Hong Kong Dollar
Hong Kong’s currency is the dollar (HKD), which has traded in a narrow band of 7.75 – 7.85 to the U.S. dollar since 2005.
Hong Kong is officially known as the Hong Kong Special Administrative Region of the People’s Republic of China. The United Kingdom handed Hong Kong over to China in 1997 after 156 years of British rule.
About Hong Kong
GDP1
$360
Billion
USD
Major Exports2
Gold
Circuits
Gas Turbines
Major Export Partners2
China
India
UK
Budget Deficit3
-5.0%
Trade Flows4
-428
Billion
HKD
Pros and Cons of the Hong Kong Dollar
- Pegged to the U.S. dollar for stability5
- Backed by a major global financial hub6
- Transparent, rules-based monetary framework5
- Limited monetary-policy autonomy7
- Sensitive to geopolitical developments8
- Heavy reliance on the USD peg5
1.https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.hkma.gov.hk/eng/key-functions/money/linked-exchange-rate-system/
6. https://www.hkma.gov.hk/eng/key-functions/international-financial-centre/hong-kong-as-an-international-financial-centre/
7. https://www.imf.org/en/Countries/HKG
8.https://www.hkma.gov.hk/eng/news-and-media/insight/2025/01/20250109/
How to Buy the Hong Kong Dollar
Currency CD
Term
APY
3 Month
0.75%
6 Month
0.75%
9 Month
0.75%
12 Month
0.75%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
Available Currencies
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