EUR/HKD: what to know
The EUR/HKD rate shows how much HKD you get for 1 EUR. Right now, 1 EUR buys 9.0967 HKD at the mid-market rate. In the other direction, 1 HKD is worth 0.1099 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while HKD responds to its peg to the US dollar.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank.
Over the past 12 months the EUR/HKD rate has ranged between 8.9012 and 9.3415 — a change of -0.51% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.