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3.3 Singapore dollar as exchange rate anchor. 3.4 Hong Kong dollar as exchange rate anchor. 4 Conventional peg. Toggle Conventional peg subsection.
This is a list of circulating fixed exchange rate currencies, ... Singapore dollar: 1 Bulgarian lev: Euro: ... Hong Kong dollar: 1.03 Macedonian denar: Euro: 61.3644 ...
Currency distribution of global foreign exchange market turnover [1. ... Hong Kong dollar: HKD $, ... 3.5%: 2.6%: 0.9pp Singapore dollar: SGD $, S$ 1.8%: 2.4%: 0.6pp ...
On 17 October 1983, the Hong Kong dollar was officially pegged to the U.S. dollar at a rate of HK$7.8 = US$1, officially switching back to the currency board system. The peg of Hong Kong dollar to the U.S. dollar in 1983 actually took place in the context of Sino-British negotiation regarding the future of Hong Kong after 1997.
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
Traders regularly buy and sell them in an open market with minimal impact on their own international exchange rates. The origin of the term G10 currencies is not clear, however it may be derived from the G10 countries and their agreement to participate in the IMF General Arrangements to Borrow (GAB). There is no longer a one-to-one match ...
Hong Kong dollar: HKD $, HK$, ... JPY/SGD exchange rate since 2013 SGD/EUR exchange rate since 2013. See also. Economy of Singapore; Notes.
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.