Hong Kong Dollar (HKD)
The Hong Kong dollar is pegged to the US dollar in a band between 7.75 and 7.85. The Hong Kong Monetary Authority buys and sells dollars to keep the rate inside that range.
The latest available mid-market reference is 1 HKD = 0.1275 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Hong Kong Dollar
Hong Kong is a major financial centre and re-export hub, and the Hong Kong dollar is used in a large share of mainland trade. The peg anchors local interest rates to US rates.
A short history
The Hong Kong dollar was introduced in 1935. The peg to the US dollar began in 1983, and the current band was set in 2005.
What moves the Hong Kong Dollar
US interest rates, capital flows between Hong Kong and mainland China, and the strength of the peg. Local rates follow US rates closely because of the band.
Live HKD exchange rate
| Currency | 1 HKD equals |
|---|---|
| US Dollar (USD) | 0.1275 |
| Euro (EUR) | 0.1147 |
| British Pound (GBP) | 0.09591 |
| Japanese Yen (JPY) | 20.3330 |
| Chinese Yuan (CNY) | 0.8522 |
| Indian Rupee (INR) | 11.9631 |
| Canadian Dollar (CAD) | 0.1815 |
| Australian Dollar (AUD) | 0.1860 |
| Swiss Franc (CHF) | 0.1060 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
HKD conversion pages
Other currency profiles
Hong Kong Dollar questions
What is the Hong Kong Dollar?
Hong Kong Dollar (HKD) is used in the following countries and territories: Hong Kong. Central bank: Hong Kong Monetary Authority. Exchange rate regime: pegged to the US dollar between 7.75 and 7.85.
Which countries use the Hong Kong Dollar?
The Hong Kong Dollar is used in the following countries and territories: Hong Kong.
What affects the Hong Kong Dollar exchange rate?
US interest rates, capital flows between Hong Kong and mainland China, and the strength of the peg. Local rates follow US rates closely because of the band.