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Exchange rates last updated Friday, 08 November 2019 11:07:17 AM EST. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online sell rate will be used for conversions from US Dollars to a foreign currency.
The latest on the U.S dollar to Hong Kong dollar rates
The lowdown on the Hong Kong dollar
During the 19th century, Hong Kong made use of wide swathe of countries’ currencies, including Spanish dollars, Mexican pesos and Indian rupees. Once a British colony, the UK tried to standardise the currence by introducing sterling coins, but they were unpopular and foreign currency continued to be used widely.
Between 1935 and 1972 (with the exception of Japan’s occupation from 1941 - 1945), the Honk Kong dollar was pegged to the British pound. In 1967 sterling was devalued, resulting in the Honk Kong dollar increasing to $14.53/£1. From 1972 onwards, the Hong Kong dollar was pegged to the U.S. dollarat a rate of HK$5.65/US$1.
Today, the Hong Kong dollar is the thirteenth most traded currency in the world and the fourth most traded Asian currency behind the Singapore dollar (12th), the Chinese yuan (8th) and the Japanese yen (3rd). It is also used in the Macau Special Administrative Region when it circulates alongside the Macau pataca.
Historic U.S. dollar to Hong Kong dollar rates
The Hong Kong dollar reached an all time high of 9.60 in September of 1983 and a record low of 4.60 in March of 1978.