Hong Kong Dollar

HKD

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Currency Reference Centre

Available Currency Pairs

EURHKD

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USDHKD

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GBPHKD

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CHFHKD

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AEDHKD

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AUDHKD

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CADHKD

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CNYHKD

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DKKHKD

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HKDCZK

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HKDHUF

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HKDJPY

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HKDMXN

View MXN

HKDTHB

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HKDZAR

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ILSHKD

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NOKHKD

View NOK

NZDHKD

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PLNHKD

View PLN

RONHKD

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SEKHKD

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SGDHKD

View SGD

Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: high
FX FORWARD
Maximum maturity: 24 months
Liquidity: high

Did You Know?

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Monetary policy

  • The Hong Kong Monetary Authority (HKMA) is the institution responsible for maintaining the monetary stability and integrity of Hong Kong’s banking and financial system.
  • Price setting method: the exchange rate is defined as fixed against the USD. Since 2005, the HKMA maintains the USD/HKD parity in a range 7.75/7.85. It intervenes punctually in the foreign exchange market when the spot price is too close to the fluctuation limits referred to in the previous sentence.
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Features and highlights

  • Although now an integral part of China, Hong Kong enjoys a large degree of autonomy, which is particularly reflected in financial and monetary terms.

For years, HKD was always trading close to its maximum limit at 7.75. However, since 2018, for several reasons it has moved closer to its lower boundary (higher in USD/HKD) around 7.85. In 2019, this was for a good part due to severe social unrest in Hong Kong.

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Expert opinion

  • Due to the indexation of the HKD to the USD, the evolution of the EUR/HKD is almost perfectly correlated with that of the EUR/USD.
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Regulations

There are no special restrictions on the purchase and sale of HKD.

Important Information

PAYMENTS IN HKD TO HONG KONG

The IBAN format is not mandatory in Hong Kong. Payment instructions must contain:

  • The BIC Code of the beneficiary bank
  • The full name and the account number of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

New Year’s Day 1 Jan
Ching Ming Festival 4 Apr
Easter Monday 17 Apr
Buddha’s Birthday 3 May
SAR Establishment Day 1 Jul
Mid-Autumn Festival 5 Oct
Christmas Day 25 Dec
Lunar New Year 28 - 31 Jan
Good Friday 14 - 15 Apr
Labour Day 1 May
Tuen Ng Festival 30 May
National Day 2 Oct
Chung Yeung Festival 28 Oct

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide