Cryptocurrency Q&A
Is HKD pegged to USD?
Is HKD pegged to USD?
SsamziegangSerenadeMelodyHarmonySoul
Thu Oct 31 2024
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7 answers
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I'm wondering if the Hong Kong Dollar (HKD) is pegged to the United States Dollar (USD). I want to understand the relationship between these two currencies and if there's a fixed exchange rate.
7 answers
Elena
Sat Nov 02 2024
It guarantees that the entire monetary base of Hong Kong is supported by US dollars.
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Bianca
Sat Nov 02 2024
This support is provided at the linked exchange rate, which ensures stability.
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Rosalia
Sat Nov 02 2024
The resources used for this backing are carefully maintained.
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ZenMind
Sat Nov 02 2024
The currency board system plays a crucial role in Hong Kong's monetary system.
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Martina
Sat Nov 02 2024
They are kept in Hong Kong's exchange fund, which is a significant financial reserve.
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