Hong Kong dollars are priced in US dollars.

Under Hong Kong's linked exchange rate system, the Hong Kong dollar is pegged to the US dollar to determine the price. Since 2005, the Hong Kong Monetary Authority has set the linked exchange rate range between 7.75 and 7.85. When the appreciation of the Hong Kong dollar falls below 7.75, the Hong Kong authorities will sell Hong Kong dollars and buy US dollars. When the depreciation of the Hong Kong dollar falls below 7.85, the Hong Kong authorities will buy Hong Kong dollars and sell US dollars.

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Hong Kong dollar or Hong Kong dollar is the legal tender of Hong Kong. According to the Basic Law of Hong Kong and the Sino-British Joint Declaration, Hong Kong's autonomy includes the right to issue its own currency. Its official ISO42 17 abbreviation is HKD (Hong Kong dollars); The sign is Hong Kong dollars.

The Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited and the Bank of China (Hong Kong) Limited announced on July 20th that they would launch a new series of 20 10 banknotes. Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollars to the US dollar. The US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.

When issuing any amount of Hong Kong dollars, note-issuing banks must pay US dollars to HKMA at the exchange rate of HK$ 7.80 to US$ 65,438 +0, and record them in the account of the Exchange Fund before printing money. In this way, the US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.

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Baidu Encyclopedia-HKD