HKD – Hong Kong Dollar

Sign – $ or HK$ / Code – HKD

Long before our corporate currency exchange brokers were helping our clients with their Hong Kong Dollar transfers, the Hong Kong Dollar was creating its own rich history.

About the Hong Kong Dollar

During Hong Kong’s early years, a variety of international currencies was in circulation, such as the Indian Rupee, Spanish Real and Chinese Yuan. However, many locals preferred the Spanish silver Dollar.

In 1935, Hong Kong abandoned silver and made a crawling peg to Sterling of £1. The One-Dollar Currency Note Ordinance in that year led to the introduction of one dollar notes that would eventually become the Hong Kong Dollar.

Currency in Hong Kong was briefly switched to Japanese Yen during the 1942-1945 occupation, before returning to the HKD.

NOTE: A bank can issue Hong Kong Dollars only if it has the equivalent exchange in US Dollars on deposit.

Denominations

Subunit: Cent – 1/100

Coins: 10¢, 20¢, 50¢, $1, $2, $5, $10

Banknotes: $10, $20, $50, $100, $500, $1000

Bank: Hong Kong Monetary Authority