When HKD moves too close to either limit, the HKMA acts by either buying or selling the currency. So in 2020, the HKMA intervened in the market by selling more than HK$50 billion because of high demand for the Hong Kong dollars from demand due to several large IPOs on the Hong Kong Stock Exchange, including JD.com and Tencent.
Earlier in the year the threat of proxy war between the US and Iran in Ira helped bring on gains in the Japanese yen and US dollar plus currencies pegged to the greenback such as the Hong Kong dollar.
Since April 2020, authorities have intervened multiple times to prevent the currency from strengthening past its permitted trading maximum with the U.S. dollar USD/HKD = 7.75, more interventions are to be expected if the Hong Kong dollar continues to hit the strong end of its trading band.
1 USD = 7.7714 HKD
USDHKD at 7.7712 is near its 90-day average , 7.7515-7.7851 range.
| 16-APR 6PM-NY 11PM-LON 17-APR 6AM-HK 8AM-SYD
Hong Kong Dollar Forecasts & News
As reported by Bloomberg , top advisers to President Donald Trump want the U.S. to undermine the Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for recent moves to chip away at the former British colony’s political freedoms.
HKD forecasts are influenced by three factors; the coronavirus impact, changes in the delta between interest rates the US (as HKD is pegged to USD) and also the trade war between China and the US and increasingly Australia.
AUD to HKD
In early 2021 AUD/HKD has hit it highest level (around 6.05) since June 2018. This is on the back of positive headlines that are boosting risk sentiment, prompting investment in equities and taking money away from the USD, to which the HK dollar is pegged.
AUD-HKD Forecasts
1 AUD = 6.0104 HKD
AUDHKD at 6.0141 is just above its 90-day average , 5.8905-6.1852 range.
4D▲ +1.5%
| 16-APR 6PM-NY 11PM-LON 17-APR 6AM-HK 8AM-SYD
Alert:4D▲ +1.5% |
You can also read our full Foreign Exchange Guide to Hong Kong .
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: Gambian dalasi GNF : Guinean franc GTQ : Guatemalan quetzal GYD : Guyanaese dollar HKD : Hong Kong dollar HNL : Honduran lempira HRK : Croatian kuna HTG : Haitian gourde HUF : Hungarian forint IDR : Indonesian rupiah ILS : Israeli new sheqel INR : Indian rupee IQD : Iraqi dinar IRR : Iranian rial ISK : Icelandic krona JMD : Jamaican dollar JOD : Jordanian dinar JPY : Japanese yen KES : Kenyan shilling KGS : Kyrgystani som KHR : Cambodian riel KMF : Comorian franc KPW : North Korean won KRW : South Korean won KWD : Kuwaiti dinar KYD : Cayman Islands dolla KZT : Kazakhstani tenge LAK : Laotian kip LBP : Lebanese pound LKR : Sri Lankan rupee LRD : Liberian dollar LSL : Lesotho loti LTC : Litecoin LYD : Libyan dinar MAD : Moroccan dirham MDL : Moldovan leu MGA : Malagasy ariary MKD : Macedonian denar MMK : Myanma kyat MNT : Mongolian tugrik MOP : Macanese pataca MRO : Mauritanian ouguiya MUR : Mauritian rupee MVR : Maldivian rufiyaa MWK : Malawian kwacha MXN : Mexican peso MYR : Malaysian ringgit MZN : Mozambican metical NAD : Namibian dollar NGN : Nigerian naira NOK : Norwegian krone NPR : Nepalese rupee NZD : New Zealand dollar OMR : Omani rial PAB : Panamanian balboa PEN : Peruvian nuevo sol PGK : Papua New Guinean ki PHP : Philippine peso PKR : Pakistani rupee PLN : Polish zloty PYG : Paraguayan guarani QAR : Qatari rial RON : Romanian leu RSD : Serbian dinar RUB : Russian ruble RWF : Rwandan franc SAR : Saudi riyal SBD : Solomon Islands doll SCR : Seychellois rupee SDG : Sudanese pound SEK : Swedish krona SGD : Singapore dollar SHP : Saint Helena pound SLL : Sierra Leonean leone SOS : Somali shilling SRD : Surinnse dollar SYP : Syrian pound SZL : Swazi lilangeni THB : Thai baht TJS : Tajikistani somoni TMT : Turkmenistani manat TND : Tunisian dinar TOP : Tongan paanga TRY : Turkish lira TTD : Trinidad and Tobago TWD : New Taiwan dollar TZS : Tanzanian shilling UAH : Ukrainian hryvnia UGX : Ugandan shilling USD : US dollar UYU : Uruguayan peso UZS : Uzbekistan som VND : Vietnamese dong VEF : Venezuelan bolívar VUV : Vanuatu vatu WST : Samoan tala XAF : Central African fran XAU : Gold XAG : Silver XPD : Palladium XPT : Platinum XCD : East Caribbean dolla XDR : Special drawing righ XOF : West African franc XPF : CFP franc XRP : Ripple YER : Yemeni rial ZAR : South African rand ZMW : Zambian kwacha ZWL : Zimbabwean dollar X : US dollar Index BTC : Bitcoin ETH : Ethereum LTC : Litecoin XRP : Ripple
View USD/HKD Rates
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates
and should not be taken as a reference to buy or sell any financial product.