Forex hkd

Contents

  1. Related analysis USD/HKD
  2. Pivot Points
  3. Trading the Hong Kong Dollar Successfully
  4. T/T Exchange Rates against HKD | Investment | Bank of China (Hong Kong) Limited

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HKD is the abbreviation for the Hong Kong dollar, the official currency of Hong Kong, which is one of the most traded currencies globally. Hong Kong is a leading global financial center and its economy is considered to be the freest in the world.

Related analysis USD/HKD

The Hong Kong dollar was first seen as a distinct currency in Before then, various foreign currencies had been used, and continued to be used even after its inception. The HK dollar was outlawed by the Japanese puppet government in and reinstated in after the war. In , the HK dollar was pegged to the U. Since then, it has remained pegged to the dollar, with the HKMA adjusting its value from time to time. If, and when, the HKD hits either the upper or lower bound, the HKMA, which acts as the de facto central bank, intervenes to stabilize the currency.

Pivot Points

This trading band versus the USD has been in place since , although the upper and lower limits have been adjusted periodically. The HKD is the thirteenth most traded currency, and because it is pegged to the U. Banknotes then run through a government exchange fund that holds U. Under capital control laws, a bank can only use a HK dollar if it has the equivalent value of U. International Markets.


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Trading the Hong Kong Dollar Successfully

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T/T Exchange Rates against HKD | Investment | Bank of China (Hong Kong) Limited

USD Snapshot The United States dollar is the official currency of the United States and its territories, as well as the de facto currency of many others. Frequency Daily.

Decimal places: 2 4 6. How to make your first transfer Never made a transfer with OFX? How we keep our rates so low We use a global network across countries to bring you the best rate. Legal Terms Privacy Policy. Date GMT.