Convert Zambian Kwacha to Hong Kong Dollar
Convert Zambian Kwacha (ZMW) to Hong Kong Dollar (HKD) using daily updated exchange rates.
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Exchange Rate
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About Zambian Kwacha
The Zambian Kwacha (ZMW), meaning "dawn" or "freedom" in Nyanja, was redenominated in January 2013 at a rate of 1,000 old kwacha (ZMK) to 1 new kwacha (ZMW), eliminating the large denominations that had accumulated from years of inflation. The Bank of Zambia manages monetary policy. Zambia is Africa's second largest copper producer and copper accounts for the bulk of its export revenues, making the kwacha highly sensitive to global copper prices. Zambia became the first African nation to default on its debt in the post-pandemic era in 2020, and completed a debt restructuring process in 2023.
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.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).