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A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar.
Since 1983, the linked exchange rate system is a unique type of exchange rate regime used for the Hong Kong dollar to be pegged with the United States dollar at a fixed rate of HK$7.80 = US$1.
3.4 Hong Kong dollar as exchange rate anchor. 4 Conventional peg. Toggle Conventional peg subsection. ... Exchange rate regime; Exchange-rate flexibility; Dollarization;
The HKMA's resolve to keep the Hong Kong dollar in the 7.75-7.85 per U.S. dollar band it has been in since the currency board's inception in 1983 is not in doubt. CORRECTED-COLUMN-Hong Kong FX ...
It is included the Linked Exchange Rate System and noticeable features such as the Aggregate Balance, Certificates of Indebtedness and coins issued and the Outstanding Exchange Fund Bills and Notes. The Interest Rate Adjustment Mechanism is an automatic system that maintains the stability of the Hong Kong dollar exchange rate.
This is a list of circulating fixed exchange rate currencies, ... Hong Kong dollar: 1.03 Macedonian denar: ... Fixed exchange rate system; References
Hong Kong's economic strengths include a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves with assets of US$481.6 billion represent over six times the currency in circulation or about 46 per cent of Hong Kong dollar M3 as at the end of March 2022, [25] rigorous anti-corruption measures and ...
Hong Kong's Exchange Fund, the war chest used to defend the local currency from attacks by short-sellers, earned HK$11.6 billion (US$1.5 billion) from its investments in the first quarter as it ...