Forex Rates
Live reference exchange rates for major currencies against HKD — updated regularly
| Currency | 1 HKD = | 1 Unit = HKD |
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Rates are for reference only. Actual transactions are subject to bank quoted rates. Data is updated hourly, with a delay of approximately 15–20 minutes.
⚠️ Note: The above rates are reference rates. Actual transactions are subject to the quoted rates from your bank or money changer. Banks typically add a spread on top of the reference rate, so actual exchange rates may differ slightly. Rates can change by the minute — check with your bank for a live quote before making large conversions.
What Are Forex Rates?
A foreign exchange rate (forex rate) is the ratio at which one currency can be exchanged for another. For example, USD/HKD = 7.8 means 1 US dollar can be exchanged for 7.8 Hong Kong dollars. Exchange rates are fundamental to international trade, travel, and investment — whether you're travelling to Japan, shopping online from overseas stores, or making foreign currency investments, exchange rates directly affect your purchasing power and returns.
Hong Kong operates a Linked Exchange Rate System, with the HKD pegged to the USD (1 USD ≈ 7.75–7.85 HKD). However, other currencies (such as JPY, GBP, CNY/RMB) float freely and are driven by market supply and demand, central bank policies, economic data, and geopolitical events — their fluctuations can be significant.
Key Factors Affecting Exchange Rates
- Interest Rate Differentials: When a country raises interest rates, it typically attracts foreign capital inflows, pushing up its currency. For example, when the US Federal Reserve hikes rates, the USD usually strengthens.
- Economic Data: Macroeconomic indicators such as GDP growth, employment figures, and inflation rates directly affect market confidence in and demand for a country's currency.
- Central Bank Intervention: Central banks can influence exchange rate trends by buying or selling foreign currency, adjusting interest rates, or through verbal guidance. The Bank of Japan, for instance, has intervened in the yen market multiple times.
- Geopolitics: Events such as wars, trade disputes, and political instability can drive capital flows into safe-haven currencies (e.g. USD, CHF), causing sharp exchange rate swings.
- Market Sentiment: Speculative trading and market expectations are also significant drivers of exchange rate volatility, particularly in the short term.
How to Use This Page
The table above shows two-way quotes for major currencies against the Hong Kong dollar:
- "1 HKD =": How much foreign currency 1 HKD can buy — useful for travel budgeting or calculating overseas shopping costs.
- "1 Unit = HKD": How many HKD one unit of foreign currency is worth — useful for quickly converting foreign prices back to HKD.
Need more complex conversions? Use our Live Currency Converter — enter any amount and see results across 10 currencies at once.