Since the market heard that the National People's Congress has forcibly pushed the Hong Kong version of the National Security Act, the Hong Kong dollar exchange rate has depreciated since last week. As of 6 p.m. today, the spot exchange rate of the Hong Kong dollar is hovering at the level of 7.7530, and many Hong Kong people have turned to the US dollar to prepare for the future.
Comparing the selling prices of U.S. dollar wire transfers of nine banks in Hong Kong (see table), Volkswagen Hong Kong is the most attractive, with 7.76 Hong Kong dollars per U.S. dollar. As for the biggest HSBC stock price, it is 7.7840 Hong Kong dollars per dollar. Taking 10,000 US dollars as an example, the difference between Hong Kong and Volkswagen Hong Kong is 240 Hong Kong dollars.
However, it should be noted that due to the recent increase in exchange volume, bank branches may not have sufficient foreign currency cash to provide, and most of them need to contact the branch to reserve the goods first. If the amount exceeds the daily cash withdrawal limit, the bank will also charge a handling fee, which is generally 0.25% of the total amount.