Business is highly competitive so every cent makes a difference. When it comes to cross-border transactions, exchange rates play a critical role in determining the overall cost of the transaction.

RD is committed to the success of our clients. Let’s take three most popular pairs, USD/CNY, USD/HKD, and CNY/HKD, to demonstrate your savings with us against selected major players.  RD beats out major players like banks and foreign exchange / remittance service providers as demonstrated below*. By choosing RD Wallet, you can save significant amounts of money on your cross-border transactions.

The reason behind our choice of these currency pairs for this comparison is their popularity in the Asia-Pacific region. USD/CNY, USD/HKD and CNY/HKD are the most traded currency pairs in Hong Kong. These currency pairs are widely used in cross-border transactions, and their liquidity makes them an ideal choice for traders and businesses looking to hedge their currency risk.

Additionally, these currency pairs offer a high degree of stability, which is essential for businesses looking to minimize their exposure to currency fluctuations. The stability of these currency pairs also makes them an attractive option for businesses looking to hold foreign currency reserves or make long-term investments.

Finally, the demand for these currencies is growing rapidly in the Asia-Pacific region, making them an excellent investment opportunity for businesses looking to tap into the region’s economic growth.

According to the graph below, RD Wallet offers the best USD/CNY rate. For example, exchanging USD 10,000 to CNY with RD Wallet gives you CNY 69,157, as compared to Airwallex's CNY 69,055 and Wise's CNY 68,425. By choosing RD Wallet over the alternatives, you can exchange up to CNY 732 more on your exchange, which can go a long way in today's economy.

Source: exchange rate on 5 May 2023

To exchange USD 10,000 to HKD, RD Wallet once again provides the best rate as demonstrated in the graph below. RD Wallet's exchanged amount of HKD 78,462 beats out Airwallex's HKD 78,322, Wise's HKD 78,098 and Instarem’s HKD 78,045. By choosing RD Wallet, you can exchange up to HKD 417 more, which can be used for other important expenses.

Source: exchange rate on 5 May 2023

Let’s take another exchange of CNY 100,000 to HKD. RD Wallet is still the best option for you. As you can see below, RD Wallet’s exchanged amount of HKD 113,310 for CNY/HKD beats out Airwallex’s HKD 113,190, Wise’s HKD 112,890, China Construction Bank (Asia)’s HKD 112,970, and Bank of China (Hong Kong)’s HKD 112,880. By choosing RD Wallet, you can exchange up to HKD 430 more, which can add up over time.

Source: exchange rate on 5 May 2023

If you are a business owner with CNY trading needs and looking to import goods worth USD 100,000 from Hong Kong, you can exchange up to CNY 36,600 more (for 5 exchanges) by choosing RD Wallet for your cross-border transactions, compared to other major players in the market as selected above. Our competitive exchange rates, combined with our wallet-to-wallet transfers, ensure that your transactions are processed instantly without fees, saving you both time and money.

Don't settle for high exchange rates and high fees on your cross-border transactions. Choose RD Wallet for competitive rates on popular currency pairs like USD/CNY, USD/HKD, and CNY/HKD, and exchange significantly more. With RD Wallet, you know that you're getting more competitive rates in the market and can have peace of mind knowing your money is in good hands.

The information contained in this email (other than those relating to products and services of RD Technologies), is compiled based on third party information and is for indicative and reference purposes only. RD Technologies makes no guarantee, representation or warranty on the accuracy or completeness of such third party information provided herein and shall not be responsible for any liability arising from the use and/or reliance on any information contained in this email (other than those related to its products and services). The third party foreign exchange rates used to calculate the exchange amount above were extracted from public sources including but not limited to their respective official websites, and such rates only apply at the relevant point in time and may vary from time to time as such third party may offer differently due to fluctuations of the foreign exchange market or any other reasons. Please make sure to check the actual foreign exchange rates when you transact. There may be a gap between the reference rates and/or exchange amount as shown above and the actual rates and/or exchanged amount at the time of transaction. RD Technologies reserves the right to vary the service fees of RD Wallet from time to time without further notice. In case of any dispute, the decision of RD Technologies on all matters relating to RD Wallet shall be final.