Examples of HK Dollar in a sentence
Since 1983, the H.K. dollar has been linked to the U.S. dollar at the rate of HK$7.80 to US$1.00.
Under the Basic Law, the H.K. dollar will continue to circulate and remain freely convertible.
The Hong Kong government has also stated that it has no intention of imposing exchange controls in Hong Kong and that the H.K. dollar will remain freely convertible into other currencies, including the U.S. dollar.
The Basic Law of the Hong Kong Special Administrative Region of the People’s Republic of China (the ‘‘Basic Law’’), which came into effect on July 1, 1997, provides that no foreign exchange control policies shall be applied in Hong Kong.The market exchange rate of the H.K. dollar against the U.S. dollar continues to be determined by the forces of supply and demand in the foreign exchange market.
Determined by averaging the rates on the last business day of each month during the relevant year, except for monthly average rates, which are determined by averaging the daily rates during the respective months.Hong KongThe H.K. dollar is freely convertible into the U.S. dollar.