Hong Kong Dollar
港元
Currency Code
HKD
ISO 344
Symbol
HKD
Native: $
Decimal Digits
2
Rounding: 0
Countries
HK
Using this currency
Currency Units
Major Unit
Name: dollar
Symbol: $
Minor Unit
Name: cent
Symbol:
Value: 0.01
Banknotes
Frequently Used
$10$20$50$100$500$1000
Coins
Frequently Used
10 cent20 cent50 cent$1$2$5$10
Plural Forms
English Plural
Hong Kong dollars
Native Plural
港元
Overview
The Hong Kong Dollar is the currency of Hong Kong, managed by the Hong Kong Monetary Authority. It has been pegged to the US dollar since 1983 and serves one of the world's major financial centers.
Economy
- Hong Kong is a member of APEC, WTO (separate customs territory), ADB.
- Main industries include: Trading and logistics, Financial services, Tourism, Manufacturing, Real estate.
- Imports are raw materials, semi-manufactures, consumer goods, capital goods, foodstuffs, fuels.
- Major exports include electrical machinery, apparatus, textiles, apparel, footwear, watches, toys, plastics, precious stones, printed material.
- GDP: $365.7 billion (2023 est.).
- GDP per capita: $49,225 (2023 est.).
- Unemployment rate: 2.9% (2023 est.).
- Inflation rate: 2.1% (2023 est.).
- Main trading partners: Mainland China, United States, Japan, Singapore, India, South Korea.
- Trade agreements: Closer Economic Partnership Arrangement with Mainland China, Various bilateral agreements.
History
- Previous currencies used: Various foreign currencies, Mexican peso, Spanish dollar.
- The Hong Kong dollar was introduced in 1863, initially backed by silver. It has been pegged to the US dollar since 1983 under a currency board system that has provided monetary stability.
- 1863: Hong Kong dollar introduced
- 1935: Currency ordinance established
- 1972: Float against sterling
- 1983: USD peg established at 7.8:1
- 1997: Handover to China, currency system maintained
- 2005: Trading band widened to 7.75-7.85:1
- Exchange rate peg: USD (1983-present) at 7.80 HKD = 1 USD (±0.05).
- Currently pegged to USD at 7.80 HKD = 1 USD (±0.05).
General Information
- ISO 4217 Code: HKD
- Symbols: HKD/$
- Currency Subunits: 100 cents
- Central Bank: Hong Kong Monetary Authority
- Monetary Policy: Currency board system maintaining USD peg. Focus on maintaining exchange rate stability and supporting Hong Kong's role as international financial center.
- Bills: 10 HKD, 20 HKD, 50 HKD, 100 HKD, 500 HKD, 1000 HKD
- Coins: 10 cents, 20 cents, 50 cents, 1 dollar, 2 dollars, 5 dollars, 10 dollars
- USD Exchange Rate: 7.80 (±0.05 trading band)
- Pegged To: USD at 7.80 HKD = 1 USD (±0.05)
- Capital: Hong Kong
- Population: 7,491,609 (2023 est.)
- Area: 1,108 km²
- Languages: Cantonese (official), English (official), Mandarin
- Time Zones: UTC+8 (Hong Kong Time)
- Government Type: Presidential limited democracy; a special administrative region of China
- Head of Government: Chief Executive
- Independence: Special Administrative Region of China (since 1997)
- Ethnic Groups: Chinese 92%, Filipino 2.5%, Indonesian 2.1%, Other 3.4%
- Religions: Eclectic mixture of local religions 90%, Christian 10%
- Literacy Rate: 96.8% (2016 est.)
- Transport: Hong Kong International Airport, extensive MTR system, modern highway network, world-class port facilities
- Communications: World-class telecommunications, 91% internet penetration, comprehensive 5G coverage
- Energy: Natural gas 48%, Coal 25%, Nuclear imports 23%, Oil 3%, Renewables 1%
- Countries Using This Currency: Hong Kong
- Data Sources: Central Bank: Hong Kong Monetary Authority (hkma.gov.hk), Economic Data: Census and Statistics Department Hong Kong, World Bank, IMF, Trade Data: Trade and Industry Department, Demographic Data: Census and Statistics Department Hong Kong, Geographic Data: Hong Kong Observatory, Historical Data: Hong Kong Monetary Authority archives
- Last Updated: 2025