HKDUSD=X - HKD/USD

CCY - CCY Delayed Price. Currency in USD
0.1274
-0.0000 (-0.0229%)
As of 9:39PM BST. Market open.
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Previous Close0.127
Open0.127
Bid0.127
Day's Range0.127 - 0.127
52 Week Range0.1273 - 0.1283
Ask0.127
  • Reuters19 days ago

    Hong Kong Exchange Fund assets HK$4.168 trln end-April - HKMA

    May 31 (Reuters) - Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$4,168.0 billion ($531.09 billion) at the end of April, the Hong Kong Monetary Authority (HKMA) said ...

  • Reuterslast month

    Hong Kong Exchange Fund Q1 investment income weakest in five qtrs

    Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted an investment income of HK$26.1 billion ($3.32 billion) in the first quarter, the Hong Kong Monetary Authority (HKMA) said on Tuesday, its worst performance in five quarters. In 2017, the exchange fund saw its investment income hitting an adjusted record high HK$264.0 billion.

  • Reuters2 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.

  • Reuters2 months ago

    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of balances on clearing accounts maintained by banks with the authority - to HK$178.96 billion on April 16, when the withdrawn funds will be settled.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.

  • Reuters3 months ago

    Hong Kong Exchange Fund assets HK$4.190 trln end-Feb - HKMA

    Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$4,189.6 billion ($533.84 billion) at the end of February, the Hong Kong Monetary Authority (HKMA) said on Thursday. The figure was HK$3.0 billion lower than the total at the end of January, with foreign currency assets increasing by HK$9.8 billion and Hong Kong dollar assets decreasing by HK$12.8 billion, the city's de facto central bank said in a statement. The HKMA said the rise in foreign currency assets was mainly due to the increase in unsettled purchases of securities and the issuance of Certificates of Indebtedness, which were partly offset by mark-to-market reduction in the value of foreign currency portfolios.

  • Reuters3 months ago

    Hong Kong follows Fed hike, HKMA ready to defend peg as HK$ at new 33-year low

    The Hong Kong Monetary Authority (HKMA) raised its base rate charged through its overnight discount window by 25 basis points (bps) on Thursday to 2.00 percent, in lockstep with the U.S Federal Reserve. The move came as the Hong Kong dollar fell to a fresh 33-year low, and looked set to test the low end of its trading band, prompting the central bank to reaffirm it would intervene to defend the financial hub's currency peg. The Fed raised interest rates by a quarter of a percentage point overnight in its first hike this year and forecast at least two more hikes for 2018, signalling growing confidence that U.S. tax cuts and government spending will boost the economy and inflation, and lead to more aggressive future tightening.

  • 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

    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. The currency has been weakening since November alongside a rise in U.S. interest rates, which has widened the gap between local and U.S. yields.

  • 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 Exchange Fund assets at HK$4.193 trln end-Jan - HKMA

    Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$4,192.5 billion ($535.63 billion) at the end of January, the Hong Kong Monetary Authority (HKMA) said on Wednesday. The figure was HK$169.0 billion higher than the total at the end of December, with foreign currency assets and Hong Kong dollar assets rising HK$130.2 billion and HK$38.8 billion respectively, the city's de facto central bank said in a statement. The HKMA said the rise in foreign currency assets was mainly due to the increase in unsettled purchases of securities, purchase of foreign currencies with Hong Kong dollars and income from foreign currency portfolios.

  • Reuters5 months ago

    Hong Kong Exchange Fund assets at HK$4.024 trln end-Dec - HKMA

    Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$4,023.5 billion ($514.56 billion) at the end of December, the Hong Kong Monetary Authority (HKMA) said on Wednesday. The figure was HK$43.9 billion higher than the total at the end of November, with foreign currency assets increased by HK$50.4 billion, while Hong Kong dollar assets decreased by HK$6.5 billion, the city's de facto central bank said in a statement. The HKMA said the rise in foreign currency assets was mainly due to the purchase of foreign currencies with Hong Kong dollars, the issuance of Certificates of Indebtedness and income from foreign currency portfolios, which were partly offset by a decrease in unsettled purchases of securities.

  • Reuters6 months ago

    Hong Kong Exchange Fund end-Nov assets at HK$3.98 trln -HKMA

    Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,979.6 billion ($509.21 billion) at the end of November, the Hong Kong Monetary Authority (HKMA) said on Friday. The figure was HK$25.8 billion lower than the total at the end of October, with foreign currency assets increased by HK$6.7 billion while Hong Kong dollar assets decreased by HK$32.5 billion, the city's de facto central bank said in a statement. The HKMA said the rise in foreign currency assets was mainly due to the purchase of foreign currencies with Hong Kong dollars and income from foreign currency portfolios, which were partly offset by a decrease in unsettled purchases of securities.

  • Reuters6 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.

  • Reuters7 months ago

    Hong Kong Exchange Fund end-Oct assets at HK$4 trln - HKMA

    Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$4,005.4 billion ($512.98 billion) at the end of October, the Hong Kong Monetary Authority (HKMA) said on Thursday. The figure was HK$102.9 billion higher than the total at the end of September, with foreign currency assets and Hong Kong dollar assets rising HK$39.1 billion and HK$63.8 billion respectively, the city's de facto central bank said in a statement. The HKMA said the rise in foreign currency assets was mainly due to an increase in unsettled purchases of securities and mark-to-market gains on foreign currency portfolios.