Cryptocurrency Q&A How strong is Hong Kong dollar?

How strong is Hong Kong dollar?

SumoMighty SumoMighty Thu Nov 21 2024 | 7 answers 1844
I'm curious about the strength of the Hong Kong dollar. I want to know how stable it is compared to other currencies and if it has maintained its value over time. How strong is Hong Kong dollar?

7 answers

Caterina Caterina Sat Nov 23 2024
The Hong Kong dollar is pegged to the U.S. Dollar (USD) with a fixed exchange rate.

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Chiara Chiara Sat Nov 23 2024
The exchange rate for the Hong Kong dollar to the U.S. Dollar is set at US$1.00 USD = HK$7.80±0.01.

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DavidJohnson DavidJohnson Sat Nov 23 2024
This pegged exchange rate ensures stability in the value of the Hong Kong dollar.

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Silvia Silvia Sat Nov 23 2024
The Hong Kong dollar (Chinese) is a currency with an ISO 4217 code.

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CryptoTamer CryptoTamer Sat Nov 23 2024
As of March 2022, the inflation rate of the Hong Kong dollar was estimated to be 1.7%.

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