HKD=X - USD/HKD

CCY - CCY Delayed Price. Currency in HKD
7.8453
-0.0021 (-0.0268%)
At close: 8:50PM BST
Stock chart is not supported by your current browser
Previous close7.847
Open7.844
Bid7.845
Day's range7.844 - 7.846
52-week range7.7857 - 7.8536
Ask7.846
  • Reuters11 days ago

    HKMA intervenes as Hong Kong dollar weakens, buys HK$9.5 bln in US trade

    NEW YORK/HONG KONG, May 17 (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into the currency market and bought another HK$4.710 billion ($600 million) in Hong Kong dollars on Wednesday U.S. time as the local currency hit the weaker end of its trading range. The Hong Kong dollar is pegged at 7.8 to the U.S. dollar but can trade between 7.75 and 7.85. Under the currency peg, the HKMA is obliged to intervene when the Hong Kong dollar hits 7.75 or 7.85 to keep the band intact.

  • Reuters25 days ago

    BRIEF-HKEx Says Unit OTC Clearing Expands Its Services to USD/HKD Cross Currency Swaps

    May 2 (Reuters) - Hong Kong Exchanges and Clearing Ltd : * SAYS UNIT OTC CLEARING COMMENCES CLEARING OF USD/HKD CROSS CURRENCY SWAPS, EXTENDS CLEARABLE TENOR OF BOTH HKD INTEREST RATES SWAPS AND HKD BASIS ...

  • Reuterslast month

    BRIEF-Hkma Buys Another Hk$10.17 Billion To Keep Hong Kong Dollar In Trading Band

    April 18 (Reuters) - * HKMA BUYS ANOTHER HK$10.17 BILLION TO KEEP HONG KONG DOLLAR IN TRADING BAND ($1 = 7.8491 Hong Kong dollars) (Reporting by Dan Burns)

  • Reuterslast month

    HKMA intervenes again as Hong Kong dollar weakens, buys HK$5.1 bln

    The Hong Kong Monetary Authority (HKMA) stepped into currency markets again early on Wednesday, buying an additional HK$5.102 billion ($649.70 million) in U.S trading hours as its currency repeatedly hit the weak end of its trading band. The latest intervention will reduce the aggregate balance - the sum of balances on clearing accounts maintained by banks with the HKMA - to HK$146.151 billion on April 19, according to Reuters data.

  • MarketWatchlast month

    Brace for more intervention on the Hong Kong dollar: strategist

    The Hong Kong dollar has been stabilized through foreign exchange interventions over the past days, but more action will be necessary to reverse its weakness that has been inspired by a stark interest ...

  • Reuterslast month

    HKMA intervenes again as Hong Kong dollar weakens, buys HK$6.2 bln

    HONG KONG/NEW YORK, April 17 (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into currency markets again on Tuesday, buying an additional HK$6.2 billion ($790 million) as its currency repeatedly hit the weak end of its trading band. Including the HK$3.38 bln bought earlier on Tuesday, the HKMA has now mopped up HK$28.6 billion from the foreign exchange market since Thursday, after the local dollar hit the weaker end of its trading range at 7.85 per U.S. dollar, nudging up a key lending rate that could boost borrowing costs.

  • Reuterslast month

    BRIEF-Hkma Buys Hk$6.2 Billion In Local Currency To Keep Hong Kong Dollar Within Its Trading Band

    April 17 (Reuters) - * HKMA BUYS HK$6.2 BILLION IN LOCAL CURRENCY TO KEEP HONG KONG DOLLAR WITHIN ITS TRADING BAND ($1 = 7.8498 Hong Kong dollars) (Reporting by Dan Burns)

  • Reuterslast month

    HKMA intervenes again as Hong Kong dollar weakens, buys HK$3.38 bln

    The Hong Kong Monetary Authority (HKMA) stepped into currency markets again on Tuesday, buying HK$3.38 billion ($431 million) in Hong Kong dollars as the currency repeatedly hit the weak end of its trading band. The latest intervention will reduce the aggregate balance - the sum of balances on clearing accounts maintained by banks with the HKMA - to HK$157.46 billion on April 19, according to Reuters data.

  • Reuterslast month

    HKMA intervenes again as Hong Kong dollar weakens, buys HK$5.77 bln in US trade

    The Hong Kong Monetary Authority (HKMA) stepped into currency markets again in U.S. trading hours, buying HK$5.77 billion ($735 million) in Hong Kong dollars as the currency repeatedly hit the weak end of its trading band. The latest intervention will reduce the aggregate balance - the sum of balances on clearing accounts maintained by banks with the HKMA - to HK$160.74 billion on April 18, according to Reuters data.

  • MarketWatchlast month

    Hong Kong, China stocks slump as worries over Hong Kong dollar persist

    Asian stocks saw early gains erode by midmorning Monday, led by declines in Hong Kong and Chinese equities as investors assess airstrikes against Syria over the weekend and focus on the start of earnings ...

  • Reuterslast month

    HKMA intervenes again as Hong Kong dollar weakens, buys HK$3.59 bln

    HONG KONG, April 16 (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into currency markets again on Monday, buying HK$3.59 billion ($457.33 million) in Hong Kong dollars as the currency repeatedly ...

  • Reuterslast month

    HKMA intervenes as Hong Kong dollar hits weak end of trading band

    Hong Kong's central bank bought the local currency on Friday, as part of its first intervention in foreign exchange markets since 2015 after the Hong Kong dollar hit the weaker end of its trading range, nudging up a key lending rate that could push borrowing costs higher. "I reiterate that the HKMA will buy Hong Kong dollars (HKD) and sell U.S. dollars at 7.85 level to ensure that the HKD exchange rate will not weaken beyond 7.8500," Norman Chan, chief executive of the Hong Kong Monetary Authority (HKMA), said in a statement.

  • Reuterslast month

    HKMA buys HK$3.038 bln as HK dollar hits weak end of trading band

    The Hong Kong Monetary Authority (HKMA) stepped into the currency market and bought another HK$3.038 billion ($387.01 million) in Hong Kong dollars on Friday, as the local currency hit the weaker end of its trading range. According to the HKMA, the latest intervention will reduce the aggregate balance - the sum of balances on clearing accounts maintained by banks with the authority - to HK$173.482 billion ($22.10 billion) on April 17, when the withdrawn funds will be settled. Earlier in the session, the central bank bought HK$2.442 billion ($311 million) of Hong Kong dollars from the foreign exchange market as the local currency hit the weaker end of its trading range.

  • Forex – Dollar Falls Despite Easing Syria Tension
    Investing.comlast month

    Forex – Dollar Falls Despite Easing Syria Tension

    Investing.com – The dollar slid in Asia on Friday morning as U.S. trade outlook remained uncertain, despite improving risk appetite amid the easing geopolitical worries over Syria. The market also watched closely China’s trade balance figures that can be directional drivers for risk assets and cues for Sino-U.S. trade relations.

  • Reuterslast month

    BRIEF-HKMA Says Is Fully Capable Of Maintaining The Stability Of The HKD

    April 12 (Reuters) - Hong Kong Monetary Authority * SAYS IS FULLY CAPABLE OF MAINTAINING THE STABILITY OF THE HKD AND MANAGING LARGE SCALE CAPITAL FLOWS * SAYS WILL BUY HONG KONG DOLLAR AND SELL USD AT ...

  • MarketWatchlast month

    Hong Kong dollar faces first monetary intervention since 2015

    The Hong Kong Monetary Authority intervened in the exchange rate of the Hong Kong dollar for the first time since 2015 on Wednesday, according to the Wall Street Journal. The institution sold $104 million, ...

  • Reuterslast month

    HKMA buys HK$816 mln as HK dollar hits weaker end of trading band

    The Hong Kong Monetary Authority (HKMA) on Thursday bought HK$816 million ($103.95 million) Hong Kong dollars from the currency market as the local currency hit the weaker end of its trading range. According to the HKMA, the latest intervention will reduce the aggregate balance - the sum of balances on clearing accounts maintained by banks with the authority - to HK$178.96 billion on April 16, when the withdrawn funds will be settled. The Hong Kong dollar is pegged at 7.8 to the U.S. dollar, but can trade between 7.75 and 7.85.

  • Reuters2 months ago

    Hong Kong dollar will soon hit low end of trading band - cen bank

    Hong Kong's central bank said on Thursday the local currency will very soon hit the low end of its trading band at 7.85 per dollar. Hong Kong Monetary Authority Chief Executive Norman Chan was speaking after the central bank raised its base rate charged through its overnight discount window by 25 basis points to 2.00 percent, following a rate increase by the U.S. Federal Reserve. On Wednesday, the Hong Kong dollar hit a 33-year low, inching closer to the lower end of the monetary authority's targeted trading band, as the interest rate gap between U.S. dollar rates and Hong Kong counterpart widened further.

  • Reuters3 months ago

    HK dollar weakens to fresh 33-year low, eyes on possible intervention

    The Hong Kong dollar extended its slide to a fresh 33-year trough on Friday, a day after the city's de facto central bank said it may not intervene until the currency peg touches the floor of its trading band. The currency hit 7.8440 per U.S. dollar, inching closer to the weak end of the 7.75-7.85 per dollar band under Hong Kong's linked exchange rate system.

  • Why is the Hong Kong dollar probing the weak end of its band?
    Reuters3 months ago

    Why is the Hong Kong dollar probing the weak end of its band?

    The Hong Kong dollar has been losing ground steadily to the U.S. dollar since the start of 2017 and is near its weakest in 33 years, a milestone it has now touched for six consecutive sessions. The Hong Kong Monetary Authority (HKMA) is obligated to intervene to defend both ends of the peg. The currency hit 7.8440 per U.S. dollar on Friday and has dropped 66 basis points since November.

  • Reuters3 months ago

    Abundant liquidity sends Hong Kong dollar to weakest in 33 years

    The Hong Kong dollar hit its weakest levels in 33 years on Wednesday as a lingering excess of liquidity in interbank markets has pushed the difference between local and U.S. rates to its widest since the global financial crisis. Hong Kong's markets have been flooded with liquidity over the past decade as heavy money printing by global central banks, led by the U.S. Federal Reserve, have directed large flows of new cash to the territory, whose financial centre serves as the main gateway to the outperforming Asian economies. While liquidity in Hong Kong's interbank markets has been dropping from a peak of over HK$400 billion ($51 billion) in 2015 as the Fed started to raise borrowing costs and other western central banks contemplate doing the same, current levels of around HK$180 billion are still not low enough to put upward pressure on HIBOR interbank lending rates.

  • Reuters3 months ago

    Hong Kong dollar weakens to lowest since trading band was introduced in 2005

    HONG KONG, March 5 (Reuters) - The Hong Kong dollar eased to 7.8319 to the U.S. dollar late on Monday, hitting its lowest level against the dollar since a trading band was introduced in 2005. The Hong ...

  • Reuters4 months ago

    Hong Kong dollar seen staying weak, thanks to low local interest rates

    No matter how low the U.S. dollar might go, one Asian currency that has not strengthened against it recently is expected to stay weak - the Hong Kong dollar. Hong Kong's currency is a case by itself, as it is pegged against the U.S. dollar and only trades in a narrow band. A main reason for weakness is ample liquidity in the financial system, which keeps a lid on Hong Kong dollar interest rates.

  • Reuters5 months ago

    Hong Kong dollar falls to weakest in nearly two years

    The Hong Kong dollar fell to its softest level in nearly two years against the U.S. dollar in late morning trade on Thursday. The Hong Kong dollar's depreciation is due to strong demand for U.S. dollars near the end of the year and its weakness is expected to continue as monetary policy normalisation and U.S. tax cuts could bring more funds back to the United States. The Hong Kong dollar, pegged against the greenback, fluctuates between 7.75 and 7.85 per dollar, and the HKMA is required to intervene if it hits either end of the currency band.

  • Reuters5 months ago

    Hong Kong dollar hits 3-month low amid robust greenback demand

    The Hong Kong dollar on Tuesday fell to its weakest against the U.S. dollar in three months, triggered by strong demand for the greenback as the year draws to a close, analysts said. Earlier in the session, the Hong Kong dollar touched 7.8211 per dollar, its lowest since Sept. 7. "Heading to the year-end, we look for further HKD weakness as the HKMA granted the green light for HKD depreciation to its weak side of convertibility of 7.85 and verbally removed the threat of extra EFBNs issuance in the near term," said Ken Cheung, senior Asian FX strategist, Mizuho Bank.