HKD/JPY: what to know
The HKD/JPY rate shows how much JPY you get for 1 HKD. Right now, 1 HKD buys 19.5604 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.0511 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while JPY responds to Bank of Japan policy and global risk appetite.
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 Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the HKD/JPY rate has ranged between 18.8259 and 20.8978 — a change of +3.97% 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.