USDHKD Live Chart, Exchange Rate & Analysis | Trade USDHKD

Interesting facts about the USDHKD (US Dollar to Hong Kong Dollar)

The exotic USD to HKD pair does not often attract the attention of traders. This instrument stays in a narrow price range and has extremely low volatility.

The appearance of the US dollar was not sudden and instantly prosperous. In 1830, the US dollar was an all-gold coin. The first paper ten-dollar bill was issued in 1861 to finance the Civil War. In 1900, the law on the gold standard secured 1.5 g of gold for each American dollar coin. The USD's reinforcement with gold decreased every year and eventually reduced to zero. However, economic potential allows the US dollar to maintain the status of the reserve currency of most countries in the world. When forecasting the direction vector of the US dollar, you should pay attention to interest rate changes and reports from the Fed (Federal Reserve System).

Hong Kong is an autonomous state unit of the People's Republic of China, with enormous rights on domestic monetary and economic policy. Since 1997, three financial institutions have reserved the right to issue the Hong Kong dollar: the Bank of China, The Hong Kong and Shanghai Banking and Corporation Limited, and Standard Chartered Bank. All change coins and ten-dollar bills are issued by the autonomous government. Banknotes differ in design, but all of them can equally be used on the territory of Hong Kong.

When analyzing the factors that have a direct impact on HKD quotes, a whole set of macroeconomic elements should be mentioned: GDP growth, trade balance, the unemployment rate as well as world prices for precious metals, gas, and oil.

The best time to catch the smoothed USD/HKD rate is from 03:00 to 11:00, the Asian trading session, and from 15:00 to 00:00 (GMT+3, indicated in LiteFinance trading platform), the American trading session.