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
$407
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?continent=asia
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/
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
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%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
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