Hong Kong dollar exchange rate

The official currency of the Hong Kong Special Administrative Region and unlike many other currencies, Hong Kong dollar banknotes are issued by three different commercial banks:

1. Hongkong and Shanghai Banking Corporation (HSBC)
2. Standard Chartered Bank
3. Bank of China
Hong Kongs currency is pegged to the US dollar in the ratio 1 USD ≈ 7.75 - 7.85 HKD. Hong Kong uses an exchange rate system that is controlled by the Hong Kong Monetary Board. Banknotes issued by different banks have different designs, which is a unique aspect of the Hong Kong dollar. The city of Hong Kong is one of the largest financial centers in the world and the Hong Kong dollar is considered an important trading currency.