Convert Hong Kong Dollar to Chinese Yuan
Convert Hong Kong Dollar (HKD) to Chinese Yuan (CNY) using daily updated exchange rates.
Loading exchange rates...
Exchange Rate
Exchange rates are updated daily.
Loading current rate...
About Hong Kong Dollar
The Hong Kong Dollar (HKD) has been the official currency of Hong Kong since 1863. It has been pegged to the US Dollar under a Currency Board system since 1983 within a tight band of 7.75 to 7.85 HKD per USD, providing monetary stability crucial for Hong Kong's role as a global financial centre. The Hong Kong Monetary Authority (HKMA) manages the peg by automatically adjusting interest rates. Hong Kong is one of the world's most important financial hubs, hosting one of Asia's largest stock exchanges.
About Chinese Yuan
The Chinese Yuan (CNY), also known as the Renminbi (RMB, meaning "people's currency"), is the official currency of the People's Republic of China. Introduced in 1949 when the People's Republic was founded, it replaced multiple currencies issued by various warlords and governments. The People's Bank of China manages monetary policy using a managed floating exchange rate with reference to a basket of currencies. The yuan became an IMF Special Drawing Rights (SDR) reserve currency in 2016, recognising China's role as the world's second largest economy.
Quick Reference Table
| Hong Kong Dollar (HKD) | Chinese Yuan (CNY) |
|---|---|
| Loading rates... | |
Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).