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2.3 Australian dollar as legal tender. ... 3.4 Hong Kong dollar as exchange rate anchor. ... Foreign exchange; Exchange rates; Currency band;
Fixed currency (alphabetical order) Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin
As of April 2019, the Hong Kong dollar was the ninth-most traded currency in the world. [4] 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.
Australian dollar $ AUD Cent: 100 Uganda: Ugandan shilling: Sh or Shs (pl.) UGX (none) (none) Ukraine: Ukrainian hryvnia ₴ UAH Kopeck: 100 United Arab Emirates: United Arab Emirates dirham: Dh or Dhs (pl.) AED Fils: 100 United Kingdom: Sterling £ GBP Penny: 100 United States: United States dollar $ USD Cent [A] 100 Uruguay: Uruguayan peso ...
The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert US dollars for Hong Kong dollars from the HKMA; Hong Kong dollar supply will increase, and the market rate will climb back to 7.80.
Currency quotations use the abbreviations for currencies that are prescribed by the International Organization for Standardization (ISO) in standard ISO 4217.The major currencies and their designation in the foreign exchange market are the US dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), and the Swiss franc (CHF).
If the implied exchange rate is less than the actual exchange rate, then the analysed currency is undervalued against the base currency. [9] For example, using figures for July 2023: [3] The implied exchange rate according to the Big Mac index is 1.20 francs per dollar; The actual exchange rate is 0.87 francs per dollar; The Swiss franc is ...
The future exchange rate is reflected into the forward exchange rate stated today. In our example, the forward exchange rate of the dollar is said to be at a discount because it buys fewer Japanese yen in the forward rate than it does in the spot rate. The yen is said to be at a premium. UIRP showed no proof of working after the 1990s.