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    Hong Kong dollar HKD forecasts 2022

    HKD forecasts are influenced by three factors; the coronavirus impact, changes in the delta between interest rates in the US and the rest of the world (as HKD is pegged to USD) and also the trade war between China and the US.

    Updated: Mar 21, 2022  
     

    1 USD = 7.8467 HKD
    Sell USD  →  Buy HKD
    USD to HKD at 7.8467 is near its 90-day average 7.8469 with range 7.8344-7.8503.
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    90-DAYHIGH

    Hong Kong dollar outlook

    HKD in March dropped lower against USD in its 7.75 – 7.85 managed trading range (a weaker HKD).

    Having previously enjoyed minimal COVID cases, Hong Kong has since been battling a dramatic wave of infections against Omicron, fortifying the city’s zero-COVID stance and further isolating the city from global reach.

    Draconian local restrictions are to be relaxed however pessimism will continue surrounding the city’s economic outlook for 2022.

    DateUSD/HKDChangePeriod
    20 Jun 2022
    7.8503
    0.1% 2 Week
    05 Apr 2022
    7.8338
    0.2% 3 Month
    04 Jul 2021
    7.7656
    1% 1 Year
    05 Jul 2017
    7.8070
    0.5% 5 Year
    06 Jul 2012
    7.7540
    1.2% 10 Year
    09 Jul 2002
    7.7999
    0.6% 20 Year
    USD/HKD change over periods to 04-Jul-2022

     

    Hong Kong Dollar Forecasts & News

    The Hong Kong dollar has been pegged to the US dollar since 1983. Since 2005 the HKMA has kept the currency trading at a range between HK$ 7.75 and HK$7.85.

    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.

    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.

    AUD to HKD

    Mid-year the AUD/HKD has fallen back to the 5.4 level mainly due to USD strength (HKD is fixed to USD).

    Earlier in the year AUD/HKD had risen to 5.8 as Australia profited from energy prices hikes driven by the Russian invasion of Ukraine.

    This resumed weakness matches last year when the Aussie dollar saw a long slide against the HK dollar due to AUD weakness against the US dollar.

     AUD-HKD Forecasts


    1 AUD = 5.3912 HKD
    Sell AUD  →  Buy HKD
    AUD to HKD at 5.3846 is 3.5% below its 90-day average 5.5799 with range 5.3451-5.9365.
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    1-DAY+0.7%
    90-DAYLOW1d
    Track Rate
     


    You can also read our full Foreign Exchange Guide to Hong Kong.

     
     
    Posted under: #Forecasts #HKD
     

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.