Exchange rate HKD - Hong Kong dollar
The Hong Kong dollar is the official currency of Hong Kong. One Hong Kong dollar is divided into one hundred cents.
|HKD EUR||0.1124||0.1228||Hong Kong dollar||1 HKD|
Hong Kong dollar exchange rate - chart
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Hong Kong dollar
The Hong Kong dollar (HKD) is the official currency of Hong Kong, an administrative region of the People's Republic of China. In addition to the international symbol, it is also sometimes written with the abbreviation HK$.
The Hong Kong dollar - where is it used?
The Hong Kong dollar is the official tender within Hong Kong. Unofficially, it is also used in Macau, where the formal currency is the pataca. If you're travelling to one of China's administrative regions, check out the HKD exchange rate, or more precisely, e.g., the HKD/EUR pair.
The history of the Hong Kong dollar
In the 19th century, when Hong Kong was a free trading port, people used currencies from all over the world. Indian rupees, Mexican reals or Chinese coins were in circulation. The first attempts to unify the system were made in 1863 - local coins were minted in the dollar system. At that time, most of the world's currencies were pegged to silver. That began to change at the end of that century. Hong Kong and China were the regions that were the last to abandon pegging their currency to silver. In 1935, the HKD exchange rate was firmly pegged to the pound sterling. Under the Japanese occupation during World War II, HKD was initially exchanged for yen at a fixed rate, and later yen became the official currency of Hong Kong. The Hong Kong dollar was restored after the occupation ended. Following the British pound's devaluation, the HKD exchange rate was pegged to the US dollar in 1972. It was abandoned two years later. For the next 9 years, the Hong Kong dollar exchange rate was not tied to any currency. However, in 1983, the exchange rate was returned to a fixed rate with the USD.
The Hong Kong dollar - key information
The Hong Kong dollar divides into 100 cents. Three Hong Kong banks - HSBC, Bank of China and Standard Chartered - are licensed to issue their own HKD bills. Each bank can create its own design for the banknotes, although it must keep to a fixed colour scheme. The exception to this is the 10-dollar bill. This, like all coins, is issued by the Hong Kong government. There are 10, 20 and 50 cent coins in circulation, as well as 1, 2, 5 and 10 Hong Kong dollars. They differ mainly in shape - some are round, others are wavy. The banknotes are available in denominations of 20 (blue), 50 (green), 100 (red), 500 (brown) and 1000 (yellow) HKD. They are generally dominated by local motifs. A characteristic lion can be seen on many of the banknotes.
Check HKD exchange rate
HKD is one of the most frequently exchanged currencies in the world. In April 2019, it ranked 9th in this respect. Interest in the Hong Kong dollar is fostered by Hong Kong's well-developed economy, which has been mainly based on foreign trade for years. The Hong Kong dollar is also supported by its connection to the US dollar. However, it should be mentioned that this pair also fluctuates a bit, which may cause anxiety on the market. The HKD/EUR pair is also very popular. It is mainly of interest to tourists going to Hong Kong for vacations or people making business contacts. Since Hong Kong prices are very different from those in European countries, it is worth keeping track of the HKD/EUR exchange rate. To quickly calculate the exchange rate, you can use the currency converter available on our website.