Hong Kong dollar
| 港元 (Chinese) | |
|---|---|
| ISO 4217 | |
| Code | HKD (numeric: 344) |
| Subunit | 0.01 |
| Unit | |
| Plural | Dollars (English only) |
| Symbol | $, HK$ or 元 |
| Denominations | |
| Subunit | |
| 1⁄10 | 毫 (hòu) ("háo") (Chinese only) |
| 1⁄100 | 仙 (Sin) ("xiān") (Chinese) cent (plural: cents, symbol: ¢) (English) |
| 1⁄1000 (historical) | 文 (mành) ("wèn") (Chinese) mil (English) |
| Banknotes | |
| Freq. used | HK$10, HK$20, HK$50, HK$100, HK$500, HK$1,000 |
| Rarely used | HK$150 (Commemorative note) |
| Coins | |
| Freq. used | 10¢, 20¢, 50¢, HK$1, HK$2, HK$5 |
| Rarely used | HK$10 |
| Demographics | |
| Date of introduction | 1846[1] |
| Official user(s) | Hong Kong SAR |
| Unofficial user(s) | Macau SAR (alongside with Macanese Pataca) |
| Issuance | |
| Monetary authority | Hong Kong Monetary Authority |
| Website | www |
| Printer | Hong Kong Note Printing Issuing banks and authority
|
| Valuation | |
| Inflation | 1.7%[2] (March 2022 est.) |
| Pegged with | U.S. Dollar (USD)[3] US$1.00 USD = HK$7.80±0.05 |
| Pegged by | Macanese pataca (MOP$) HK$1.00 = MOP$1.03 |
| Hong Kong dollar | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chinese | 港元 | ||||||||||||||||||||||||||
| Cantonese Yale | Góng yùn | ||||||||||||||||||||||||||
| Literal meaning | (Hong) Kong dollar | ||||||||||||||||||||||||||
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| Alternative Chinese name | |||||||||||||||||||||||||||
| Traditional Chinese | 港幣 | ||||||||||||||||||||||||||
| Simplified Chinese | 港币 | ||||||||||||||||||||||||||
| Cantonese Yale | Góng bàih | ||||||||||||||||||||||||||
| Literal meaning | (Hong) Kong coin | ||||||||||||||||||||||||||
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The Hong Kong dollar (Chinese: 港元, sign: HK$; code: HKD) is the official currency of Hong Kong. It is divided into 100 cents. Historically, it was also divided into 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar.
Three commercial banks are licensed by the Hong Kong Monetary Authority to issue their own banknotes for general circulation in Hong Kong. These banks, HSBC, Bank of China, and Standard Chartered, issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$150, HK$500, and HK$1000, with all designs being similar to one another in the same denomination of banknote. However, the HK$10 banknote and all coins are issued by the Government of Hong Kong.
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. It is pegged at 1 Hong Kong dollar to 1.03 Macanese patacas, and is generally accepted at par or MOP 1.00 for retail purchases.[5]
- ^ "History of Note-issuing Banks in Hong Kong". Hong Kong Monetary Authority. Retrieved 1 October 2024.
- ^ "表052：消費物價指數 （2014年10月至2015年9月＝100）政府統計處". Hong Kong Census and Statistics Department. Archived from the original on 16 June 2017. Retrieved 23 May 2017.
- ^ "Hong Kong Monetary Authority – Monetary Stability". hkma.gov.hk. Archived from the original on 31 May 2016. Retrieved 13 June 2016.
- ^ "Triennial Central Bank Survey Foreign exchange turnover in April 2019" (PDF). Bank for International Settlements. 16 September 2019. p. 10. Retrieved 16 September 2019.
- ^ "The Basics | Fodor's Travel". Archived from the original on 24 April 2016. Retrieved 9 April 2016.