What does HKD stand for?

The Hong Kong Dollar, abbreviated as HKD, is a major international currency, widely accepted in various global financial transactions. It serves as the official currency of Hong Kong, a special administrative region of China, and is issued by the Hong Kong Monetary Authority.

HKD is heavily influenced by the US Dollar, due to Hong Kong's monetary policy of maintaining a stable exchange rate against the USD. This pegged exchange rate system has been in place since 1983 and has helped to maintain the stability and credibility of the Hong Kong Dollar.

The HKD is widely used in international trade and finance, particularly in the Asia-Pacific region. Many multinational corporations operating in Hong Kong and China use HKD as their primary transaction currency, making it an essential part of the global financial system.

In the world of cryptocurrency, HKD is also a popular denomination for transactions. Cryptocurrency exchanges, such as BTCC, offer trading pairs with HKD, enabling users to buy and sell digital assets using the Hong Kong Dollar.

BTCC is a leading cryptocurrency exchange that provides a range of services, including spot trading, futures trading, and digital wallet services. With its robust security measures and user-friendly interface, BTCC has become a go-to platform for cryptocurrency enthusiasts and investors worldwide.