Hong Kong Dollar (HKD) Exchange Rates Today
Live rates, 30-day trends, and real talk about what banks charge you for Hong Kong Dollar.
Mid-market rate - no bank markup 200+ currencies Free
What is the Hong Kong Dollar?
Pegged to the US Dollar within a narrow band of 7.75-7.85 since 1983. This linked exchange rate system means HKD moves very little against USD.
Symbol: HK$ ISO code: HKD Central bank: Hong Kong Monetary Authority (HKMA)
BIS ranking: 9th most traded (the 9th most bought and sold currency worldwide) Used in: Hong Kong SAR
This page is a hub for all HKD exchange rates on our site. Use the converter above to check the current mid-market rate for Hong Kong Dollar against any supported currency, or scroll down to browse individual pair pages with 30-day charts, historical data, and conversion tables.
How the Hong Kong Dollar exchange rate works
Hard peg to the US Dollar
The Hong Kong Dollar has been pegged to the US Dollar since 1983 under the Linked Exchange Rate System maintained by the Hong Kong Monetary Authority. The permitted band is HK$7.75 to HK$7.85 per USD.
What this means for you: If you are converting to or from HKD, timing barely matters against USD - the rate moves by fractions of a percent. Against other currencies, HKD effectively tracks USD, so a EUR/HKD chart looks almost identical to EUR/USD.
How Hong Kong Dollar is commonly exchanged
The Hong Kong Dollar is pegged to the US Dollar within a narrow band of 7.75-7.85, maintained since 1983. This means USD/HKD barely moves. For other currencies, converting to HKD is effectively the same as converting to USD. The peg is backed by Hong Kong's substantial foreign reserves.
Most HKD conversions pass through one of the major pairs listed below. For less common combinations, rates are computed as cross-rates through USD or EUR, which may carry a slightly wider spread.
Practical notes for Hong Kong Dollar
Travel and card conversions
If you are spending in Hong Kong Dollar, a card with no foreign transaction fee is typically the best option. Always choose to be charged in HKD (the local currency) at point of sale - selecting your home currency triggers Dynamic Currency Conversion, which adds an unnecessary 3-6% markup to your transaction.
Pegged currency
HKD is pegged to USD, so the exchange rate stays within a very narrow band. This means there is little timing advantage to waiting for a "better" rate - the rate you see today will be very close to the rate next week. Your main variable is the provider's markup, not the market rate.
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Dollar
The Hong Kong Monetary Authority (HKMA) maintains the Linked Exchange Rate System, pegging HKD to USD at 7.75-7.85.
Policy tool: The HKMA does not set independent interest rates. Hong Kong rates follow US rates due to the peg. The HKMA intervenes directly when HKD approaches the band edges.
Key data releases: HKMA intervention announcements and aggregate balance data (indicating system liquidity).
Did you know?
- The Hong Kong Dollar is one of the most traded currencies in the world despite Hong Kong's small geographic size - a testament to the city's role as a global financial hub.
Frequently asked questions
What is the HKD exchange rate today?
The live mid-market rate is shown in the converter above. It updates every 60 seconds during market hours (Sunday 5pm ET through Friday 5pm ET). Scroll down to see HKD rates against all supported currencies.
What is the mid-market rate for Hong Kong Dollar?
The mid-market rate is the midpoint between wholesale buy and sell prices - the fairest benchmark before any provider adds markup. It is the rate shown on this page. Your bank or service will offer a different rate that includes their margin.
How is HKD performing this month?
Use the converter above and click through to any pair page to see the 30-day range bar, which shows where today's rate sits relative to the recent trend. The rate statistics panel shows 30-day low, high, average, and volatility.
Where can I find historical HKD rates?
Click on any pair page below and scroll to the history chart. You can view 7-day, 30-day, or 1-year history with daily rates. Use the date picker to look up a specific historical date.
What affects the value of Hong Kong Dollar?
Central bank interest rate decisions from the Hong Kong Monetary Authority (HKMA) are typically the largest driver. Inflation data, economic growth figures, trade balances, and political stability also matter. On a day-to-day basis, scheduled economic data releases and central bank communication can cause noticeable moves.
Why do different sites show different HKD rates?
Different providers use different data sources, update at different times, and may show rates that already include their markup. The mid-market rate (shown here) is the most neutral benchmark. If a site shows a rate that is noticeably worse, that difference is likely their margin built into the number.
How is the HKD exchange rate set?
Most exchange rates are determined by supply and demand in the global forex market, where banks, funds, and corporations trade currencies 24 hours a day on weekdays. Interest rate differentials between central banks are the biggest long-term driver. No single entity "sets" the rate - it emerges from millions of transactions.
Why is USD/HKD always the same?
The Hong Kong Dollar is pegged to the US Dollar within a narrow band of 7.75-7.85, maintained by the HKMA since 1983. The rate rarely moves more than a fraction of a percent. For conversions from other currencies to HKD, the rate effectively mirrors the USD rate.
Learn more
- HKMA - Linked Exchange Rate System - How Hong Kong's currency peg to the US dollar works
- Census and Statistics Department Hong Kong - HK economic data including trade and CPI
HKD rate statistics
Hong Kong Dollar rate context
We compare the current Hong Kong Dollar exchange rate against its recent trading range to help you decide whether now is a good time to convert. The live analysis updates throughout market hours.
Rate analysis updates when live data is available.
Forex Market Hours
The forex market is open 24 hours a day, five days a week. Trading passes between these major financial centers as the world turns.
| Market | Timezone | Local Time | Status |
|---|---|---|---|
| 🇦🇺 Sydney | AEST | — | — |
| 🇯🇵 Tokyo | JST | — | — |
| 🇬🇧 London | GMT/BST | — | — |
| 🇺🇸 New York | ET | — | — |
All HKD Currency Pairs
Live exchange rate pages for Hong Kong Dollar against every supported currency.