--- title: "Hong Kong dollar (HKD) exchange rate" url: https://www.ibani.com/en/currency-converter/currencies/hkd-hong-kong-dollar lang: en date_modified: 2026-10-07 --- Currency · HKD · HK$ # Hong Kong dollar (HKD) exchange rate The Hong Kong dollar is the official currency of Hong Kong and one of Asia's most traded currencies. Its distinctive feature: it is pegged to the US dollar through a currency board arrangement managed by the HKMA. Convert it at the **real interbank rate**, in real time, with a transparent margin from 0.40% to 0.15%. [Open my free account](https://www.ibani.com/en/app) See HKD rates **HKD**ISO code · HK$ **HKMA**Monetary authority **0.15%**Margin from ### Simulate your transfer No hidden fees — Live rate — Estimated annual saving — vs. a traditional bank Per monthly transfer · [Live rates](https://www.ibani.com/en/currency-converter) · [Pricing](https://www.ibani.com/en/rates) [Get started — It's free](https://www.ibani.com/en/app) [![App Store](https://www.ibani.com/images/appstore-badge-en.svg)](https://apps.apple.com/app/ibani-borderless-money/id1382598762)[![Google Play](https://www.ibani.com/images/google-play-badge-en.svg)](https://play.google.com/store/apps/details?id=com.ibani.mobile&hl=en) \* 100% digital sign-up in 5 minutes. Zero account opening or maintenance fees. **35'000+ clients**Individuals & businesses **CHF 1 Billion+**Exchanged since 2018 **Up to 10× cheaper**Than a traditional bank **4.7/5 · Excellent**On 2'000+ client reviews [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg) Affiliated with SO-FIT (SRO)\*](https://so-fit.ch/) The Hong Kong dollar in brief ## The essentials about the Hong Kong dollar (HKD) The key facts about a major Asian currency, and how to convert it at the right rate. ### ISO code HKD, symbol HK$ The official currency of Hong Kong, issued under licence by three of the territory's commercial banks. ### Managed by the HKMA The Hong Kong Monetary Authority safeguards the stability of the HKD against the US dollar. ### Pegged to the US dollar Kept within a band of roughly 7.75 to 7.85 HKD per 1 USD since 1983, through a currency board arrangement. ### Exchange from 0.15% at ibani A sliding, transparent margin applied to the real rate, with no hidden fees. Our experts' analysis ## The Hong Kong dollar, a currency pegged to the greenback. The Hong Kong dollar (HKD) is the official currency of Hong Kong and ranks among Asia's most traded currencies. Its singularity lies in its exchange rate regime: since 1983, it has been linked to the US dollar under the Linked Exchange Rate System, a currency board mechanism. For Swiss players, tracking the **HKD/CHF** pair largely comes down to tracking the USD/CHF pair, since the HKD moves within a narrow band against the US dollar. Understanding the peg and the decisions of the Federal Reserve therefore helps anticipate movements in the Hong Kong dollar and optimise your exchange operations. HKD key facts ISO code**HKD · HK$** Monetary authority**HKMA** Area of use**Hong Kong** Exchange rate regime**Pegged to the USD** Exchange rate regime ## The peg of the HKD to the US dollar The Hong Kong Monetary Authority (HKMA) acts as the central bank for Hong Kong. Its primary mission is to preserve the stability of the Hong Kong dollar through the Linked Exchange Rate System, in place since 1983. This framework rests on two principles: ### A currency board arrangement Any issuance of Hong Kong dollars must be backed by US dollar reserves, which ensures the credibility of the peg. ### A narrow fluctuation band The HKMA commits to exchanging the HKD for the USD between 7.75 and 7.85, around a central point of 7.80, and intervenes to maintain this band. A direct consequence of this peg: Hong Kong's monetary policy effectively follows that of the US Federal Reserve. When the Fed raises or lowers its rates, the HKMA tends to adjust its own to preserve the parity, which explains the great stability of the HKD against the dollar. History of the Hong Kong dollar ## The key dates in its history 1935 ### Creation of the Hong Kong dollar Hong Kong abandons the silver standard and establishes the Hong Kong dollar as the official currency, then linked to the pound sterling. 1972-1974 ### From sterling to the dollar, then floating The HKD is linked to the US dollar in 1972, before being allowed to float freely from 1974. 1983 ### Birth of the Linked Exchange Rate System On 17 October 1983, after severe instability, Hong Kong introduces a currency board arrangement pegging the HKD to the US dollar at 7.80. 