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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 80.8% of Hong Kong to Philippines searches, and was the top rated company out of 5 that support HKD to PHP.
So for a great mix of cost, speed & features, make your Hong Kong to Philippines transfer using Wise.
How to get the best deal on your Hong Kong to Philippines transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Hong Kong to Philippines.
- Choose a provider
Select the provider that offers you the best value & service for your needs
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Important things to consider before sending money from Hong Kong to Philippines
Don't settle for the first option. Always compare ways to send money from Hong Kong to Philippines to find out about fees, speed, and reliability.
Our analysis included 5 providers that operate between Hong Kong and Philippines.
Through this, you get a comprehensive view of all the options you have in Hong Kong when you need to send money to Philippines.
Cheapest way to send money to Philippines from Hong Kong: Instarem
Data collected over the past six months shows that Instarem is 40.3% cheaper than the second-best option.
The $127.87 transfer cost represents the most common fee for HKD to PHP international transfers, based on data from the past six months.
If you want to secure the best rates on a HKD to Philippines transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to HKD-PHP by Instarem, based on data from the past six months.
Fastest way to send money from Hong Kong to Philippines: Wise
Our data shows that Wise came up as the fastest way to send money from Hong Kong to Philippines in 53.8% of searches. This makes them well suited to urgent HKD to PHP money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Hong Kong to Philippines - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Philippines from Hong Kong in 53.8% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send HKD from Hong Kong to Philippines, it’s the provider that will keep you safe and relaxed while your money moves into PHP.
Understanding the costs involved when moving money from Hong Kong to Philippines
When calculating the costs of money transfers between Hong Kong and Philippines, here's what really matters:
The Mid-Market Rate: Today, the HKD-PHP mid-market rate equals to 7.370675 PHP per Hong Kong Dollar.
The HKD-PHP average exchange rate for the past three months has been 7.1783 PHP per Hong Kong Dollar, with a high of 7.3283 and a low of 7.0958.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from HKD to PHP.
How to find the best exchange rate for Hong Kong Dollar to Philippine Peso
Timing is essential for sending money between HKD and PHP. The exchange rate you secure impacts how much PHP you get for your HKD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from HKD to PHP has seen some fluctuation. On average, it stood at 7.1783.
During this period, the highest value recorded was 7.3283, while the lowest was 7.0958.
Wise, which is our recommended service to send money online from Hong Kong to 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 Philippines!
Payment methods available to fund your Hong Kong to Philippines transfer
Bank transfers
Bank transfers are often the default option for sending money from Hong Kong to Philippines.
By using a money transfer company such as Instarem for transfers from Hong Kong to Philippines, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 5 we tested when sending HKD to Philippines.
With an average fee of HKD127.87 to send money from Hong Kong to Philippines, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Hong Kong to Philippines with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Hong Kong to Philippines, competing among a total of 5 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Hong Kong to Philippines, Wise emerges as our top choice of the 5 companies offering this service.
Fee alert: using a credit card to transfer money 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.
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