Hong kong currency

Header images courtesy of theHong Kong Monetary Authority Under “one country, two systems,”Hong Kong can retain its capitalist economy and mint its very own currency, the Hong Kong dollar. We use the Hong Kong dollar in countless transactions every day, but have you ever wondered why the former British colony pegs its currency to the US dollar, rather than, say, the British pound sterling? It’s the small but obvious things that make us reconsider how much we really know about the cash we have at hand. As electronic payment grows common across the city, and more and more shops refuse to accept 10- and 20-cent coins, join us in a look back at the evolution of the nascentHong Kong dollar and its notes and coinage. In the beginning, it was all a mixed bag of coins When Hong Kong was first ceded to the British in 1841, the sleepy fishing village rapidly grew into a bustling trade port that attracted merchants from all over the world. Without a local currency, a mix of foreign currencies was used instead, among them the Indian rupee, the Spanish dollar, the British pound sterling, and Chinese cash coins. It wasn’t until 1845 that the first bank opened in Hong Kong. The Oriental Bank began issuing the city’s first banknote, a five-dollar bill so large it had to be folded multiple times before it could fit in people’s wallets, leading to its affectionate nickname of “Big Blanket.” Banks such as the Bank of China, Standard Chartered, and The Hongkong and Shanghai Banking Corporatio...

06/15/23 7.8320 7.8343 7.8194 7.8216 06/14/23 7.8335 7.8354 7.8300 7.8313 06/13/23 7.8351 7.8366 7.8312 7.8336 06/12/23 7.8392 7.8411 7.8323 7.8358 06/09/23 7.8368 7.8406 7.8334 7.8391 06/08/23 7.8426 7.8430 7.8330 7.8369 06/07/23 7.8425 7.8446 7.8376 7.8431 06/06/23 7.8392 7.8441 7.8373 7.8434 06/05/23 7.8387 7.8399 7.8364 7.8392 06/02/23 7.8293 7.8414 7.8285 7.8377 06/01/23 7.8301 7.8339 7.8284 7.8296 05/31/23 7.8346 7.8383 7.8247 7.8300 05/30/23 7.8281 7.8372 7.8232 7.8355 05/29/23 7.8320 7.8355 7.8262 7.8284 05/26/23 7.8350 7.8358 7.8320 7.8338 05/25/23 7.8296 7.8354 7.8275 7.8334 05/24/23 7.8369 7.8387 7.8275 7.8293 05/23/23 7.8284 7.8381 7.8251 7.8373 05/22/23 7.8171 7.8305 7.8129 7.8282 05/19/23 7.8262 7.8281 7.8067 7.8171 05/18/23 7.8299 7.8327 7.8244 7.8263 05/17/23 7.8381 7.8395 7.8282 7.8300 05/16/23 7.8392 7.8400 7.8331 7.8383 05/15/23 7.8480 7.8480 7.8379 7.8388 05/12/23 7.8361 7.8434 7.8358 7.8416 05/11/23 7.8315 7.8399 7.8255 7.8361 05/10/23 7.8415 7.8442 7.8284 7.8316 05/09/23 7.8495 7.8499 7.8408 7.8416 05/08/23 7.8499 7.8499 7.8464 7.8492 05/05/23 7.8475 7.8496 7.8468 7.8480 05/04/23 7.8498 7.8499 7.8469 7.8473 05/03/23 7.8496 7.8499 7.8487 7.8499 05/02/23 7.8495 7.8506 7.8487 7.8498 05/01/23 7.8499 7.8514 7.8482 7.8498 04/28/23 7.8498 7.8499 7.8488 7.8498 04/27/23 7.8496 7.8499 7.8488 7.8498 04/26/23 7.8492 7.8499 7.8492 7.8498 04/25/23 7.8494 7.8499 7.8477 7.8498 04/24/23 7.8472 7.8499 7.8465 7.8492 04/21/23 7.8492 7.8499 7.8444 7.8468 04/20/23 7.8495 7...

Notes & coins in Hong Kong The official currency of Hong Kong is the Hong Kong dollar (HKD), often shown as " $" or " HK$". The dollar is divided into 100 cents, and each 10 cents is called a "houh". There are banknotes to the value of 10, 20, 50, 100, 500 and 1000 HKD and coins worth 10, 20 and 50 cents and 1, 2, 5 and 10 HKD. Cash or card? The use of credit cards in Hong Kong is widespread - you can pay by card at most check your overseas charges with your bank before travelling, and to inform them that you'll be going abroad, to avoid any nasty surprises! Where to exchange money in Hong Kong? Hong Kong has no currency control so you can buy HKD before you travel or on arrival. There are exchange desks found in the airport, hotels and other tourist areas, but their rates tend to be among the worst in the city. The best rates are usually found withdrawing the local currency from an ATM on arrival at your destination. These will charge a commission - usually around 4% - but tend to have a better rate. As always though, check your bank charges before travelling. Exchange rates 10 HKD ( £ 1)