Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
base info SONGOKU

calculator.detail.title

calculator.detail.title_des
SONGOKU
SONGOKU
swap
HKD
coin.update_time (UTC+0)calculator.common.refreshrefresh
widget.page_site
calculator.detail.computed_des

calculator.fiat.title

About the Hong Kong Dollar (HKD)

What Is the Hong Kong Dollar (HKD)?

The Hong Kong dollar (HKD), symbolized as HK$, is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Dollar is the sole legal tender in Hong Kong, and it is widely used for all transactions within the territory. While Hong Kong is a part of China, it has a separate currency and operates under a different monetary system than mainland China, which uses the Chinese Yuan (CNY).

The Hong Kong Dollar (HKD) is issued by both the government and three major commercial banks, making it one of the few currencies in the world with such a dual issuance system. The government, through the Hong Kong Monetary Authority (HKMA), issues coins and the HK$10 banknotes, while the larger denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000 are issued by The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong).

What Is the History of HKD?

The HKD's history dates back to the early days of Hong Kong as a British colony. Initially, various foreign currencies circulated in the region. The first local currency, the Hong Kong silver dollar, was minted in 1863. However, it faced resistance from the local population, accustomed to the silver Spanish dollar system. The 20th century saw several shifts in HKD's value, pegged at different times to the British pound and the US dollar. Since 1983, HKD has been linked to the US dollar at a rate of HK$7.80 = US$1, providing stability and confidence in Hong Kong's financial system.

Notes and Coins of HKD

Banknotes in Hong Kong are distinctively issued by three major commercial banks - The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong) - alongside the government, a rarity in global banking. These notes, available in denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000, feature advanced security measures like watermarks and holograms, and occasionally, commemorative notes are released to mark significant events. The coinage, comprising denominations of 10 cents, 20 cents, 50 cents, HK$1, HK$2, HK$5, and HK$10, showcases designs that include the Bauhinia flower, a symbol of Hong Kong, and varies in composition from nickel-brass to cupronickel and brass-plated steel.

Can You Use HKD in Other Countries?

The Hong Kong Dollar (HKD) is predominantly used within Hong Kong and is not officially recognized as a currency in other countries. However, it finds notable acceptance in Macau, where, despite the Macanese Pataca being the official currency, HKD is widely accepted in various establishments due to the close economic ties and geographical proximity between the two regions. Additionally, in some border areas of Mainland China, particularly cities like Shenzhen, HKD might occasionally be accepted, primarily in businesses that cater to tourists from Hong Kong. Beyond these areas, HKD generally isn't accepted for everyday transactions, and travelers are advised to exchange it for the local currency or rely on international credit/debit cards. The HKD's status as a freely convertible currency facilitates its exchange in major cities and financial centers worldwide, reflecting Hong Kong's global financial significance.

Is HKD a Stable Currency?

The Hong Kong Dollar (HKD) is considered a stable currency, largely due to its peg to the US Dollar under a linked exchange rate system since 1983. This arrangement, supported by the Hong Kong Monetary Authority's substantial foreign exchange reserves, ensures consistent value and predictability. Coupled with Hong Kong's robust financial system and prudent fiscal policies, the HKD maintains stability despite global economic influences and its connection to Mainland China's economy, reinforcing its reliability in the global financial market.

What Is the Relationship Between HKD and CNY?

The Hong Kong Dollar (HKD) and the Chinese Yuan (CNY), also known as the Renminbi (RMB), maintain a distinctive relationship underpinned by the "one country, two systems" principle, allowing them to function as separate currencies despite Hong Kong's status as a Special Administrative Region of China. The HKD, pegged to the US Dollar, operates under a linked exchange rate system providing stability, while the CNY follows a managed floating rate system, reflecting different economic policies and market dynamics. This separation facilitates significant trade and investment flows between Hong Kong and Mainland China, necessitating frequent currency conversions. Hong Kong's role as an international financial center means that fluctuations in the HKD can influence the CNY, particularly in terms of capital flows and investment trends, and vice versa. Crucially, Hong Kong serves as the largest offshore Renminbi trading center, playing a pivotal role in the internationalization of the Renminbi, while both regions maintain a degree of policy coordination and communication, especially in broader economic strategies within China.

