RON/HKD: what to know
The RON/HKD rate shows how much HKD you get for 1 RON. Right now, 1 RON buys 1.7313 HKD at the mid-market rate. In the other direction, 1 HKD is worth 0.5776 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while HKD responds to its peg to the US dollar.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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 RON/HKD rate has ranged between 1.7004 and 1.8329 — a change of -4.14% 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.