HKD=X - USD/HKD

CCY - CCY Delayed Price. Currency in HKD
7.8079
-0.0345 (-0.4399%)
At close: 10:06PM BST
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Previous Close7.842
Open7.842
Bid7.808
Day's Range7.792 - 7.843
52 Week Range7.7915 - 7.8555
Ask7.809
  • Reuters21 hours ago

    EMERGING MARKETS-Recovery grows strong, Hong Kong dollar goes wild

    Emerging markets extended their recovery on Friday, as what looked set to be a marquee week for South Africa’s rand and the best day for Chinese stocks in over two years helped sweep away some of the recent gloom. The day's surprise came from the closely-controlled Hong Kong dollar which saw its biggest spike since 2003 overnight and a frenzy of activity options market in the process. Traders couldn't entirely explain the move, although some pointed to a rise in local money market rates as evidence that domestic banks might raise their lending rates next week, in reaction to another possible rate rise by the U.S. Federal Reserve.

  • Reutersyesterday

    Hong Kong dollar up about 0.2 pct, hits highest level since late Feb

    The Hong Kong dollar advanced about 0.2 percent against the dollar in early Friday trade, hitting its highest levels since late February. It rose to as high as 7.8244 to the U.S. dollar, and last traded ...

  • Reuters22 days ago

    BRIEF-HSBC To Raise HKD And Yuan New Fund Time Deposit Rates

    Aug 31 (Reuters) - HSBC Holdings Plc: * SAYS TO RAISE HONG KONG DOLLAR 3-MONTH, 6-MONTH AND 18-MONTH NEW FUND TIME DEPOSIT RATES, EFFECTIVE SEPT 3 * SAYS HKD TIME DEPOSITS MINIMUM AMOUNT IS HK$10,000 ($1,274.02) ...

  • Dollar Slips as U.S. Concludes Trade Talks with China
    Investing.com29 days ago

    Dollar Slips as U.S. Concludes Trade Talks with China

    Investing.com - The dollar slipped on Friday after rising briefly earlier in the day following the conclusion of the trade talks between U.S. and China that has yielded little progress.

  • China shores up the yuan, soothing devaluation fears
    MarketWatchlast month

    China shores up the yuan, soothing devaluation fears

    Chinese authorities move to shore up the yuan on Thursday, news reports say, by draining liquidity from the offshore traded currency via restrictions on Chinese banks.

  • MarketWatchlast month

    China limits offshore lending to support yuan: Reuters

    Chinese authorities moved to shore up the yuan by banning Chinese banks from certain offshore lending activities, according to Reuters, citing sources with direct knowledge of the matter. Banks may no longer deposit and lend yuan offshore through free trade zone schemes, the report said, which would in turn limit liquidity in the offshore yuan, making it more expensive to short it and pushing it higher. The move compares to action by the Hong Kong Monetary Authority in April, in which liquidity in the banking system was reduced to shore up the Hong Kong dollar (USDHKD) China's yuan sold off against the dollar for much of this year, weakening more than 5% in the year to date, according to FactSet.

  • Dollar Rises Amid Lingering Concerns Over Turkish Lira Crisis
    Investing.comlast month

    Dollar Rises Amid Lingering Concerns Over Turkish Lira Crisis

    Investing.com - The U.S. dollar advanced on Wednesday after hitting another 13-month high in the previous session as safe-haven demand increased amid lingering concerns over the Turkish lira crisis.

  • Reuterslast month

    HKMA intervened as Hong Kong dollar weakened, bought HK$2.16 bln

    HONG KONG, Aug 15 (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into the currency market in the U.S. trading hours on Tuesday, buying HK$2.159 billion ($275.05 million) in Hong Kong dollars ...

  • Reuters4 months 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.

  • Reuters5 months 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 ...

  • Reuters5 months ago

    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)

  • Reuters5 months ago

    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.

  • Reuters5 months ago

    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.

  • Reuters5 months ago

    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)

  • Reuters5 months ago

    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.

  • Reuters5 months ago

    BRIEF-HKMA Buys HK$3.38 Bln In Hong Kong Dollars To Keep Currency Within Trading Band

    April 17 (Reuters) - Hong Kong Monetary Authority * HKMA BUYS HK$3.38 BILLION ($430.58 million) IN LOCAL CURRENCY TO KEEP HONG KONG DOLLAR WITHIN ITS TRADING BAND ($1 = 7.8499 Hong Kong dollars) (Reporting ...

  • Reuters5 months ago

    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.

  • Reuters5 months ago

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

    The Hong Kong Monetary Authority stepped into the currency market again on Tuesday, buying HK$5.77 billion in Hong Kong dollars as the local currency repeatedly hit the lower end of its allowable trading ...

  • Reuters5 months ago

    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 ...

  • Reuters5 months ago

    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.

  • Reuters5 months ago

    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.com5 months ago

    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.

  • Reuters5 months ago

    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 ...