You've probably just looked at a price tag or a bill and wondered exactly what 1504 HKD to USD looks like in your local bank account. It’s a specific number. Not a round one, not a "clean" one, but one that pops up more often than you’d think in tech imports or luxury retail.
As of early 2026, the conversion sits right around $192.79 USD.
But here is the thing: if you just type that into a basic converter and head to the bank, you’re going to be disappointed. Currency exchange isn't a static math problem; it's a moving target influenced by the Linked Exchange Rate System (LERS), bank margins, and whether you're using a credit card or a specialized transfer service.
The Reality of 1504 HKD to USD Today
Basically, the Hong Kong Dollar is "pegged" to the US Dollar. This has been the case since 1983. Because the Hong Kong Monetary Authority (HKMA) keeps the rate strictly between 7.75 and 7.85 HKD per 1 USD, the "official" value of 1504 HKD doesn't swing wildly like the Japanese Yen or the Euro might.
Right now, the mid-market rate is roughly 0.1281.
If you do the math: $1504 \times 0.1281 = 192.66$.
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However, the "mid-market rate" is a bit of a fantasy for regular people. It's the rate banks use to trade with each other. By the time that money hits your pocket, a retail bank might offer you a rate closer to 0.125 or 0.126. That tiny difference—just a few fractions of a cent—means your $192 could easily turn into $188 after fees.
Why the Exchange Rate Isn't Always What It Seems
Most people get frustrated because they see one number on Google and another on their credit card statement. This is because of the "spread."
If you are converting 1504 HKD to USD via a traditional wire transfer, you're likely paying a flat fee plus a percentage hidden in the exchange rate. For a relatively small amount like 1500 HKD, those flat fees are killers.
- Credit Cards: Usually charge a 1% to 3% foreign transaction fee.
- PayPal: Known for having some of the worst rates in the industry, often 3% to 4% away from the mid-market.
- Neobanks (Wise/Revolut): Usually the closest you’ll get to the real rate, charging a transparent, small commission.
Honestly, if you're buying a gadget from a Hong Kong-based site for 1504 HKD, you should check if your card has "No Foreign Transaction Fees." If it doesn't, that $192 purchase is actually costing you closer to $198. It adds up.
Understanding the HKD Peg in 2026
Is the peg still safe? It's a question that financial analysts like George Magnus or experts at the HKMA handle every single day. For over forty years, the 7.75–7.85 band has held firm.
When the US Federal Reserve raises interest rates, Hong Kong usually has to follow suit to keep the currency stable. This means the value of your 1504 HKD to USD conversion stays remarkably predictable. While other currencies are crashing or spiking due to geopolitical shifts, the HKD remains a "proxy" for the US dollar in Asia.
How to Get the Best Rate
If you actually need to move this money, don't just walk into a retail bank branch.
- Check the spot rate. Know that $192.79 is your "north star."
- Avoid airport kiosks. They are notorious for rates that can be 10% to 15% worse than the market.
- Use a digital wallet. If you're a frequent traveler or digital nomad, keeping a balance in HKD and USD separately on a platform like Wise allows you to convert when the rate is at the stronger end of the peg (closer to 7.75).
Wait. Why 1504 specifically? In many cases, this is the price of mid-range electronics or a specific tier of hotel stay in Kowloon. If you're seeing this on a bill, remember that some merchants offer "Dynamic Currency Conversion" (DCC).
Never choose DCC. If a card machine asks if you want to pay in USD or HKD, always choose HKD. If you choose USD, the merchant's bank chooses the rate, and it is almost always terrible. Let your own bank handle the conversion of 1504 HKD to USD; they’ll give you a better deal nearly every single time.
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Moving Forward With Your Conversion
To get the most out of your money, your next step should be checking your specific bank's "Foreign Exchange" table online. Don't rely on the generic price shown on a search engine. Compare that rate against a provider like Wise or CurrencyFair to see the "real" cost of the transaction. If the difference is more than five dollars, it's worth using the third-party service.
Final tip: keep an eye on the HKMA's interventions. If the HKD is hitting the 7.85 weak end of the peg, it’s actually the "cheapest" time for you to buy USD with your Hong Kong Dollars.