coin.about_expand
calculator.fiat.text_2

calculator.detail.trend

1D7D1M3M1YAll
calculator.detail.trend_des

calculator.compare.title

calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
$0.{12}9592
0.0200% / 0.0320%vip-iconcalculator.compare.vip
coin.update_time(UTC+0)

calculator.right.title

buy-coin-step-0-img
calculator.htb.step1_title
calculator.htb.step1_des
buy-coin-step-1-img
calculator.htb.step2_title
calculator.htb.step2_des
buy-coin-step-2-img
calculator.htb.step4_title
calculator.htb.step4_des

calculator.p2p.buy_title

calculator.p2p.buy_desc3
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.low_to_high
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.p2p.sell_title

calculator.p2p.sell_desc4
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.high_to_low
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.detail.affect_title

calculator.detail.affect_down
calculator.detail.affect_today
calculator.detail.affect_market
$0
calculator.detail.affect_valume
$11.57096903
calculator.detail.affect_supply
0 SONGOKU

calculator.detail.conversion_table

calculator.detail.conversion_down
calculator.detail.conversion_des1
calculator.detail.conversion_des2

coin.current_to_local

coin.amount
calculator.detail.time_
0.5 SONGOKU
$0.{12}4796
1 SONGOKU
$0.{12}9592
5 SONGOKU
$0.{11}4796
10 SONGOKU
$0.{11}9592
50 SONGOKU
$0.{10}4796
100 SONGOKU
$0.{10}9592
500 SONGOKU
$0.{9}4796
1000 SONGOKU
$0.{9}9592

coin.current_to_local

coin.amountcalculator.detail.time_
0.5HKD521,247,312,292.48  SONGOKU
1HKD1,042,494,624,584.97  SONGOKU
5HKD5,212,473,122,924.84  SONGOKU
10HKD10,424,946,245,849.67  SONGOKU
50HKD52,124,731,229,248.36  SONGOKU
100HKD104,249,462,458,496.72  SONGOKU
500HKD521,247,312,292,483.56  SONGOKU
1000HKD1,042,494,624,584,967.1  SONGOKU

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 SONGOKU$0.{13}6170$0.{13}6200
-0.48%
1 SONGOKU$0.{12}1234$0.{12}1240
-0.48%
5 SONGOKU$0.{12}6170$0.{12}6200
-0.48%
10 SONGOKU$0.{11}1234$0.{11}1240
-0.48%
50 SONGOKU$0.{11}6170$0.{11}6200
-0.48%
100 SONGOKU$0.{10}1234$0.{10}1240
-0.48%
500 SONGOKU$0.{10}6170$0.{10}6200
-0.48%
1000 SONGOKU$0.{9}1234$0.{9}1240
-0.48%

calculator.detail.price_month

coin.amountcalculator.detail.time_calculator.detail.price_month_agocalculator.detail.price_month_change
0.5 SONGOKU$0.{13}6170$0.{13}6740
-8.43%
1 SONGOKU$0.{12}1234$0.{12}1348
-8.43%
5 SONGOKU$0.{12}6170$0.{12}6740
-8.43%
10 SONGOKU$0.{11}1234$0.{11}1348
-8.43%
50 SONGOKU$0.{11}6170$0.{11}6740
-8.43%
100 SONGOKU$0.{10}1234$0.{10}1348
-8.43%
500 SONGOKU$0.{10}6170$0.{10}6740
-8.43%
1000 SONGOKU$0.{9}1234$0.{9}1348
-8.43%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 SONGOKU$0.{13}6170$0.{12}2033
-69.65%
1 SONGOKU$0.{12}1234$0.{12}4066
-69.65%
5 SONGOKU$0.{12}6170$0.{11}2033
-69.65%
10 SONGOKU$0.{11}1234$0.{11}4066
-69.65%
50 SONGOKU$0.{11}6170$0.{10}2033
-69.65%
100 SONGOKU$0.{10}1234$0.{10}4066
-69.65%
500 SONGOKU$0.{10}6170$0.{9}2033
-69.65%
1000 SONGOKU$0.{9}1234$0.{9}4066
-69.65%

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

calculator.earn.title

calculator.earn.des
calculator.earn.coin

calculator.earn.apr

calculator.earn.action

calculator.p2p.latest_coins_title

calculator.p2p.latest_coins_desc

faq.title

calculator.faq.question1

calculator.faq.answer1

calculator.faq.question2

calculator.faq.answer2

calculator.faq.question3

calculator.faq.answer3

calculator.faq.question4

calculator.faq.answer4

calculator.faq.question5

calculator.faq.answer5

calculator.faq.question6

calculator.faq.answer6
calculator.detail.disclaimers