Cryptocurrency Q&A
How does the Hong Kong currency exchange rate work?
How does the Hong Kong currency exchange rate work?
CryptoMagician
Wed Jan 22 2025
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7
answers
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I'm curious about how the currency exchange rate in Hong Kong operates. Could someone explain the mechanism behind it?
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7 answers
CryptoGladiatorGuard
Fri Jan 24 2025
The Hong Kong Monetary Authority maintains a unique linked exchange rate system.
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FireFlyer
Fri Jan 24 2025
Within this system, the exchange rate is fixed at HK$7.80 to US$1.
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Chiara
Fri Jan 24 2025
The Hong Kong Monetary Authority strictly controls this exchange rate.
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GangnamGlamourQueen
Fri Jan 24 2025
They achieve this by managing the supply and demand of Hong Kong dollars in the foreign exchange market.
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Valentina
Thu Jan 23 2025
Their goal is to ensure that the exchange rate remains fixed and stable.
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