Questions tagged [pegged to the us dollar]

Best way to learning about blockchain & crypto knowledge for free here 1 questions

Start on BTCC →
KatieAnderson KatieAnderson Sat Jun 08 2024 | 5 answers 1201

What is the largest currency in Hong Kong?|The is divided into 100 cents and issued in seven denominations: 10c, 20c, 50c, HK$1, HK$2, HK$5 and HK$10. The Hong Kong dollar, the ninth most traded currency globally, is not a floating currency. It is pegged to the US dollar with a narrow trading band.Hong Kong dollar

Could you please elaborate on the Hong Kong dollar? I'm curious to know more about its denominations and its status as the ninth most traded currency globally. Also, could you explain what it means for the Hong Kong dollar to be pegged to the US dollar with a narrow trading band? How does this affect its value and stability?

What is the largest currency in Hong Kong?|The is divided into 100 cents and issued in seven denominations: 10c, 20c, 50c, HK$1, HK$2, HK$5 and HK$10. The Hong Kong dollar, the ninth most traded currency globally, is not a floating currency. It is pegged to the US dollar with a narrow trading band.Hong Kong dollar

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users