider you have chosen, you can send any amount you want to if it allows so. You can also choose to phase your transfers into periodic remittances until you are done sending the amount of money you wish to send.

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What is the cheapest way of sending money from Hong Kong to Philippines?

Online money transfer services are generally the cheapest way to send money from Hong Kong to the Philippines. The only disadvantage is that most of these transactions can take longer to complete if compared with expensive money transfer services.

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Historical Mid Market Exchange Rate From Hong Kong Dollar (HKD) to Peso (PHP) (Weekly)

Current Exchange Rate(Mid Market) :- 7.33 PHP/HKD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion HKD To PHP

Send Hong Kong Dollar To PHILIPPINES Receive Peso
1 HKD TO PHP 7.33
50 HKD TO PHP 366.5
100 HKD TO PHP 733
250 HKD TO PHP 1832.5
500 HKD TO PHP 3665
1000 HKD TO PHP 7330
5000 HKD TO PHP 36650
10000 HKD TO PHP 73300
Send Peso Receive Hong Kong Dollar From PHILIPPINES
1000 PHP FROM HKD --
5000 PHP FROM HKD --
10000 PHP FROM HKD --

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate HKD to PHP

Company Name Live Exchange Rate
XE Money Transfer ₱ 7.33
Instarem ₱ 7.33

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