Daniele
Tue Nov 19 2024
|
5 answers
900
Is pegged the same as fixed exchange rate?
I'm trying to understand the financial term 'pegged' and if it means the same thing as a 'fixed exchange rate'. Could someone clarify this for me?
CryptoAlly
Fri Oct 11 2024
|
5 answers
1073
Does Hong Kong have a fixed exchange rate?
I don't understand this question. Could you please assist me in answering it?
BitcoinBaroness
Tue Oct 08 2024
|
7 answers
1773
What is the difference between a fixed and free exchange rate?
Can you explain the key distinctions between a fixed and free exchange rate system? How do they differ in terms of their functioning, the role of central banks, and the level of market influence? Which one offers more stability, and which one allows for greater flexibility in response to economic changes? Additionally, what are the potential advantages and disadvantages of each system?
Alessandra
Tue Oct 08 2024
|
6 answers
1408
Is HKD fixed to USD?
I understand that you may have some confusion regarding the Hong Kong Dollar (HKD) and its relationship with the US Dollar (USD). So, let me clarify this for you. Are you asking if the Hong Kong Dollar is pegged to the US Dollar? If so, the answer is yes. The Hong Kong Monetary Authority maintains a policy of linking the value of the Hong Kong Dollar to the US Dollar at a rate of approximately 7.80 HKD to 1 USD. This system, known as the Linked Exchange Rate System, has been in place since 1983 and has helped to maintain stability in the Hong Kong economy. However, it's important to note that while the HKD is pegged to the USD, it is not a fixed exchange rate system, and the HKD can still fluctuate within a narrow range around the pegged rate. Does this help answer your question?
KDramaLegendaryStarlightFestival
Sun Oct 06 2024
|
7 answers
1871
Is USD to HKD fixed?
Hello there, I'm curious about the exchange rate between the US Dollar (USD) and the Hong Kong Dollar (HKD). Could you please clarify if the exchange rate between the two currencies is fixed or does it fluctuate over time? If it does fluctuate, what factors typically influence its movement? Understanding this would greatly help me in my financial planning and decision-making processes. Thank you in advance for your insights!
