Cryptocurrency Q&A
Why is HKD pegged to USD?
Why is HKD pegged to USD?
InfinityRider
Wed Oct 09 2024
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7
answers
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Could you please elaborate on why the Hong Kong Dollar (HKD) is pegged to the United States Dollar (USD)? What are the key factors that led to this decision, and how does it benefit the Hong Kong economy? Additionally, what are the potential risks or drawbacks associated with maintaining this pegged exchange rate system? How does the Hong Kong Monetary Authority manage the exchange rate to ensure stability?
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