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3.4 Hong Kong dollar as exchange rate anchor. ... 4.5 Indian Rupee as exchange rate anchor. ... Foreign exchange; Exchange rates; Currency band;
Hong Kong dollar – Hong Kong; International dollar – hypothetical currency pegged 1:1 to the United States dollar; ... List of countries by exchange rate regime;
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.
This is a list of circulating fixed exchange rate currencies, ... Indian rupee: 1 Bolivian boliviano: U.S. dollar: ... Hong Kong dollar: 1.03 Macedonian denar: Euro ...
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.
PKR Paisa: 100 Palau: United States dollar ... Private currency; Exchange rate; List of countries by exchange rate regime; Notes ... Hong Kong dollar $, HK$ or 元 ...
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. [1] Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro.
During the 1997 Asian financial crisis, currency speculators sold the Hong Kong dollar heavily and shorted local stocks and Hang Seng Index futures. The government controversially used the exchange fund to acquire HK$120 billion ( US$15 billion) worth of blue-chip shares in a two-week market intervention, beginning 12 August 1998 with the aim ...