Cryptocurrency Q&A
Is HKD to USD fixed?
Is HKD to USD fixed?
FantasylitElation
Tue Oct 08 2024
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1 answers
394
Could you please clarify for me whether the exchange rate between the Hong Kong Dollar (HKD) and the United States Dollar (USD) is fixed or floating? I've heard different opinions on this matter and I'm seeking a definitive answer. Specifically, I'm interested in knowing if there's a set conversion rate that remains constant, or if it's subject to market fluctuations and can change on a daily basis. Thank you for your assistance in clearing up this confusion.
1 answers
Arianna
Wed Oct 09 2024
This rate provides a stable anchor for the Hong Kong dollar's value and helps maintain the city's status as an international financial center.
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