Hong Kong Dollar to Chinese Yuan Renminbi — exchange rate

Country of Circulation: Hong Kong, Macau

Currency Code, Symbol: HKD, HK$

Denominations of coins in circulation: 10¢, 20¢, 50¢, $1, $2, $5, $10

Denominations of banknotes in circulation: $10, $20, $50, $100, $500, $1,000

History: The Hong Kong dollar (symbol: HK$, codes: HKD and 344) is a monetary unit used only in one district in the People’s Republic of China – Hong Kong. The HKD abbreviation is commonly used on the foreign exchange market. The Hong Kong dollar is divided into cents.One HKD has 100 cents. The $ currency was first issued in 1895. The coins of that time were made out of pure silver. The Hong Kong Special Administrative Region is “its own country within another government” in some way. Just like the other large city of PRC – Macao, Hong Kong not only has its own currency, but also lives by its own law.Read More

Country of Circulation: China

Currency Code, Symbol: CNY, ¥

Denominations of coins in circulation: RMB 0.1, RMB 0.5, RMB 1 (1, 5 角；1 元)

Denominations of banknotes in circulation: RMB 0.1, RMB 0.5, RMB 1, RMB 5, RMB 10, RMB 20, RMB 50, RMB 100

History: The Chinese yuan (symbol  ¥, code: CNY, number 156) is the main national currency in the People's Republic of China. CNY is used in conversions, and on the global exchange markets. One yuan is divided into 10 jiao, and the latter one contains 10 fen.Small coins are not commonly used in payments. The Chinese yuan was issued to the market in 1949. The predecessor of the currency was the yuan of Inner Mongolia. CNY is not used on the territory of two PRC cities: Hong Kong and Macao. These localities have their own currency units.Read More