XRP/HKD: what to know
The XRP/HKD rate shows how much HKD you get for 1 XRP. Right now, 1 XRP buys 10.6513 HKD at the mid-market rate. In the other direction, 1 HKD is worth 0.0939 XRP.
In the short term XRP is driven mainly by crypto-market sentiment and regulation, while HKD responds to its peg to the US dollar.
XRP is designed for fast, low-cost payments and cross-border settlement. 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 XRP/HKD rate has ranged between 7.7884 and 23.9844 — a change of -55.63% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.