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Time zone abbreviations for both Standard Time and Daylight Saving Time are shown exactly as they appear in the database. See strftime and its "%Z" field. Some of zone records use 3 or 4 letter abbreviations that are tied to physical time zones, others use numeric UTC offsets.
A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar.
Such designations can be ambiguous; for example, "CST" can mean China Standard Time (UTC+08:00), Cuba Standard Time (UTC−05:00), and (North American) Central Standard Time (UTC−06:00), and it is also a widely used variant of ACST (Australian Central Standard Time, UTC+9:30). Such designations predate both ISO 8601 and the internet era; in ...
In Hong Kong, Hong Kong Time is defined in the Interpretation and General Clauses Ordinance (Cap 1), Laws of Hong Kong.. Section 67(2) of the Ordinance states that: "Hong Kong Time" (香港時間) means the time used for general purposes throughout Hong Kong namely, 8 hours, or such other period as may be determined by the Legislative Council by resolution under this subsection or under ...
CET is also known as Middle European Time (MET, German: MEZ) and by colloquial names such as Amsterdam Time, Berlin Time, Brussels Time, Budapest Time, Madrid Time, Paris Time, Stockholm Time, Rome Time, Prague time, Warsaw Time or Romance Standard Time (RST). The 15th meridian east is the central axis per UTC+01:00 in the world system of time ...
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.
By this arrangement the HKMA guarantees to exchange United States dollar into Hong Kong dollars and vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert United States dollar for Hong Kong dollars from the HKMA, Hong Kong dollars supply will increase, and the market rate will climb back to 7.80.
It is included the Linked Exchange Rate System and noticeable features such as the Aggregate Balance, Certificates of Indebtedness and coins issued and the Outstanding Exchange Fund Bills and Notes. The Interest Rate Adjustment Mechanism is an automatic system that maintains the stability of the Hong Kong dollar exchange rate.