Hong Kong Dollar - HKD.

Hong Kong has long been a major financial center, there is one of the largest stock exchanges, many banks and offices of large corporations.

It would be surprising if the currency of Hong Kong has not been claimed as a means of payment and is not freely convertible.

Hong Kong Dollar - occupies a leading position in the calculations in the Asian region, actively bought and sold on an exchange, has a relatively high liquidity.




Hong Kong's currency has more than 100 years, at the moment of its issuance produces two private banks and the Bank of China, which are also engaged in money supply and control.

The denominations of circulation are 10, 20, 50, 100, 500 and 1000 and cent coins 10, 20, 50 centers.

Hong Kong dollar has a tight peg to the US dollar exchange rate it is moving in a narrow range of 7.75 - 7.85 Hong Kong dollars per US.

This ratio denoted by the corresponding exchange quotation USDHKD, and which is used in the trade to FX.

Trade in Hong Kong dollars.

Due to the fact that the exchange rate of the currency is driven into a narrow corridor, trade it is quite easy, just wait when the rate of the currency pair USDHKD close to the bottom or the top mark and begin to work in the opposite direction. Because in such a situation, the course will start regulating the market makers play to increase or decrease that would not leave the currency to the border of the price band.

For example, at the moment the quote is 7.75211 Hong Kong dollar is almost the lower bound, then most likely price in the near future will grow - opening the deal to purchase.

Unfortunately due to the high spread given currency can not be used for all policies, average size broker commission usually ranges from 4 to 10 points. Therefore it is not very profitable to open a short-term deal for scalping.