Hong Kong dollar

Hong Kong dollar
ISO 4217
CodeHKD (numeric: 344)
Subunit0.01
Unit
PluralDollars (English only)
Symbol$, HK$ or 元
Denominations
Subunit
110 (hòu) ("háo") (Chinese only)
1100 (sīn) ("xiān") (Chinese)
cent (English)
11000 (mành) ("wèn") (Chinese)
mil (English)
Plural
(sīn) ("xiān") (Chinese)
cent (English)
cents (English only)
(mành) ("wèn") (Chinese)
mil (English)
mils (English only)
Symbol
(sīn) ("xiān") (Chinese)
cent (English)
¢
(mành) ("wèn") (Chinese)
mil (English)
Banknotes
 Freq. usedHK$10, HK$20, HK$50, HK$100, HK$500, HK$1,000
 Rarely usedHK$150 (Commemorative notes only)
Coins
 Freq. used10¢, 20¢, 50¢, HK$1, HK$2, HK$5
 Rarely usedHK$10 (Still legal tender for already minted)
Demographics
Official user(s) Hong Kong
Unofficial user(s) Macau (alongside with Macanese Pataca)
Issuance
Monetary authorityHong Kong Monetary Authority
 Websitewww.hkma.gov.hk
PrinterIssuing banks and authority:

1. Government of the Hong Kong Special Administrative Region
2. The Hong Kong and Shanghai Banking Corporation (HSBC)
香港上海滙豐銀行

3. Standard Chartered (Hong Kong)
渣打銀行 [香港]

4. Bank of China (Hong Kong)
中國銀行 [香港]

Printer:

Hong Kong Note Printing
Valuation
Inflation1.7%[1] (March 2022 est.)
Pegged withU.S. Dollar (USD)[2]
US$1.00 USD = HK$7.80±0.05
Pegged byMacau Pataca (MOP$)
HK$1.00 = MOP$1.03
Hong Kong dollar
Chinese港元
Cantonese YaleGóng yùn
Literal meaning(Hong) Kong dollar
Alternative Chinese name
Traditional Chinese港幣
Simplified Chinese港币
Cantonese YaleGóng bàih
Literal meaning(Hong) Kong coin

The Hong Kong dollar (Chinese: 港元, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar.

Three commercial banks are licensed by the Hong Kong Monetary Authority to issue their own banknotes for general circulation in Hong Kong. These banks, HSBC, Bank of China, and Standard Chartered, issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$150, HK$500, and HK$1000, with all designs being similar to one another in the same denomination of banknote. However, the HK$10 banknote and all coins are issued by the Government of Hong Kong.

As of April 2019, the Hong Kong dollar was the ninth-most traded currency in the world.[3] Hong Kong uses a linked exchange rate system, trading since May 2005 in the range US$1:HK$7.75–7.85.

Apart from its use in Hong Kong, the Hong Kong dollar is also used in neighbouring Macau. It is pegged at 1 Hong Kong dollar to 1.03 Macanese patacas, and is generally accepted at par or MOP 1.00 for retail purchases.[4]

  1. ^ "表052:消費物價指數 (2014年10月至2015年9月=100)政府統計處". Hong Kong Census and Statistics Department. Archived from the original on 16 June 2017. Retrieved 23 May 2017.
  2. ^ "Hong Kong Monetary Authority – Monetary Stability". hkma.gov.hk. Archived from the original on 31 May 2016. Retrieved 13 June 2016.
  3. ^ "Triennial Central Bank Survey Foreign exchange turnover in April 2019" (PDF). Bank for International Settlements. 16 September 2019. p. 10. Retrieved 16 September 2019.
  4. ^ "The Basics | Fodor's Travel". Archived from the original on 24 April 2016. Retrieved 9 April 2016.

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