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HSBC Rate is not great. If you have IB, use IB to change. What I done is:
(HKD/USD) HSBC HK -> IB (Buy GBP) -> HSBC HK/HSBC UK -> School
Cost involved: There is HKD 50 to TT money to IB. I was charged by GBP 5 when I send GBP to HSBC UK. (HSBC HK told me that TT inward should not be charged. So I may TT GBP from IB to HSBC HK instead of HSBC UK and then use Global transfer to send to HSBC UK) The exchange rate in IB is nothing. So I think this is the cheapest way. Not sure about wise...
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