Hi Folks,
I was trying to buy some HKD for my first month in HK and was astonished by how far HSBC's buy/sell rate is from the middle price. Stupid me used 7.78 as the default exchange rate when I calculated USD/HKD back and forth. HSBC's sale and buy rate is about 7.35 and 8.4 , which is like additional 9% tax no matter which way I go.
So I did a little research and seems xe.com typically offers much better exchange rate. Wonder if anybody has experience with them. Seems we don't have a thread on exchange rate (except some about money changing stores), so I guess it should be helpful for many of us in the future, especially if you won't stay in HK forever.