JPY/HKD: what to know
The JPY/HKD rate shows how much HKD you get for 1 JPY. Right now, 1 JPY buys 0.0511 HKD at the mid-market rate. In the other direction, 1 HKD is worth 19.5604 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while HKD responds to its peg to the US dollar.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. 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 JPY/HKD rate has ranged between 0.0479 and 0.0531 — a change of -3.82% 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.