why hkd peg to usd


Hong Kong dollar - Wikipedia, the free encyclopedia

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** Hong Kong dollar **

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"HKD" redirects here. For the airport whose IATA airport code is HKD, see
Hakodate Airport.

Hong Kong dollar
港元 or 港幣 (Chinese)
Hk money.jpg Hk money coins.jpgBanknotes Coins

ISO 4217 code HKD (num. 344)
Monetary authority Hong Kong Monetary Authority
 Website www.hkma.gov.hk
Official user(s) / Hong Kong/
Unofficial user(s) / Macau/
Inflation 4.3% (Hong Kong only)
 Source /[1]/, Jan 2014 est.
Pegged with United States dollar = HK$7.75–7.85
Pegged by HK$ = 1.03 Macanese patacas
Subunit
 1/10 毫 (/hou/) (Chinese)
(no official English term for 10 cents)
 1/100 仙 (/sin/) (Chinese)
cent (English)
(no longer in circulation)
Symbol $ or HK$
Plural (no plural) (Chinese)
dollars (English)
 毫 (/hou/) (Chinese) (no plural) (Chinese)
 仙 (/sin/) (Chinese)
cent (English) (no plural) (Chinese)
cents (English)
Coins 10¢, 20¢, 50¢, $1, $2, $5, $10
Banknotes $10, $20, $50, $100, $150 (Limited), $500, $1,000
Printer *Issuing banks*:
HSBC
Standard Chartered
Bank of China
*Printer:*


Hong Kong Note Printing

Hong Kong dollar
Traditional Chinese 港元
Simplified Chinese 港元
Transcriptions
Standard Mandarin
Hanyu Pinyin Gǎngyuán
Wade–Giles Kangyüan
Yue: Cantonese
Jyutping Gong^2jyun^4
Yale Romanization Gong^2yun^4

*This article contains Chinese text.* Without proper rendering support,
you may see question marks, boxes, or other symbols instead of Chinese
characters.

The *Hong Kong dollar* (sign: *$*; code: *HKD*; also abbreviated *HK$*) is
the currency of Hong Kong. It is the thirteenth most traded currency in the
world.^[1] The Hong Kong dollar is subdivided into 100 cents. The currency
is used in both Hong Kong and Macau, as the two regions are proximate and
their currencies have similar exchange rates.

*Contents*

· 1 Terminology

· 1.1 Slang terms

·


Source: en.wikipedia.org/wiki/Hong_Kong_dollar

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