Hong Kong Dollar to US Dollar — exchange rate

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.

The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.

The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.