The currency of Hong Kong is Hong Kong Dollars HKD
For those who dream of traveling abroad, to an unfamiliar and distant country, it is always interesting to learn the rules of staying in a particular state. Not at the last place in the list of the most pressing issues is the question of the specifics of the country’s monetary units. After all, in order not to remain in a foreign country without means of livelihood, it is necessary to prepare very carefully.
Recently, trips to Hong Kong have become quite popular. The name of this city is well-known among Russians, however, not many people know that it is part of the structure of the People’s Republic of China, but at the same time has the status of autonomy. This independence of the city is confirmed even by the presence of its own currency – the legal tender in Hong Kong is the Hong Kong Dollar (HKD).
This Asian city is recognized as the financial center of the whole of East Asia, it has a huge concentration of banking institutions and organizations, both on the total area of the city and per capita. About seventy major global banks conduct their financial operations in Hong Kong. In 2011, it was recognized as the best and most promising financial market in the world. There are 133 banks with full licenses, 42 banks with limited licenses, and 36 deposit-taking institutions in this city. There are 85 representative offices of various foreign banks in Hong Kong.
The Hong Kong dollar is equal to one hundred cents, it is rigidly pegged to the US dollar. There are several types of banknotes in circulation. Banknotes in denominations of ten and fifty Hong Kong dollars have a green or purple color scheme, and five hundred dollars have a brown one. There are also twenty and one hundred dollar bills. In addition to banknotes, coins with denominations of ten, twenty and fifty cents are also used. The dime coins are made of bronze, are small in size and round in shape. Coins equal to fifty cents are made of the same material, but they have a slightly larger diameter.
In order to strengthen the independence and further prosperity of their homeland, the office of the Central Bank of Hong Kong issues dollars, and control over the circulation of banknotes is carried out by several issuers. A prosperous city has three of them. In addition to the Central Bank, this function is performed by the British Standard Bank and the Hong Kong-Shanghai Bank Corporation.
An interesting point is that each denomination of the local currency has several varieties that differ in size and design. For an inexperienced tourist, such features can be misleading, so before traveling to this Asian city, it is necessary to familiarize yourself in more detail with the peculiarities of the local culture.
Since the Hong Kong dollar is very dependent on the US currency, when traveling to this city, it should be borne in mind that the local exchange rate is very sensitive to the US dollar exchange rate. The import of foreign money into the country is not limited, and the export should not exceed the initial amount. An interesting fact is that crossing the border with the Hong Kong currency is officially prohibited.
There are no restrictions on conducting currency transactions within the city. In Hong Kong, it is absolutely free to sell and purchase national banknotes of almost any country. However, when paying for any product with local money, the buyer may be offered discounts and certain price advantages. Regardless of which currency the tourist brought with him (euros, US dollars), he will be able to easily exchange it at specialized exchange offices of banks, airports, large shopping malls, shops, hotels, etc. Do not forget that the most profitable exchange rate is carried out by bank branches. Almost all banks are open on weekdays from nine in the morning until five in the evening, on Saturday you can make the necessary monetary transactions until one o’clock in the afternoon. The least profitable course is taken by points located at the airport, because there are very high commission fees.
PrGood rate exchangers In Hong Kong, they are located in TsimShaTsui district, on Hong Kong Island – WanChai and Sheung Wan.
In 2026 7.7 (USD to HKD exchange rate) is considered a very good exchange rate
If a traveler brought credit cards to Hong Kong instead of cash, they will also have no problems withdrawing funds, as there is a well-developed ATM network in this city. Holders of international standard cards (American Express, Diners Club, Visa, Mastercard) have the opportunity to withdraw money from ATMs immediately in Hong Kong dollars, while no commission fees are provided. Local ATMs are open around the clock. Citibank ATMs can be found at the airport and some other crowded places. ATMs of the Bank of China Building are very popular among locals and foreign tourists. Some Hong Kong stores also accept credit card payments.
Many leading banks and hotels accept traveler’s checks for payment. Usually, establishments post special notifications about which payment method is acceptable to them.
If a tourist arrives from a part of China that is located directly on the mainland and has yuan with him, they will also have to be exchanged. Traditional Chinese money in Hong Kong is usually not accepted, although occasionally you can buy things or products for yuan. The yuan is about 20% more expensive than the local dollar, but the goods are sold one-to-one, which is very unprofitable for the traveler. Therefore, it is much more profitable to get rid of the yuan after all.
Hong Kong is not only an exotic and beautiful city, it is a real paradise for shopaholics. There are so many stalls, shops, boutiques, supermarkets, and centers here that even local authorities probably won’t be able to give an exact figure, so the issue of money turnover remains relevant at any time of the year.
Hong Kong is a very attractive city for modern travelers. Its distinctive features are that it retains its own system of economics, politics, and jurisprudence, and its financial system competes on an equal footing with similar systems in developed countries.
Alex iurlov tour guide in Hong Kong, Macau and China
Car transfers, yacht charters.
+85268553629 (WhatsApp, Telegram, Wechat)
Wechat id: iurlov
info@hongkong.su
www.hong-kong.su
www.tour.hong-kong.su
www.yachts.hong-kong.su
www.alphard40.hk
www.yurlov.com – my personal web site
