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HKD information
About the Hong Kong Dollar (HKD)
What Is the Hong Kong Dollar (HKD)?
The Hong Kong dollar (HKD), symbolized as HK$, is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Dollar is the sole legal tender in Hong Kong, and it is widely used for all transactions within the territory. While Hong Kong is a part of China, it has a separate currency and operates under a different monetary system than mainland China, which uses the Chinese Yuan (CNY).
The Hong Kong Dollar (HKD) is issued by both the government and three major commercial banks, making it one of the few currencies in the world with such a dual issuance system. The government, through the Hong Kong Monetary Authority (HKMA), issues coins and the HK$10 banknotes, while the larger denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000 are issued by The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong).
What Is the History of HKD?
The HKD's history dates back to the early days of Hong Kong as a British colony. Initially, various foreign currencies circulated in the region. The first local currency, the Hong Kong silver dollar, was minted in 1863. However, it faced resistance from the local population, accustomed to the silver Spanish dollar system. The 20th century saw several shifts in HKD's value, pegged at different times to the British pound and the US dollar. Since 1983, HKD has been linked to the US dollar at a rate of HK$7.80 = US$1, providing stability and confidence in Hong Kong's financial system.
Notes and Coins of HKD
Banknotes in Hong Kong are distinctively issued by three major commercial banks - The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong) - alongside the government, a rarity in global banking. These notes, available in denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000, feature advanced security measures like watermarks and holograms, and occasionally, commemorative notes are released to mark significant events. The coinage, comprising denominations of 10 cents, 20 cents, 50 cents, HK$1, HK$2, HK$5, and HK$10, showcases designs that include the Bauhinia flower, a symbol of Hong Kong, and varies in composition from nickel-brass to cupronickel and brass-plated steel.
Can You Use HKD in Other Countries?
The Hong Kong Dollar (HKD) is predominantly used within Hong Kong and is not officially recognized as a currency in other countries. However, it finds notable acceptance in Macau, where, despite the Macanese Pataca being the official currency, HKD is widely accepted in various establishments due to the close economic ties and geographical proximity between the two regions. Additionally, in some border areas of Mainland China, particularly cities like Shenzhen, HKD might occasionally be accepted, primarily in businesses that cater to tourists from Hong Kong. Beyond these areas, HKD generally isn't accepted for everyday transactions, and travelers are advised to exchange it for the local currency or rely on international credit/debit cards. The HKD's status as a freely convertible currency facilitates its exchange in major cities and financial centers worldwide, reflecting Hong Kong's global financial significance.
Is HKD a Stable Currency?
The Hong Kong Dollar (HKD) is considered a stable currency, largely due to its peg to the US Dollar under a linked exchange rate system since 1983. This arrangement, supported by the Hong Kong Monetary Authority's substantial foreign exchange reserves, ensures consistent value and predictability. Coupled with Hong Kong's robust financial system and prudent fiscal policies, the HKD maintains stability despite global economic influences and its connection to Mainland China's economy, reinforcing its reliability in the global financial market.
What Is the Relationship Between HKD and CNY?
The Hong Kong Dollar (HKD) and the Chinese Yuan (CNY), also known as the Renminbi (RMB), maintain a distinctive relationship underpinned by the "one country, two systems" principle, allowing them to function as separate currencies despite Hong Kong's status as a Special Administrative Region of China. The HKD, pegged to the US Dollar, operates under a linked exchange rate system providing stability, while the CNY follows a managed floating rate system, reflecting different economic policies and market dynamics. This separation facilitates significant trade and investment flows between Hong Kong and Mainland China, necessitating frequent currency conversions. Hong Kong's role as an international financial center means that fluctuations in the HKD can influence the CNY, particularly in terms of capital flows and investment trends, and vice versa. Crucially, Hong Kong serves as the largest offshore Renminbi trading center, playing a pivotal role in the internationalization of the Renminbi, while both regions maintain a degree of policy coordination and communication, especially in broader economic strategies within China.
