HKD/CNY: what to know
The HKD/CNY rate shows how much CNY you get for 1 HKD. Right now, 1 HKD buys 0.8554 CNY at the mid-market rate. In the other direction, 1 CNY is worth 1.1690 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while CNY responds to PBoC decisions and Chinese growth.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the HKD/CNY rate has ranged between 0.8534 and 0.9183 — a change of -6.50% 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.