Hong Kong Dollar

The Hong Kong Dollar (HKD) is the official currency used in Hong Kong. It functions as a medium of exchange, allowing people to buy and sell goods and services. The HKD is issued by the Hong Kong Monetary Authority but is backed by a currency peg to the US Dollar, maintaining stability. This means the HKD's value remains relatively fixed against the USD, helping facilitate international trade and investment. The currency is available in both coins and banknotes denominations. Its stability and international acceptance make it an important financial instrument in the region.