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HKD Exchange Rate Calculator
Exchange rates calculator, this free to use calculator gives up-to-date exchange rates for the Hong Kong Dollar (HKD) against most of the worlds major currencies. Get live exchange rates and keep up-to-date with the latest currency conversions.
About the Hong Kong Dollar (HKD) HK$:
The Hong Kong dollar is the official currency of Hong Kong. Even though Hong Kong is considered an administrative region of China, it continues to operate its own government that issues separate passports, stamps, and currency. The Hong Kong dollar is the ninth-most traded currency on the foreign exchange. The sign is sometimes denoted as HK$ in order to distinguish it from dollars issued by other countries, such as the United States and Australia. The Hong Kong dollar is decimal monetary system with 100 cents to the dollar. Hong Kong became a free trade port in 1841, but relied primarily on foreign currency. Eventually, Hong Kong's economy came to be based on sterling silver coins from the United Kingdom. Hong Kong abandoned the silver standard, and its own distinct dollar was issued in 1935, but it remained pegged to pound sterling.
In 1972 pegging was switched to the U.S. dollar. Since 1972, the Hong Kong dollar has fluctuated from a fully floating system to a partially floating system established through the guidelines of the currency board system. Today, any bank issuing Hong Kong dollars must have equivalent reserves of U.S. dollars. Coins in Hong Kong are available in denominations of 10 cents, 20 cents, 50 cents, $1, $2, $5, and $10. Banknotes are available in denominations of $20, $50, $100, $500, and $1000. Economists have recommended that Hong Kong abandon its monetary system in favor of the Chinese renminbi, but no plans to so have been announced.
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