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Best option: Wise
We tested & reviewed 9 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 90.9% of Hong Kong to Philippines searches, and was the top rated company supporting money transfers between HKD and PHP.
For a great mix of cost, speed & features, transfer from Hong Kong to Philippine Peso using Wise.
How to to send from Hong Kong to Philippines in the best way
- Always compare rates
Money transfers to Philippines should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from Hong Kong to the Philippines.
- Choose a provider
Select the provider that offers you the best value on your Hong Kong Dollar & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to the Philippines.
Summary of recent searches
Considerations for money transfers from Hong Kong to Philippines
Comparing providers offering services between Hong Kong and the Philippines, based on your specific needs is the best way to send money with confidence.
Our comparison includes 9 companies that provide the ability to send Hong Kong Dollar to Philippines.
This ensures you get the best options for transfers to the Philippines from Hong Kong, based on the amount you want to send.
Cheapest way to send money from Hong Kong to the Philippines: Instarem
Data collected for transfers between Hong Kong and the Philippines over the past six months shows that Instarem is 0.5% cheaper than the second-best option.
This cost combines an average exchange rate between the Hong Kong Dollar and Philippine Peso that is 0% different to the mid-market rate and an average fee of 361.4* HKD.
*The most common fee applied to HKD-PHP by Instarem, based on data from the past six months.
Fastest way to send money to the Philippines from Hong Kong: Wise.
In our comparison, we found Wise to be the fastest way to send Hong Kong Dollars to Philippine Peso in 72.7% of transfers. For quick transfers between HKD and PHP, Wise comes highly recommended.
Sending money from Hong Kong to the Philippines through Wise has an average fee of 91.05 HKD.
To find the fastest company, we compared 9 money transfer providers for the overall speed of sending money from Hong Kong to the Philippines. This was made up of depositing Hong Kong Dollar to a money transfer account and transfer times to the Philippines.
When looking for the fastest money transfer, Wise is our best choice for sending into Philippines from Hong Kong.
Transfer a large sum of money
From 9 money transfer companies compared, Wise is the best option for large transfers from Hong Kong to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Hong Kong to the Philippines can become expensive if you use a bank, or the wrong provider.
Wise is the top choice for sending large sums of money to the Philippines from Hong Kong because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from Hong Kong to Philippines
The total cost of sending money to the Philippines from Hong Kong, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for HKD-PHP is 7.5344 PHP per Hong Kong Dollar.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Hong Kong Dollar.
The average HKD-PHP mid-market rate for the last three months has been 7.3702 PHP per Hong Kong Dollar. This includes a high of 7.5152, and low of 7.1375.
Out of the 9 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting HKD to PHP should be the biggest determining cost factor when transferring Hong Kong Dollar to the Philippines.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Instarem, with a fee average of 361.4 HKD per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines.
A lower cost of sending from Hong Kong will result in more money received in the Philippines.
Getting best exchange rate for transfers between Hong Kong Dollar and Philippine Peso
Timing is essential for transferring money between HKD and PHP. The exchange rate you secure impacts how much PHP you get for your HKD.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from HKD to PHP has moved slightly. On average, it was 7.3702.
During this same period,there was a high of 7.5152, and a low of 7.1375.
Wise, which is our recommended service to send money online from Hong Kong to the Philippines offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best HKD-Philippine Peso exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Hong Kong to the Philippines!
Payment options for transfers from Hong Kong to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Hong Kong to the Philippines.
Using a money transfer company such as Instarem for payments from Hong Kong to the Philippines, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Instarem is the best money transfer provider for bank transfers of the 9 we compared when sending HKD to the Philippines.
With an average fee of 361.4 HKD to transfer money from Hong Kong to the Philippines, Instarem offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Hong Kong to the Philippines is easy with Wise.
Wise is a leader in debit card money transfers from Hong Kong to the Philippines. They are the best option of the 9 transfer companies compared.
Credit cards
When it comes to credit card transfers from Hong Kong to the Philippines, Wise is the top choice of the 9 companies offering this service.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and Hong Kong.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Hong Kong to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send HKD to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
