Hong Kong banks exchange rate

Hong Kong major Bank / Ex Change store's rates

Simple and easy to use.

Select individual banks/exchange store/currencies to view.

Automatically sort from low to high.

Rate calculator.

香港银行及找换店外币汇率

画面简单易用，

可自选银行/找换店/外币，

汇率由低至高排列，

汇率计算器。

Visa / Master Card and Union Pay Included.

19 major Hong Kong banks.

4 foreign currency exchange shops.

48 foreign currency latest cash and wire exchange rates.

Choose your interested currency and bank to display.

1 Month/ 3 Month/ 1 Year/ 3Year history charts.

。包括VISA / Master卡 及 银联卡

。 19间香港主要银行

。 4间外币找换店

。 48种外币现金及电汇最新汇率

。选择您感兴趣的货币和银行以显示

。 1个月/ 3个月/ 1年/ 3年历史图表

***所有汇率均来自各大银行及找换店官方网站

Overview

The Hong Kong dollar (HKD) is pegged to the US dollar (USD) at a fixed rate of HKD 7.85 to USD 1. This peg has been in place since 1983 and has been instrumental in maintaining the stability of the Hong Kong economy.

Factors Influencing the Exchange Rate

While the exchange rate is fixed, there are several factors that can influence the value of the HKD relative to other currencies. These factors include:

* Interest rate differentials: Differences in interest rates between Hong Kong and other economies can affect the demand for HKD. Higher interest rates in Hong Kong make it more attractive for investors to hold HKD, which can lead to an appreciation of the currency.

* Inflation: Inflation can erode the purchasing power of a currency. If inflation is higher in Hong Kong than in other economies, the HKD may depreciate relative to those currencies.

* Economic growth: Strong economic growth in Hong Kong can lead to an appreciation of the HKD, as investors seek to take advantage of the growing economy.

* Political stability: Political instability can lead to a depreciation of the HKD, as investors become concerned about the stability of the government and the economy.

Impact of the Exchange Rate

The exchange rate has a significant impact on the Hong Kong economy. A strong HKD makes imports cheaper and exports more expensive, which can lead to a trade deficit. Conversely, a weak HKD makes exports cheaper and imports more expensive, which can lead to a trade surplus.

The exchange rate also affects the cost of living in Hong Kong. A strong HKD makes it more expensive for residents to purchase goods and services from abroad, while a weak HKD makes it less expensive.

Role of Hong Kong Banks

Hong Kong banks play a vital role in the foreign exchange market. They provide a wide range of services to businesses and individuals, including currency exchange, hedging, and investment advice.

Hong Kong banks are also responsible for maintaining the stability of the HKD peg. They do this by buying and selling HKD in the foreign exchange market to ensure that the exchange rate remains within the permitted band.

Conclusion

The Hong Kong dollar exchange rate is a key factor in the stability of the Hong Kong economy. It is influenced by a variety of factors, including interest rate differentials, inflation, economic growth, and political stability. Hong Kong banks play a vital role in the foreign exchange market and are responsible for maintaining the stability of the HKD peg.