Currency Rate Hong Kong Dollar to USD
Our Currency Rate HKD latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the HKD. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
HK$ 0.120448
Selling rate
HK$0.135020
The Hong Kong Dollar, commonly abbreviated as HKD, is the official currency of Hong Kong. The HKD is symbolized as "$" or "HK$". It has been pegged to the US Dollar (USD) since 1983, with a narrow trading band.
Currency Details
Symbol: $ or HK$
ISO Code: HKD
Subunits: 1 Dollar = 100 cents
Banknotes and Coins
The HKD is available in both coins and banknotes:
Coins:
10 cents
20 cents
50 cents
1 dollar
2 dollars
5 dollars (rarely used)
Banknotes:
10 dollars
20 dollars
50 dollars
100 dollars
500 dollars
1000 dollars
History and Background
The Hong Kong Dollar has been in use since 1863, initially issued by various banks in Hong Kong. Since 1935, it has been issued by the government's monetary authority, initially as the sole issuer and later in conjunction with other banks.
Economic Significance
The HKD is vital to Hong Kong's economy, which is based on international trade, finance, and services. The Hong Kong Monetary Authority ensures the stability of the HKD through its linked exchange rate system with the USD, maintaining confidence and stability in the currency.
Usage and Exchange
The HKD is widely accepted across Hong Kong for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Hong Kong dollars is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the region. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Hong Kong Dollar is not just a currency; it is a symbol of Hong Kong's economic strength, financial stability, and global influence. Understanding the HKD is essential for anyone engaging with Hong Kong's dynamic economy, whether you are a resident or a visitor. The dollar's stability and its link to the USD play a crucial role in Hong Kong's economic resilience and growth.
Currency Details
Symbol: $ or HK$
ISO Code: HKD
Subunits: 1 Dollar = 100 cents
Banknotes and Coins
The HKD is available in both coins and banknotes:
Coins:
10 cents
20 cents
50 cents
1 dollar
2 dollars
5 dollars (rarely used)
Banknotes:
10 dollars
20 dollars
50 dollars
100 dollars
500 dollars
1000 dollars
History and Background
The Hong Kong Dollar has been in use since 1863, initially issued by various banks in Hong Kong. Since 1935, it has been issued by the government's monetary authority, initially as the sole issuer and later in conjunction with other banks.
Economic Significance
The HKD is vital to Hong Kong's economy, which is based on international trade, finance, and services. The Hong Kong Monetary Authority ensures the stability of the HKD through its linked exchange rate system with the USD, maintaining confidence and stability in the currency.
Usage and Exchange
The HKD is widely accepted across Hong Kong for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Hong Kong dollars is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the region. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Hong Kong Dollar is not just a currency; it is a symbol of Hong Kong's economic strength, financial stability, and global influence. Understanding the HKD is essential for anyone engaging with Hong Kong's dynamic economy, whether you are a resident or a visitor. The dollar's stability and its link to the USD play a crucial role in Hong Kong's economic resilience and growth.
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