Exchange Rate Calculator

The exchange rate between the Canadian Dollar (CAD) and the Hong Kong Dollar (HKD) has experienced notable fluctuations over the past year. This report provides an analysis of the CAD/HKD exchange rate trends, examining the factors influencing these movements and offering insights into potential future developments.

Overview of CAD/HKD Exchange Rate Movements

In 2024, the CAD/HKD exchange rate exhibited a downward trend. The highest rate was recorded on January 1, 2024, at 1 CAD = 5.8968 HKD, while the lowest was on December 18, 2024, at 1 CAD = 5.3795 HKD. The average exchange rate for the year stood at 1 CAD = 5.6965 HKD, indicating an overall depreciation of the Canadian Dollar against the Hong Kong Dollar by approximately 8.48% over the year. (exchange-rates.org)

In 2025, the exchange rate has shown signs of recovery. The lowest point was on January 31, 2025, at 1 CAD = 5.3574 HKD, and the highest was on June 16, 2025, at 1 CAD = 5.7832 HKD. The average rate for this period was 1 CAD = 5.5277 HKD, reflecting a 6.47% appreciation of the Canadian Dollar against the Hong Kong Dollar. (exchange-rates.org)

Factors Influencing the Exchange Rate

Several factors have contributed to the fluctuations in the CAD/HKD exchange rate:

1. Economic Performance: Canada's economic indicators, such as GDP growth, employment rates, and trade balances, have a direct impact on the strength of the Canadian Dollar. Positive economic data tends to bolster the CAD, while negative data can lead to depreciation.

2. Monetary Policies: The Bank of Canada's interest rate decisions influence investor confidence and capital flows. Higher interest rates typically attract foreign investment, strengthening the CAD.

3. Commodity Prices: Canada is a major exporter of commodities like oil and natural gas. Fluctuations in global commodity prices can affect Canada's trade balance and, consequently, the value of the CAD.

4. Global Economic Conditions: Economic developments in major economies, especially the United States and China, can influence investor sentiment and impact the CAD/HKD exchange rate.

5. Hong Kong's Monetary Policy: The Hong Kong Dollar is pegged to the US Dollar within a narrow band. Therefore, US monetary policy changes can indirectly affect the HKD and its exchange rate with the CAD.

Recent Trends and Analysis

As of July 3, 2025, the CAD/HKD exchange rate is approximately 1 CAD = 5.7380 HKD. (poundsterlinglive.com) This represents a slight increase compared to the average rate over the past 20 days, which was 1 CAD = 5.7375 HKD. Over the past 50 days, the average rate was 1 CAD = 5.6683 HKD, indicating a gradual appreciation of the Canadian Dollar.

The highest exchange rate in the past month was 1 CAD = 5.7975 HKD on June 16, 2025, and the lowest was 1 CAD = 5.6533 HKD on May 29, 2025. Over the past three months, the highest rate was the same as the monthly high, while the lowest was 1 CAD = 5.3977 HKD on April 1, 2025. (poundsterlinglive.com)

Implications for Stakeholders

• Investors: The recent appreciation of the CAD against the HKD may present opportunities for investors holding Canadian assets. However, they should remain vigilant to potential volatility due to external economic factors.

• Importers and Exporters: Canadian exporters to Hong Kong may face challenges as a stronger CAD can make their goods more expensive in HKD terms. Conversely, Hong Kong exporters to Canada might benefit from the current exchange rate dynamics.

• Travelers: For Canadians traveling to Hong Kong, a stronger CAD enhances purchasing power, making travel more affordable. Hong Kong travelers to Canada may find their expenses increasing due to the exchange rate shift.

Future Outlook

Predicting future exchange rate movements involves considerable uncertainty. Factors such as upcoming economic data releases, central bank policy decisions, and global economic developments will play crucial roles. Stakeholders should monitor these factors closely and consider hedging strategies to mitigate potential risks associated with exchange rate fluctuations.

In conclusion, the CAD/HKD exchange rate has experienced significant fluctuations over the past year, influenced by a complex interplay of economic indicators, monetary policies, and global events. Staying informed and adopting appropriate risk management strategies will be essential for those affected by these exchange rate movements.