ELGATO to HKD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
Bitget ![]() | $0.0005776 | 0.0200% / 0.0320% ![]() |
How to buy el gato
![buy-coin-step-0-img](/price/_next/static/media/HTB_step1.fc7a3f4a.png)
![buy-coin-step-1-img](/price/_next/static/media/HTB_step2.2d71969a.png)
![buy-coin-step-2-img](/price/_next/static/media/HTB_step4.449f78aa.png)
Buy ELGATO (or USDT) for HKD (Hong Kong Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
M MILANO_77777 ![]() 1386 trades|Completion rate 100.00% | 13300 UZS | Amount1518.09 USDT Limit1000000 - 33250000 UZS | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | |
A ANVARBEKKARIMOV88 1625 trades|Completion rate 99.00% | 13275 UZS | Amount2000 USDT Limit300000 - 3997000 UZS | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | |
T Tezlik_3sec 376 trades|Completion rate 99.00% | 13271 UZS | Amount1266.91 USDT Limit500000 - 10000000 UZS | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | |
J Jasurbek 519 trades|Completion rate 100.00% | 13270 UZS | Amount525 USDT Limit1000000 - 6000000 UZS | ![]() | |
I Islombekov_P2P 47 trades|Completion rate 90.00% | 13252 UZS | Amount773.99 USDT Limit500000 - 19792500 UZS | ![]() |
Sell ELGATO (or USDT) for HKD (Hong Kong Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
M MILANO_77777 ![]() 1386 trades|Completion rate 100.00% | 13300 UZS | Amount1518.09 USDT Limit1000000 - 33250000 UZS | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | |
A ANVARBEKKARIMOV88 1625 trades|Completion rate 99.00% | 13275 UZS | Amount2000 USDT Limit300000 - 3997000 UZS | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | |
T Tezlik_3sec 376 trades|Completion rate 99.00% | 13271 UZS | Amount1266.91 USDT Limit500000 - 10000000 UZS | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | |
J Jasurbek 519 trades|Completion rate 100.00% | 13270 UZS | Amount525 USDT Limit1000000 - 6000000 UZS | ![]() | |
I Islombekov_P2P 47 trades|Completion rate 90.00% | 13252 UZS | Amount773.99 USDT Limit500000 - 19792500 UZS | ![]() |
What factors influence the conversion rate of el gato to Hong Kong Dollar?
el gato to Hong Kong Dollar is rising this week.Conversion tables
The exchange rate of el gato is decreasing.ELGATO to HKD
HKD to ELGATO
Today vs. 24 hours ago
Amount | 14:47 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 ELGATO | $0.{4}3665 | $0.{4}3693 | -0.76% |
1 ELGATO | $0.{4}7330 | $0.{4}7387 | -0.76% |
5 ELGATO | $0.0003665 | $0.0003693 | -0.76% |
10 ELGATO | $0.0007330 | $0.0007387 | -0.76% |
50 ELGATO | $0.003665 | $0.003693 | -0.76% |
100 ELGATO | $0.007330 | $0.007387 | -0.76% |
500 ELGATO | $0.03665 | $0.03693 | -0.76% |
1000 ELGATO | $0.07330 | $0.07387 | -0.76% |
Today vs. 1 month ago
Amount | 14:47 today | 1 month ago | 1M change |
---|---|---|---|
0.5 ELGATO | $0.{4}3665 | $0.{4}7392 | -50.41% |
1 ELGATO | $0.{4}7330 | $0.0001478 | -50.41% |
5 ELGATO | $0.0003665 | $0.0007392 | -50.41% |
10 ELGATO | $0.0007330 | $0.001478 | -50.41% |
50 ELGATO | $0.003665 | $0.007392 | -50.41% |
100 ELGATO | $0.007330 | $0.01478 | -50.41% |
500 ELGATO | $0.03665 | $0.07392 | -50.41% |
1000 ELGATO | $0.07330 | $0.1478 | -50.41% |
Today vs. 1 year ago
Amount | 14:47 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 ELGATO | $0.{4}3665 | $0.{5}2411 | +1420.26% |
1 ELGATO | $0.{4}7330 | $0.{5}4822 | +1420.26% |
5 ELGATO | $0.0003665 | $0.{4}2411 | +1420.26% |
10 ELGATO | $0.0007330 | $0.{4}4822 | +1420.26% |
50 ELGATO | $0.003665 | $0.0002411 | +1420.26% |
100 ELGATO | $0.007330 | $0.0004822 | +1420.26% |
500 ELGATO | $0.03665 | $0.002411 | +1420.26% |
1000 ELGATO | $0.07330 | $0.004822 | +1420.26% |
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Buy el gato for 1 HKD
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