Analysis of recent Dollar → Hong Kong dollar forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to Hong Kong dollar performance and trends.
Forecasts for USD to HKD
Based on recent forecasts and market updates, the US dollar (USD) is expected to maintain its strength against the Hong Kong dollar (HKD) in the near term. The USD has seen a surge in value due to diminishing expectations of aggressive rate cuts by the Federal Reserve, following a strong jobs report indicating a robust US economy. Analysts anticipate a possible rate cut in June, based on market trends and economic data. This positive outlook for the USD is likely to keep it buoyant against the HKD.
On the other hand, the HKD has shown resilience against the USD, despite some downward pressure towards the end of February. The Hong Kong Monetary Authority (HKMA) has maintained a steady monetary policy stance, with government measures supporting the local property market amidst economic challenges. The HKD's strength has been bolstered by elevated HIBOR rates and government initiatives, although concerns persist regarding the city's economic outlook. The future strength of the HKD hinges on local economic recovery and the Federal Reserve's stance on interest rates, with market watchers keenly observing upcoming data releases to gauge potential movements in the USD to HKD exchange rate.
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Date
USD/HKD
Change
Period
13 Mar 2024
7.8233
0% ▲
2 Week
28 Dec 2023
7.8120
0.2% ▲
3 Month
28 Mar 2023
7.8500
0.3% ▼
1 Year
29 Mar 2019
7.8504
0.3% ▼
5 Year
30 Mar 2014
7.7579
0.8% ▲
10 Year
01 Apr 2004
7.7883
0.5% ▲
20 Year
USD/HKD historic rates & change to 27-Mar-2024
Will the US dollar rise against the Hong Kong dollar?
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Read our Currency guide to Hong Kong - a practical currency and money guide to travel, living and doing business in Hong Kong with the Hong Kong dollar.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more