Exchange GBP to HKD - Convert Pound to Hong Kong dollar- Free Online Quote

GBP to HKD Exchange Rate

Currency Information on Hong Kong Dollar - HKD — Hong Kong dollar – HK$. The foreign exchange currency code for HKD represents the Hong Kong Dollar exchange rate.

The 13th most traded currency in the world, the Hong Kong dollar is used in both Hing Kong and Macau, due to the similarities in exchange rates and their physical proximity.

Currency Exchange Rates for Hong Kong Dollar. In spoken Cantonese, the transliteral version of the first syllable of the word ‘money’ is used to refer to the currency.

Currency Information on HKD. Coins are in circulation in the denominations of 10, 20 and 50 cent, as well as 1, 2, 3, 5, and 10 dollars. Banknotes are available in denominations of 10, 20, 50, 100, 150, 500 and 1,000 dollars, although $150 notes are limited in circulation.

Each and every country has its own currency to provide the basic unit for monetary transactions. It is not a need but the basic necessity for any types of trade or business. In today's world, it is one of the hardest realities. However, the currencies of all countries are not the same. Just like the local time, it changes with the boundaries of the nations. This is because of the sovereignty of each of the nation in controlling their finances and again dictating their currencies based on their revenues. The same is prevalent of Hong Kong, which deals in the Hong Kong Dollar.

 

The Hong Kong Dollar

This is said to be the official currency of the Hong Kong. The Hong Kong Monetary Authority controls all currency related affairs and also the default central bank. HSBC, SCBHK, and BOCHK are the three commercial banks in Hong Kong that issue the currency notes of denomination HK$20, the HK$50, the HK$100, the HK$500 and the HK$1000, while the government issues the coins and the HK$10. Also, it is the thirteenth most traded currency all around the world. There is also a minor unit called the cents, which is valued at a hundredth of the Hong Kong Dollar.

 

Hong Kong had been established in 1841 and there were no currencies at this point of time. Foreign currencies were circulated at the point of time. The Royal Mint in London used special coinage for use in the Hong Kong that was within the dollar system. And after that, a local mint was established in 1866 but was closed in 1868. By 1939, the Hong Kong dollar was stabilized at the rate of 16HK$ = 1 pound. The available coins are the denominations of 10 cents, 20 cents, 50 cents, HK$1, HK$2, HK$5 and the HK$10. Thus the currency of Hong Kong has undergone a long and historical journey before arriving at the current status.

Convert Pound to Hong Kong dollar

Convert GBP to HKD exchange rate. Buy and sell British Pounds to Hong Kong dollar. Convert LRD to GBP with a currency broker offering the best foreign exchange rates. Exchange GBP to HKD - Convert Pound to Hong Kong dollar for a Free Online Quote.

Related Posts:

  1. LBP
  2. ETB
  3. ISK
  4. LSL
  5. HUF

Company Details

TorFX logo

Get a quick quote

Open Account with TorFX

TorFX are located at:
Penlowarth, Penzance, Cornwall, TR18 4ED

Company Location

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882