1 usd to hkd

1 usd to hkd

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Enter an amount in the box field of your chosen currency and click here or another box field to see the converted amount. Amounts can be entered with a comma or dot to separate the decimal part. How to use this converter ? Enter an amount in the box field of your chosen currency and click here or another box field to see the converted amount.

Amounts can be entered with a comma or dot to separate the decimal part. Be careful : some historic rates of minor currencies are not known a long way in the past. Exchange rates are refreshed daily and are the official ones published by Central banks on 17 October 2018 22:12 CEST. Jump to navigation Jump to search “HKD” redirects here. For the airport in Japan, see Hakodate Airport. It is subdivided into 100 cents. Under the licence from the Hong Kong Monetary Authority, three commercial banks are licensed to issue their own banknotes for general circulation in Hong Kong.

As of April 2016, the Hong Kong dollar is the thirteenth most traded currency in the world. When Hong Kong was established as a free trading port in 1841, there was no local currency in everyday circulation. But just as in the case of the British North American colonies, the attempts to introduce the sterling coinage failed to overcome the strong local adherence to the silver Spanish dollar system. By 1858, the British government gave up all attempts to influence the currency situation in Canada, and by the 1860s it came to the same realisation in Hong Kong: that there was no point in trying to displace an already existing currency system. In 1863, the Royal Mint in London began issuing special subsidiary coinage for use in Hong Kong within the dollar system.

In 1873, the international silver crisis resulted in a devaluation of silver against gold-based currencies. By 1895, the circumstances had changed to the extent that there was now a dearth of Mexican dollars and the authorities in both Hong Kong and the Straits Settlements were putting pressure on the authorities in London to take measures to have a regular supply of silver dollar coins. London eventually acquiesced and legislation was enacted in attempts to regulate the coinage. By 1935, only Hong Kong and China remained on the silver standard. It was from this point in time that the concept of a Hong Kong dollar as a distinct unit of currency came into existence. During the Japanese occupation, the Japanese military yen were the only means of everyday exchange in Hong Kong. In 1972, the Hong Kong dollar was pegged to the U.

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