USD To HKD: Convert United States Dollar to Hong Kong Dollar - Forbes Advisor (2024)

FAQs

Where can I exchange USD to HKD in Hong Kong? ›

1 USD = 7.83735 HKD Apr 13, 2024 11:48 UTC

Check the currency rates against all the world currencies here.

The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert US dollars for Hong Kong dollars from the HKMA; Hong Kong dollar supply will increase, and the market rate will climb back to 7.80.

The official currency is Hong Kong dollars and it is best to exchange your dollars online or in person before you leave. The exception is in Macau where USD is accepted in the casinos.

With over 50 years of experience in the industry, KSME is one of the most well-known currency exchange providers in Hong Kong. KSME is a licensed Money Service Operator and has been fully accredited by the Hong Kong Customs and Excise Department.

The average annual salary in Hong Kong is above HK$435,000. Full-time workers in Hong Kong on average make HK$36,583.33 a month, equating to HK$439,000 a year.

Is Hong Kong dollar higher than US dollar? ›

1 HKD = 0.127594 USD Apr 13, 2024 04:08 UTC

Check the currency rates against all the world currencies here.

The system's success rests on its robust design, in line with market disciplines, and its highly transparent and rule-based mode of operation, as well as our abundant foreign reserves, strong fiscal position and dynamic economy.

Hong Kong serves as the gateway for international money to invest in mainland China. The dollar peg is highly advantageous to investors in terms of managing foreign exchange risks. Tencent Holdings and other Chinese tech giants attained growth by drawing international funds.

Among the top ten most expensive cities, Western Europe takes the lead with four entries, while there are three cities in the US and two cities in Asia, including Hong Kong. The cost of living crisis worldwide isn't showing any signs of slowing down.

Hong Kong has no currency control so you can buy HKD before you travel or on arrival. There are exchange desks found in the airport, hotels and other tourist areas, but their rates tend to be among the worst in the city.

There are 7 HSBC ATMs available at the airport too. 3 of which are in Departure Level 6, and the rest are in Arrivals Level 5. You can exchange your bills at Global Exchange and Travelex Worldwide Money, which are found around Terminal 1. However, there is also one more Global Exchange at the SkyPier, Ferry Departures.

Enjoy the convenience to withdraw Renminbi, Japanese Yen, US Dollar and Euro at these ATMs 24/7.