Category: HKD (Hong Kong Dollar)

[HKD rate-cut] The Hong Kong Monetary Authority (HKMA) announced today (19 September) that the Base Rate has been set at 5.25% with immediate effect according to a pre-set formula.

Introduced in 1863, the Hong Kong dollar (Chinese: 港元), or HKD, is the official currency of Hong Kong. The symbol of the Hong Kong dollar is $, along with HK$, which is sometimes used to distinguish Hong Kong dollars from other dollar-denominated currencies. Hong Kong dollars are also used in Macau, where the local currency Macau patacan is pegged to HKD.