Are you interested in the current exchange rates and the price of the Hong Kong dollar? Stay up to date at all times! Below we present the current quotes of the Hong Kong dollar in our online exchange.
Although Hong Kong is now an administrative region of the People's Republic of China, it has its own currency, the Hong Kong dollar. According to the ISO 4217 standard, the currency of Hong Kong uses the HKD international code and is sometimes also marked with the HK$ symbol.
The Hong Kong dollar is a legal tender the range of which is limited to Hong Kong, i.e. a special administrative zone of the People's Republic of China. The HKD currency is unofficially used in Macau. The central bank, Hong Kong Note Printing Limited, is responsible for the Hong Kong dollar and its exchange rate. Interestingly, when it comes to Hong Kong, banknotes are issued by the government and two private banks: Hong Kong&Shanghai Bank and Standard Chartered Bank.
One Hong Kong dollar is divided into 100 cents. The denominations of coins currently in circulation are: 10, 20, 50¢ and 1, 2, 5 and 10 HK$. The banknotes are 10, 20, 50, 100, 500 and 1000 HK$. The HKD coins are quite interesting due to their distinct shape, making them an attractive souvenir from the trip for tourists. HK banknotes have different graphic designs, depending on the issuing bank. What connects Hong Kong dollars, regardless of the issuing institution, is the colour scheme. The HK$ 20 bills are blue, HK$ 50 purple or green, HK$100 red, HK$ 500 brown and HK$ 1,000 yellow. The most characteristic is the 10 HKD banknote – unlike the others, it is made of plastic and has a transparent window.
The HKD emerged from monetary turmoil. In 1863, in London, the first replacement dollar coins were issued to standardise the system. When Japan was occupying Hong Kong, the currency in the territory changed to the Japanese military yen, but the change was annulled after the liberation. In 1972, the HKD rate was pegged to the US dollar. In 1972, the HKD rate was pegged to the US dollar. Since 1983, the Hong Kong dollar has been held at around HKD 7,8/USD 1.
In 2019, the currency of Hong Kong was the 13th most traded in the world. The reason for this is, for instance, a developed economy based on foreign trade, which makes the HK dollar interesting to many countries. Contrary to appearances, the Hong Kong dollar exchange rate may be interesting even for people trading in the US dollar, because possible deviations from the linked exchange rate cause great anxiety on the markets. The HKD to PLN relation is definitely of lesser importance. The pair is mainly of interest to tourists who decide to visit the coast of China. The exchange rate of the Hong Kong dollar may matter to them due to the rather high prices in Hong Kong. Before leaving, it is worth tracking how the HKD to PLN changes and buying the currency at the most opportune moment. Fortunately, even if you run out of cash on holidays, Hong Kong is full of ATMs where you can easily withdraw money.
Owing to the agreement between China and the United Kingdom, Hong Kong retains autonomy with respect to currency issuance.
10 HKD is unique, because it comes in coins and banknotes. In addition, it is the only denomination not issued by the Bank of China.
Until 1841, Hong Kong did not have its own means of payment, and one could find various currencies in circulation, e.g. Indian rupees, Spanish and Mexican reals, and various Chinese coins.
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