HKDHong Kong DollarHong Kong Dollar (HKD)
The Hong Kong dollar is the official currency of Hong Kong. Notes are issued by authorized commercial banks under the monetary framework overseen by the Hong Kong Monetary Authority, while the government issues coins and some notes. HKD is the ISO code used in international financial records. One Hong Kong dollar is divided into 100 cents.
- ISO code
- HKD
- Symbol
- HKD
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- HKD operates under the Linked Exchange Rate System with convertibility undertakings at HKD 7.75 and 7.85 per U.S. dollar. CurrencyHub's provider value is a separate dated market reference within that framework.
- Last reviewed
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Quick facts
HKD at a glance
Currency profile
How HKD works
The Hong Kong dollar is the official currency of Hong Kong. Notes are issued by authorized commercial banks under the monetary framework overseen by the Hong Kong Monetary Authority, while the government issues coins and some notes. HKD is the ISO code used in international financial records. One Hong Kong dollar is divided into 100 cents.
HKD conversions are used for travel, trade, financial administration and purchases connected with Hong Kong. The currency operates under a linked exchange-rate system, but the published reference rate displayed here remains an information value rather than a retail transaction quote. CurrencyHub records the provider date and conversion direction so users can compare like with like. Banks, card issuers and transfer services may use different processing times and customer rates.
- HKD is divided into 100 cents and has operated under the Linked Exchange Rate System since October 17, 1983.
- The current convertibility zone is HKD 7.75 to 7.85 per U.S. dollar around the 7.80 linked rate.
Context
Why this currency matters
HKD is closely associated with a major international financial centre and active cross-border commerce. Its relationship with USD and its role in regional markets make Hong Kong-dollar pairs widely referenced. It is also often compared with CNY for travel and commercial records, although the two currencies operate under separate monetary arrangements. A clear HKD label, source and date help distinguish a neutral reference calculation from the rate used by a specific payment provider. This also prevents confusion with similarly named regional dollar currencies.
Monetary framework
Exchange arrangement
HKD operates under the Linked Exchange Rate System with convertibility undertakings at HKD 7.75 and 7.85 per U.S. dollar. CurrencyHub's provider value is a separate dated market reference within that framework.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for HKD
Silver standard ended
Hong Kong left the silver standard and linked the currency to pound sterling.
Hong Kong Monetary Authority - monetary reform milestonesFloating period began
HKD moved to a floating exchange rate after the earlier U.S.-dollar link ended.
Hong Kong Monetary Authority - monetary reform milestonesLinked Exchange Rate System introduced
Hong Kong established the currency-board system at HKD 7.80 per U.S. dollar on October 17, 1983.
Hong Kong Monetary Authority - monetary reform milestones
Usage and economy
How HKD is used
- Prices, accounts and payments in Hong Kong.
- Financial, trade and travel comparisons involving CNY, MOP, SGD and TWD.
Banknotes and coins
HKD currency units
The Hong Kong Monetary Authority documents authorized HKD banknotes and the note-issue mechanism.
The Hong Kong government issues HKD coins, which the HKMA documents as part of Hong Kong currency.
One Hong Kong Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
Currency topics
FAQ
HKD questions
Why is HKD linked to USD?
Hong Kong uses the Linked Exchange Rate System to maintain monetary and exchange-rate stability through a currency-board framework.
Who issues Hong Kong dollar banknotes?
Most HKD notes are issued by authorized commercial banks under HKMA oversight and currency-board backing arrangements.
Does HKD always equal exactly 7.80 per USD?
Market rates can move within the convertibility zone supported by HKMA undertakings at 7.75 and 7.85 HKD per USD.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.