HKD/USD: what to know
The HKD/USD rate shows how much USD you get for 1 HKD. Right now, 1 HKD buys 0.1274 USD at the mid-market rate. In the other direction, 1 USD is worth 7.8482 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while USD responds to Fed policy, US growth 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 US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the HKD/USD rate has ranged between 0.1269 and 0.1288 — a change of -0.81% 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.