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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.
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.
3.4 Hong Kong dollar as exchange rate anchor. 4 Conventional peg. Toggle Conventional peg subsection. 4.1 US dollar as exchange rate anchor. ... Hong Kong ; ECCU
Canadian dollar $ CAD ... Hong Kong: Hong Kong dollar $ HKD Cent: 100 ... However, excluding the pegged (fixed exchange rate) currencies, ...
Currency ISO 4217 code Symbol or Abbrev. [2]Proportion of daily volume Change (2019–2022) April 2019 April 2022 U.S. dollar: USD $, US$ 88.3%: 88.5%: 0.2pp Euro
Hong Kong dollar: Macao (alongside the Macanese pataca, pegged at $1.032) Japanese yen : Zimbabwe (alongside several other currencies and U.S. dollar-denominated bond coins and bond notes of the Real Time Gross Settlement (RTGS) dollar )
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The paper currencies of some developed countries have earned recognition as hard currencies at various times, including the United States dollar, euro, British pound sterling, Japanese yen, Swiss franc and to a lesser extent the Canadian dollar, Australian dollar, New Zealand dollar, Swedish krona, Singapore dollar, and Hong Kong dollar.