Intervention by the HKMA to stop the currency from depreciating past the weak end of its currency band has mopped up cash in the banking system and helped make the carry trade less attractive, along with speculation the Fed will slow the pace of interest-rate hikes. The Hong Kong dollar touched its highest level against the greenback in a month on Tuesday.
Hong Kong Overnight Funding Costs Double in Sign of Cash Squeeze
https://finance.yahoo.com/news/hong-kong-overnight-funding-costs-062623144.htmlHKD Converted to USD 1.00000 HKD = 0.12740 USD Mid-market exchange rate at 05:24 UTC Track the exchange rate Send money Spend abroad without hidden fees HKD to USD conversion chart 1 HKD = 0.12740 USD As of 1 min ago, 1 HKD → 0.127398 USD Mid market rate 48 hours 1 week 1 month 6 months 12 months 5 years Feb 18 Mar 20 Waiting on a better rate?
2 days ago · Exchange Rate US Dollar to Hong Kong Dollar 1.00 USD = 7.849768 HKD Mar 24, 2023 09:19 UTC View USD Rates Table View HKD Rates Table View USD / HKD Graphs 1. Configure Converter ↔ Currency Calculator Graphs Rates Table Monthly Average Historic Lookup Change Currency Calculator base currency Argentine Peso Australian Dollar Bahraini Dinar
Jul 15, 2020 · The Hong Kong dollar is backed by a war chest of around HK$4 trillion (US$571 billion) held in the HKMA’s Exchange Fund, one of the world’s largest foreign exchange reserves, that can be used ...
Mar 22, 2023 · Lee has a neutral rating on Tencent and a price target of 400 Hong Kong dollars. Online advertising revenue grew by 15% in the fourth quarter from a year ago to 24.7 billion yuan ($3.59 billion ...
The Hong Kong dollar is the official currency of Hong Kong. It’s the 13th most commonly traded currency on Earth. The currency code for the dollar is HKD and the symbol is $, or HK$ – to differentiate it from the US dollar. The most popular Hong Kong dollar exchange is with the US dollar.
Mar 22, 2023 · Exchange Rate Hong Kong Dollar to US Dollar 1.00 HKD = 0.127388 USD Mar 25, 2023 11:58 UTC View HKD Rates Table View USD Rates Table View HKD / USD Graphs 1. Configure Converter ↔ Currency Calculator Graphs Rates Table Monthly Average Historic Lookup Change Currency Calculator base currency Argentine Peso Australian Dollar Bahraini Dinar
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Currency of Hong Kong
The Hong Kong dollar is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary Authority to issue their own banknotes for general circulation in Hong Kong. Wikipedia
