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What is HKD?

Hong Kong dollar - HKD.

What is HKD? It's Hong Kong dollar, HK$.

Hong Kong currency, banknotes and coins.

Hong Kong dollar is well traded currency accross the world.

Hong Kong dollar

HKD is the Hong Kong dollar, its sign is $. HK$ is the currency of Hong Kong. HK dollar is the eighth most traded currency in the world. The Hong Kong dollar is divided into 100 cents. Merrypenny currency converter shows that the most popular Hong Kong dollar exchange rate is the USD to Hongkong dollar rate. The Hong Kong dollar is pegged to the US dollar. HK$ is used in Hong Kong and Macau.

Currency fact sheet

Hong Kong dollar fact sheet.
Name Hong Kong dollar
ISO 4217 code HKD
Sign $
Symbol $ or HK$
Coin 10¢, 20¢, 50¢, $1, $2, $5, $10
Banknote $10, $20, $50, $100, $150, $500, $1,000
Central bank Hong Kong Monetary Authority
Nickname 大餅 - $1, big cracker,
草/兜/條 - $10, grass/bowl/stripe,
舊水 - $100, a lump of water,
皮 - $10,000, skin.

More about...

More about Hong Kong dollars.

When Hong Kong was established as a free trading port in 1841. Due to the vast amount of international trade that flowed through the city and the lack of a local currency, foreign currencies such as Indian rupees, Spanish and Mexican reales, and Chinese cash coins circulated in everyday use.

In 1842, the British assumed control over the city and in 1863 the colonial government made the Pound Sterling Hong Kong's official currency by issuing the first legal coins specifically for Hong Kong. The Royal Mint in London issued the silver dollar as the first regal coin, which portrayed the royal cypher on its face.

In 1935, when China officially abandoned the silver standard, Hong Kong followed. On November 9, 1935, the Hong Kong dollar was declared the official currency; with an exchange rate that was fixed to the British pound.

On 1 July 1997, sovereignty of Hong Kong was transferred to the People's Republic of China, still Hong Kong retained full autonomy with respect to currency issuance.

Currency in Hong Kong is issued by the Government and three local banks under the supervision of the territory's de facto central bank: the Hong Kong Monetary Authority (HKMA).

HK money.

Some money in Hong Kong was issued by The Hong Kong and Shanghai Banking Corporation, now part of HSBC.

Exchange rates

What is Hong Kong dollar exchange rate today?

Hong Kong Bank

The Basic Law of Hong Kong and the Sino-British Joint Declaration provides that HK retains full autonomy with respect to currency issuance. Currency in Hong Kong is issued by the government and three local commercial banks: the Bank of China, HSBC (formerly the Hong Kong and Shanghai Banking Corporation), and the Standard Chartered Bank under the supervision of the territory's de facto central bank, the Hong Kong Monetary Authority.

A bank can issue a Hong Kong dollar only if it has the equivalent exchange in US dollars on deposit. The currency board system ensures that HK's entire monetary base is backed with US dollars at the linked exchange rate. The resources for the backing are kept in Hong Kong's exchange fund, which is among the largest official reserves in the world. Hongkong also has huge deposits of US dollars, with official foreign currency reserves of 281.7 billion USD as of October 2011.

Bank notes are printed by Hong Kong Note Printing Limited.

Converters and rates

Easy to use currency converters and fresh exchange rates every weekday.

What is HKD - a currency being a medium of exchange in countries that use HK dollar. Hong Kong dollar calculator. What is the unit of money in Hong Kong? All the information is accessible on Google: hong kong bank and hong kong currency.

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