The HKD/USD pair shows how many Hong Kong dollars are needed to buy one US dollar, reflecting the linked exchange rate system.
The curve shows the change in one unit of HKD expressed in USD. An upward slope means the base currency is strengthening relative to the quote currency; a downward slope indicates the opposite.
Use the 7-day, 30-day or 1-year periods to distinguish a short movement from a more lasting trend.
Volatility can reflect central-bank announcements, economic data, trade flows or risk sentiment. A chart is not a forecast: it describes the observations available for the selected period.
Du au · 7 observations
The HKD/USD currency pair represents the exchange rate between the Hong Kong dollar and the US dollar, quoted as the number of Hong Kong dollars required to purchase one US dollar. This pair is unique because the Hong Kong dollar has been pegged to the US dollar since 1983 under a linked exchange rate system, maintaining a narrow trading band of 7.75 to 7.85 HKD per USD. A rise in the pair (appreciation of the base currency, USD) means the US dollar strengthens relative to the Hong Kong dollar, while a fall indicates USD weakness. The pair is widely used by international businesses, investors, and travelers due to Hong Kong's role as a global financial hub and its currency's stability.
The structural driver of HKD/USD is the linked exchange rate system maintained by the Hong Kong Monetary Authority (HKMA), which commits to keeping the Hong Kong dollar within the 7.75–7.85 band against the US dollar. The HKMA adjusts interest rates and intervenes in the foreign exchange market to defend the peg. The US Federal Reserve's monetary policy, particularly interest rate decisions, influences the pair indirectly, as Hong Kong's interest rates tend to follow US rates to maintain the peg. Other factors include capital flows into and out of Hong Kong, trade balances, tourism, and risk sentiment in Asian markets. The peg provides stability but limits independent monetary policy for Hong Kong.
Over the past several years, the HKD/USD pair has remained within the 7.75–7.85 band, with occasional interventions by the HKMA to prevent breaches. The pair has been influenced by US interest rate cycles, global risk appetite, and capital flows related to Hong Kong's financial markets. The peg has held despite economic shocks and political events, reflecting the HKMA's commitment and ample foreign reserves. Future movements will depend on the continuation of the linked exchange rate system and the relative monetary policies of the US and Hong Kong.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,12751247 | -0.01% | |
| 0,12752158 | +0% | |
| 0,12752158 | +0.00% | |
| 0,12751849 | +0% | |
| 0,12751849 | +0.01% | |
| 0,12750548 | -0.01% | |
| 0,12751882 | — |
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Displayed source: api.forex. Indicative values are used only as a visual fallback.