Does the HKD/USD exchange rate change at all?

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  1. #1

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    Does the HKD/USD exchange rate change at all?

    The HKD is pegged to the USD, right?
    So that means the HKD/USD exchange rate shouldn't change at all?
    I think I've seen the rates fluctuate at the same money changer on different days but shouldn't it stay the same if the currency is pegged? Please explain.
    I think US$1 = HK$7.75?

    Last edited by HK8; 22-12-2014 at 02:55 PM.

  2. #2

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    Yes it can change, because it is pegged to a narrow band. Also the government may decide to change the peg, or let it float free, if it so decides.


  3. #3

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