Alessandra
Tue Oct 08 2024
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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?
Stefano
Sun Aug 18 2024
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5 answers
933
Can I use HKD in Macau?
Excuse me, I have a quick question about currency usage in Macau. I'm planning a trip there soon and I'm wondering if I can use Hong Kong dollars (HKD) while I'm there. I understand that Macau is a special administrative region of China, but I've heard that HKD is widely accepted there. Is that still the case? Are there any places where I might encounter difficulties using HKD, or would it be better to exchange some money into Macau Patacas before I go? Thank you for your help.
PulseRider
Sun Jun 09 2024
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6 answers
1529
Is HKD accepted in China?｜HKD is the official currency in Hong Kong and is accepted anywhere (in Hong Kong) in payment for anything. Your Chinese yuan may or may not be accepted by some merchants,but CNY can easily be converted to HKD for convenient payments.
Could you please clarify for me? Is the Hong Kong Dollar, commonly referred to as HKD, widely accepted in China? I understand that HKD is the official currency of Hong Kong and it's used for payments throughout the territory. But what about mainland China? Will merchants there accept HKD? And if not, how easy is it to convert Chinese yuan, or CNY, to HKD for making purchases? Thank you for your assistance.
CryptoLegend
Sat Jun 08 2024
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7 answers
1189
Does Hong Kong still use coins?｜The official currency of Hong Kong is the Hong Kong dollar (HKD), often shown as "$" or "HK$". The dollar is divided into 100 cents, and each 10 cents is called a "houh". There are banknotes to the value of 10, 20, 50, 100, 500 and 1000 HKD and .coins worth 10, 20 and 50 cents and 1, 2, 5 and 10 HKD
Does Hong Kong still utilize coins in its daily transactions? I understand that the official currency of Hong Kong is the Hong Kong dollar, which is subdivided into cents, with specific denominations for banknotes and coins. However, given the widespread use of digital payments and electronic transactions nowadays, I'm curious if coins still play a significant role in the Hong Kong economy. Could you elaborate on the current usage and circulation of coins in Hong Kong?
