Convert Hong Kong Dollar to US Dollar
HKD to USD Exchange Rate Calculator
1 Hong Kong Dollar (HKD) = 0.1276 US Dollar (USD) at the live mid-market rate. That means $100 HKD converts to roughly 12.76 USD, and $1,000 HKD converts to about 127.59 USD. The HKD/USD rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day HKD/USD context
Over the past 90 days, HKD/USD has traded between 0.1276 and 0.1280. The current rate of 0.1276 sits roughly 8% through that range — near the lower end, meaning US Dollar has been stronger than typical against Hong Kong Dollar recently. Versus the rate 90 days ago, Hong Kong Dollar has held roughly flat (-0.26%) against US Dollar.
HKD/USD Price History
Interactive HKD/USD exchange rate chart with 7-day, 30-day, and 90-day views.
About Hong Kong Dollar (HKD)
The Hong Kong Dollar (HKD) is the official currency of the Hong Kong Special Administrative Region. It has been pegged to the US Dollar since 1983 under a Linked Exchange Rate System, trading within a narrow 7.75–7.85 HKD per USD band enforced by the Hong Kong Monetary Authority (HKMA).
- •Pegged to USD at ~7.80 within a 7.75–7.85 Convertibility Undertaking band since 1983
- •Hong Kong is the world's fourth-largest forex trading centre by BIS data
- •HKMA intervenes automatically at band boundaries, not at the HKMA's discretion
- •Hong Kong has the world's freest economy by Heritage Foundation and similar indices
- •HIBOR (Hong Kong Interbank Offered Rate) tends to follow US rates because of the peg
About US Dollar (USD)
The United States Dollar (USD) is the world's primary reserve currency and the single most traded currency in global foreign exchange markets. Issued by the Federal Reserve System since 1913, it anchors the DXY (U.S. Dollar Index) and sits on one side of roughly 88% of all forex transactions.
- •Involved in ~88% of all daily forex turnover (BIS Triennial Survey)
- •Accounts for roughly 58% of allocated central bank reserves (IMF COFER)
- •Primary invoicing currency for global oil, metals, and most commodities
- •Dollar-denominated debt issued outside the US exceeds $13 trillion
- •The Federal Reserve sets the federal funds rate, which drives USD strength globally
Frequently Asked Questions
Why does USD/HKD barely move?
HKD has been pegged to USD since 1983 under the Linked Exchange Rate System. The Hong Kong Monetary Authority (HKMA) maintains a trading band of 7.75–7.85 — when the rate hits either edge, HKMA intervenes by buying or selling HKD to push it back. As a result, USD/HKD moves in a narrower range than virtually any other actively-traded pair.
How does the HKMA defend the HKD peg?
When USD/HKD hits the weak-side limit of 7.85, HKMA buys HKD and sells USD, withdrawing HKD liquidity from the banking system. This pushes HIBOR (Hong Kong interbank rate) higher, making shorting HKD expensive and forcing the rate back into the band. Aggregate balance data published daily by the HKMA shows how much firepower has been used.
What is the HIBOR-SOFR spread, and why does it matter?
HIBOR is the Hong Kong interbank rate; SOFR is the US benchmark rate. When HIBOR sits well below SOFR, traders borrow HKD cheaply and convert to USD for higher yield — pressuring HKD weaker. The HIBOR-SOFR gap is the single best leading indicator of whether USD/HKD will test the 7.85 weak-side limit.
Could the HKD peg ever break?
The HKMA holds over $400 billion in foreign-currency reserves — roughly twice Hong Kong's monetary base — making the peg one of the best-defended currency arrangements in the world. Speculation about a peg break has surfaced periodically (2018, 2022) but no episode has come close to breaking it. The political question of whether China would allow a change is more meaningful than the financial one.
Where do I get the best USD-to-HKD rate?
For amounts below ~$10,000, multi-currency cards (Wise, Revolut) and Hong Kong digital banks (Mox, ZA Bank) typically beat traditional banks. For larger amounts, direct exchange via HSBC HK or Standard Chartered HK at the institutional rate is competitive — they often quote inside 7.81–7.83 even when the spot is at 7.85.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers