Cryptocurrency Q&A
Why is the HKD so stable?
Why is the HKD so stable?
Raffaele
Thu Oct 24 2024
|
7 answers
1976
I've noticed that the Hong Kong Dollar (HKD) has remained quite stable over time, even during economic fluctuations. I'm curious to understand the reasons behind this stability. Why does the HKD maintain its value so well compared to other currencies?
7 answers
BitcoinWizardry
Sat Oct 26 2024
They can rely on the fixed exchange rate.
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Raffaele
Sat Oct 26 2024
The Hong Kong dollar holds a unique position in the global financial market.
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Martino
Sat Oct 26 2024
Its firm peg to the United States dollar is a well-known fact.
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EnchantedSoul
Sat Oct 26 2024
This pegging system ensures stability for traders.
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SamuraiSoul
Fri Oct 25 2024
Hong Kong's financial sector is renowned for its robustness.
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