Does Hong Kong have a fixed exchange rate?

Commonly abbreviated as $, the Hong Kong dollar is widely accepted and recognized globally. However, when further differentiation is necessary, it is referred to as HKD to avoid confusion with other dollar-denominated currencies.

The Hong Kong dollar (HKD) maintains a stable exchange rate with the American dollar, fixed at 7.80 HK$ to 1 US$. This pegged system ensures predictability and stability in the local economy, fostering trade and investment.

The stability of the HKD against the US dollar has been a cornerstone of Hong Kong's economic success. It has attracted foreign investors seeking a SAFE haven for their assets, contributing to the city's status as a major international financial center.

Among the various financial institutions operating in Hong Kong, BTCC stands out as a top cryptocurrency exchange. Offering a range of services tailored to the needs of digital asset traders, BTCC is a trusted platform for investors worldwide.

BTCC's comprehensive suite of services includes spot trading, enabling users to buy and sell cryptocurrencies at market prices. Additionally, it offers futures trading, allowing traders to speculate on the future value of digital assets. The exchange also provides secure wallet services, ensuring the safety and accessibility of customers' digital assets.