7.766 HKD
-0 (-0.01%)

USDHKD Key Statistics

Open price
7.76646
High today
7.76846
Low today
7.76107
52 Week high
7.83794
52 Week low
7.76094
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
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7.766 
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About USDHKD

USDHKD is an exotic pair consisting of the US dollar as the base currency and the Hong Kong dollar (HKD) as the quote currency. It is the most commonly traded pair that includes the HKD. This forex pair represents the HKD needed to buy one USD.

What is USDHKD?

The USDHKD is the currency pair representing the US and Hong Kong dollars. It shows the exchange rate between the currencies. If put, this exchange rate indicates the number of HKDs required to buy one USD. Knowing the exchange rate is essential for those interested in trading between countries, traveling, and making investment decisions. Moreover, traders who are eager to learn more about how to invest in USDHKD should keep tabs on factors that may influence its price movements. That includes monetary policies, geopolitical events, risk appetite, and market sentiment. Additionally, investors should pay attention to economic indicators such as GDP, trade data, inflation, and employment rates. These significant factors must be considered before investing in currency pairs, including the USDHKD.

How does USDHKD work?

The currency pair works by trading on various platforms, like SimpleFX. First, the trader needs to open an account. SimpleFX provides a demo account where investors can learn how to trade USDHKD. It gives access to the simulation of real-time market conditions without financial risks. The traders speculate on the currency pair's price fluctuations through this account and buy or sell the pair accordingly. For instance, if the price is expected to increase, they buy the pair, intending to sell it more expensive later. Hence, in this way, this is one of the ways to manage risk.

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