About USD/HKD
USD/HKD operates within a narrow convertibility band of 7.75-7.85, maintained by the Hong Kong Monetary Authority (HKMA) through a currency board system. When the HKD weakens to 7.85, the HKMA buys HKD and sells USD to defend the peg; when it strengthens to 7.75, the reverse happens. This makes USD/HKD unique - it does not trend like a free-floating pair but instead oscillates within a 1.3% range. Trading opportunities arise when the pair approaches the band's edges: at 7.85, traders anticipate HKMA intervention; at 7.75, they expect the peg to hold. Key events include HKMA intervention announcements, US Federal Reserve decisions (which affect USD/HKD via interest rate differentials), and Hong Kong political developments. Spreads are tight (2-5 pips) given the peg stability. Traders who attempt to short the pair at 7.85 must be prepared for sharp reversals when the HKMA steps in.
Historical Rates - Last 7 Days
| Date | Close | Change |
|---|
| 2026-08-22 | 7.8400 | -0.05% |
| 2026-08-23 | 7.8435 | +0.04% |
| 2026-08-24 | 7.8392 | -0.05% |
| 2026-08-25 | 7.8360 | -0.04% |
| 2026-08-26 | 7.8380 | +0.03% |
| 2026-08-27 | 7.8388 | +0.01% |
| 2026-08-28 | 7.8391 | +0.00% |
See full price history on the historical rate lookup tool.
Frequently Asked Questions
What is the pip value for USD/HKD?
One standard lot (100,000 units) on USD/HKD has a pip value of approximately $10.00. The minimum price increment (tick) is 0.0001. A pip is typically the third decimal place for this pair, meaning 1 pip = 0.0001 for most pairs.
What time is USD/HKD most active?
USD/HKD sees its highest trading volume during the Tokyo session. As an exotic pair, liquidity can thin significantly outside of the primary sessions listed above. Spreads widen and slippage increases during off-hours.
What economic events affect USD/HKD most?
The most impactful events for USD/HKD come from the USD and HKD economies. US releases — non-farm payrolls, CPI, FOMC rate decisions, and GDP — are among the most market-moving events globally. A surprise in any of these can shift the pair 50–100 pips within minutes. The upcoming events section above lists the specific releases scheduled in the next two weeks.