USD/HKD: what to know
The USD/HKD rate shows how much HKD you get for 1 USD. Right now, 1 USD buys 7.8482 HKD at the mid-market rate. In the other direction, 1 HKD is worth 0.1274 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while HKD responds to its peg to the US dollar.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. 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 USD/HKD rate has ranged between 7.7657 and 7.8827 — 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.