Hong Kong Dollar

(redirected from Hong Kong Dollars)
Also found in: Dictionary, Thesaurus, Acronyms.

Hong Kong Dollar

The currency of Hong Kong, a special administrative region of China. It was first issued in the 1860s and, for a number of years, circulated in Hong Kong along with several other currencies. From 1963 to 1935, it was pegged to silver. It then adopted a crawling peg to the British pound, which continued until the yen was introduced during Japanese occupation in World War II. The dollar and the peg to the pound were reintroduced after the war, but the peg was eventually changed to the U.S. dollar. It began to float in 1974, but readopted the U.S. dollar peg in 1983. It is an important currency because of Hong Kong's position as an international trade center.
References in periodicals archive ?
dollar peg despite increased pressure on the Hong Kong dollar recently.
The Hong Kong Dollar currency board system survived intact, but the equity market fell by over 50 percent during the second half of 1997.
To lure investors, interest rates on Hong Kong dollar securities have been increased by 300 to 400 basis points.
Foreign currency assets increased by HK$8.5 billion while Hong Kong dollar assets decreased by HK$18.4 billion.
The court was told the 20million Hong Kong dollar payment from Cheung to Yeung related to an earlier 26.4million Hong Kong dollars (PS2million) investment the future Blues boss had made in a VIP room in Macau's Neptune casino in January 2005.
Hong Kong -- The Hong Kong Monetary Authority has sold $603 million worth of Hong Kong dollars in the foreign exchange market in an effort to curb the currency's rise.
Turnover was a relatively robust 88.3 billion Hong Kong dollars (11.4 billion US dollars).
TCC International Holding scored 784 million Hong Kong dollar in net income on sales of 8.126 billion Hong Kong dollars last year, up 105.5% and 550% from the previous year, respectively.
SAB Miller is offering to pay 4.3 Hong Kong dollars (55 U.S.
Group pre-tax profits rose to 6.07 billion Hong Kong dollars (pounds 491 million) in the six months to June 30 from 5.95 billion dollars (pounds 481 million) last year.
The share has a face value of 10 Hong Kong dollars (1.3 U.S.

Full browser ?