Hong Kong Dollar

Hong Kong Dollar

The Hong Kong dollar (Chinese: 港幣; Cantonese Yale: Góng bàih; sign: HK$; code: HKD) is the official currency of Hong Kong. It is subdivided into 100 cents. The Hong Kong Monetary Authority is the governmental currency board and also the de facto central bank for Hong Kong and the Hong Kong dollar. Under the licence from the Hong Kong Monetary Authority, three commercial banks are licensed to issue their own banknotes for general circulation in Hong Kong. The three commercial banks, HSBC, Bank of China and Standard Chartered issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$500 and HK$1000, with all designs being similar to the other in the same denomination of banknote. However, the HK$10 banknote and all coins are issued by the Government of Hong Kong. As of April 2016, the Hong Kong dollar is the thirteenth most traded currency in the world. Apart from its use in Hong Kong, the Hong Kong dollar is also used in neighbouring Macau, where the Hong Kong dollar circulates alongside the Macau pataca.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

7 Hong Kong Dollar to US Dollar exchange rates chart

7 HKD to USD exchange rates graph
7 HKD to USD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

7 HKD to USD exchange rates table

Exchange HKD to USD
7 Hong Kong Dollar = 0.894 US Dollar
14 Hong Kong Dollar = 1.787 US Dollar
35 Hong Kong Dollar = 4.468 US Dollar
70 Hong Kong Dollar = 8.937 US Dollar
Exchange Hong Kong Dollar to US Dollar
7 Hong Kong Dollar to US Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best HKD/USD rate at A&S Foreign Exchange Inc in New York City

7 HKD to USD exchange rates at A&S Foreign Exchange Inc in New York City
7 Hong Kong Dollar = 58.450 US Dollar
A&S Foreign Exchange Inc
A&S Foreign Exchange Inc

We have been in the business of Foreign Currency Exchange for more than 25 years. Our solid commitment of keeping the best rate around has helped us create the best asset any business aspires to have: our customer's loyalty. Stop by, try any of our services, and rest assure, you'll leave with the satisfaction of having made good business in the capital of the world. Currency Exchange Buying of travelers' checks Our Services We are lucky to service people like you Currency Exchange A&S Foreign...

Best HKD/USD rate at Bank of China (Hong Kong) in Hong Kong

7 HKD to USD exchange rates at Bank of China (Hong Kong) in Hong Kong
7 Hong Kong Dollar = 0.888 US Dollar
Bank of China (Hong Kong)
Bank of China (Hong Kong)

Bank of China (Hong Kong) Limited (Chinese: 中國銀行(香港)有限公司) also known as its short name Bank of China (Hong Kong) or BOCHK (Chinese: 中銀香港), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data),[1] with around 197 branches across Hong Kong as of the end of 2016. [2] It is also one of the three...

Best HKD/USD rate at Ngau Kee Money Changer Co Ltd in Hong Kong

7 HKD to USD exchange rates at Ngau Kee Money Changer Co Ltd in Hong Kong
7 Hong Kong Dollar = 0.893 US Dollar
Ngau Kee Money Changer Co Ltd
Ngau Kee Money Changer Co Ltd

NGAU KEE MONEY CHANGER CO., LTD. Ngau Kee Money Changer Company Ltd (NKCL) is your first choice in foreign currency exchange. Since 1930, we have been serving customers in Hong Kong and most of the South East Asian countries. Our knowledgeable account executive must be able to solve your problems efficiently. Acting as the banknote supplier to many Banks and Corporations in Hong Kong, our exchange rates is always competitive. We maintain an inventory of more than 40 countries banknotes and...

Best HKD/USD rate at LA Currency in Los Angeles

7 HKD to USD exchange rates at LA Currency in Los Angeles
7 Hong Kong Dollar = 0.840 US Dollar
LA Currency
LA Currency

Frequently Asked Questions No, we do not have any fees and our adjusted, real-time exchange rates can be found on our website. You can always find out how much you will get for your currency or how much you will need to buy currency. Make sure to refresh the browser to get updated rates. Yes, we have free parking at both our locations that are in a shopping plaza with a convenient parking lot and a security personnel. Cash to cash is our preferred payment method. However, only debit cards...

7 HKD to USD exchange rates news

Trump's tariff battle with China is spurring record dollar-yuan trading

Market uncertainty due to the ongoing trade dispute between the U.S. and China has spurred a jump in trading volumes for the dollar-yuan currency pair in recent months.

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US Dollar Losses Hit Pause after October CPI; Focus Remains on Brexit

The DXY Index is off the lows, and rates markets are continuing to price in December for another rate hike from the Fed.

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Pound-to-US-Dollar Exchange Rate: GBP/USD Starts The Week On Soft Footing As Brexit Anxiety Mounts

Brexit speculation failed to prevent the GBP/USD exchange rate sinking at the start of the week

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Pound US dollar exchange rate: GBP retreats as Brexit text faces Cabinet scrutiny

THE pound US dollar exchange rate has fallen as much as 0.5 per cent this morning, slumping from a high of $1.302 to the current rate of $1.295 as Brexit jitters weigh on sentiment.

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7 HKD to USD currency converter