Cryptocurrency Q&A
Is Hong Kong currency pegged?
Is Hong Kong currency pegged?
benjamin_stokes_astronomer
Mon Nov 18 2024
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7 answers
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I'm wondering if the currency of Hong Kong is pegged to another currency or if it floats freely in the market. I'd like to understand the exchange rate system of Hong Kong.
7 answers
CryptoElite
Wed Nov 20 2024
The Hong Kong dollar serves not only Hong Kong but also Macau.
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Margherita
Wed Nov 20 2024
In Macau, the Hong Kong dollar is pegged to the Macanese pataca.
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Nicolo
Wed Nov 20 2024
Despite the peg, the Hong Kong dollar is widely accepted in Macau.
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Alessandro
Wed Nov 20 2024
Hong Kong employs a linked exchange rate system.
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GangnamGlitzGlamour
Wed Nov 20 2024
It maintains the exchange rate within the range of US$1:HK$7.75–7.81.
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