Hong Kong Dollar to US Dollar Exchange Rate Today

How much is 1 Hong Kong Dollar in US Dollars?

One Hong Kong Dollar is equal to 0.13 US Dollars.

How much is 100 Hong Kong Dollars in US Dollars?

The value of 100 HKD is 12.79 USD.

How much is 1000 Hong Kong Dollars in US Dollars?

The value of 1000 HKD is 127.90 USD.

Use our Hong Kong Dollar to US Dollar calculator to calculate other currency amounts.

Is Hong Kong Dollar pegged to U.S. Dollar?

Yes, the Hong Kong Dollar (HKD) is pegged to the U.S. Dollar (USD). The Hong Kong Monetary Authority (HKMA) has maintained a currency peg system since 1983, where the Hong Kong Dollar is pegged to the U.S. Dollar at a fixed exchange rate.

Under the currency peg system, the HKD is allowed to trade within a narrow range against the USD. The peg is set at a rate of 7.8 HKD to 1 USD. This means that the HKMA intervenes in the foreign exchange market to ensure that the exchange rate stays within this band. If the HKD approaches the upper or lower limit of the band, the HKMA conducts transactions to maintain the peg.

The peg to the U.S. Dollar provides stability to the Hong Kong Dollar and has been a fundamental aspect of Hong Kong's monetary policy for decades. It helps support economic and financial stability in the region and fosters confidence in the Hong Kong Dollar. Keep in mind that the information provided here is based on my last update in January 2022, and for the most current information, you may want to check recent financial news or official statements from the Hong Kong Monetary Authority.