1998 ### Reinforcement after the Asian crisis Following the Asian financial crisis, the HKMA introduces technical measures, including a convertibility undertaking, to consolidate the peg. 2005 ### Introduction of the 7.75-7.85 band The HKMA introduces convertibility undertakings on both sides, defining the official band of roughly 7.75 to 7.85 HKD per 1 USD. 2022-2023 ### Defending the peg amid rising rates The rapid rise in Fed rates pushes the HKD towards the weak side of the band; the HKMA intervenes repeatedly to defend the peg. Today's rate ## Our rates for the Hong Kong dollar (HKD) Indicative value for 1 unit, ibani margin included. Click a pair for its details and history. Reference rate as of 7 October 2026; the rate applied is the one at the time of the order. | | [CHF](https://www.ibani.com/en/currency-converter/currencies/chf-swiss-franc) | [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) | | --- | --- | --- | | To HKD 1 | [9.3786CHF to HKD rate](https://www.ibani.com/en/currency-converter/chf-to-hkd-rate) | [8.7396EUR to HKD rate](https://www.ibani.com/en/currency-converter/eur-to-hkd-rate) | To the Hong Kong dollar (HKD) [CHF HKD](https://www.ibani.com/en/currency-converter/chf-to-hkd-rate) [EUR HKD](https://www.ibani.com/en/currency-converter/eur-to-hkd-rate) [See all our currencies →](https://www.ibani.com/en/currency-converter/currencies) News ## Latest analysis on currency exchange and currencies ### EUR/CHF Forecast October 2026: Euro Climbs Back to 0.9311 After Its Fall of 2 October As of October 5, 2026, EUR/CHF climbs back to 0.9311 (+0.3%) at the ECB reference rate, after losing 1.7% on 2 October. The yield spread between French and German government bonds, which rose above 150 points on 2 October, narrows to 141 points according to Reuters. [Read article](https://www.ibani.com/en/guides/chf-eur-exchange-rate-forecast) ### GBP/CHF Forecast: The Pound Falls Back Against the Franc After Its 2026 High (October 2026) As of 2 October 2026, the pound sterling is worth 1.0912 francs, down 1.3% on the session, two days after its high for the year at 1.1090. The Bank of England is holding its rate at 3.75%, but three of its nine members voted for a hike. [Read article](https://www.ibani.com/en/guides/chf-gbp-exchange-rate-forecast) ### USD/CHF Forecast (October 2026): The Dollar Falls Back to 0.8266 Franc As of October 2, 2026, the dollar is worth 0.8266 franc, down 1.0% from the previous day's reference rate, which marked its highest since May 2025. The US September jobs report, released afterwards, shows only 29,000 jobs created. [Read article](https://www.ibani.com/en/guides/chf-usd-exchange-rate-forecast) Frequently asked questions ## Frequently asked questions about the Hong Kong dollar (HKD) Always compare the rate offered with the real interbank (mid-market) rate. A specialised online exchange service like ibani starts from this real rate and only adds a transparent margin from 0.40% to 0.15%, with no hidden fees, whereas a bank often applies a much wider spread. Compare with our [rate comparator](https://www.ibani.com/en/compare-exchange-rates). Since 1983, the Hong Kong dollar has been linked to the US dollar through the Linked Exchange Rate System, a currency board arrangement managed by the Hong Kong Monetary Authority (HKMA). The rate is kept within a band of roughly 7.75 to 7.85 HKD per 1 USD, around a central point of 7.80. As a result, Hong Kong's monetary policy effectively follows that of the US Federal Reserve. The Hong Kong dollar is issued under the authority of the Hong Kong Monetary Authority (HKMA), the territory's de facto central bank. The HKMA manages the Linked Exchange Rate System and safeguards the stability of the HKD against the US dollar. You can convert the Hong Kong dollar (HKD) into the Swiss franc (CHF) and the euro (EUR), as well as many other currencies such as the US dollar, the pound sterling, the Canadian dollar, the Singapore dollar, the Japanese yen or the New Zealand dollar. ## Exchange your Hong Kong dollars at the fair market rate. Get a personal Swiss IBAN, convert the Hong Kong dollar at the real rate (+ margin from 0.15%) and transfer with no hidden fees. Opening an account is free, 100% digital and takes just 5 minutes. [OPEN A FREE ACCOUNT](https://www.ibani.com/en/app) [Back to the converter](https://www.ibani.com/en/currency-converter) ✓ Real interbank rate  ·  ✓ Margin from 0.15%  ·  ✓ Affiliated with SO-FIT (SRO) [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg)](https://so-fit.ch/) ## Swiss financial intermediary subject to the AMLA regulatory framework Your money is handled with the utmost regulatory rigour. ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name. ibani SA is affiliated with [SO-FIT](https://so-fit.ch/) as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority ([FINMA](https://www.finma.ch/en/authorisation/self-regulatory-organisations-sros/)).