What Will Happen To Hong Kong Dollar
Hong kong is the world s no.
What will happen to hong kong dollar. The only thing is whether you have power to change it and keep it. Hong kong was a colony of the united kingdom ruled by a governor appointed by the monarchy of the united kingdom for 156 years from 1841 except for four years of japanese occupation during wwii until 1997 when it was returned to chinese sovereignty china agreed to accept some conditions as is stipulated in the sino british joint declaration such as the drafting and adoption of hong kong. To be honors it is does not matter whether it is unconstitutional or not. The hkma hiking short term rates higher than the hong kong economy can handle following the fed s tightening cycle.
When china regained sovereignty over hong kong from the british in 1997 it was under an agreement to allow the city a high degree of autonomy for 50 years. There are clear reasons for this weaker hong kong dollar such as. Hkd is currently pegged against the us dollar. Dollar since 1983 the hong kong dollar is usually a dull currency.
What will happen to the hkd. That arrangement known as one. Lower interbank rates in hong kong compared to the u s creating a profitable arbitrage opportunity. Except when it isn t.
The chinese government s moves to end the zombie loan problems will be a catalyst for an economic meltdown. I presume hkd will depreciated does that mean it will go up as in 1usd 10 hkd or will it go down 1usd 5hkd. It seems to happen over the next few months. A slowing chinese economy.
While its trading band of hk 7 75 to hk 7 85 per u s. 3 financial center and a break of the 36 year peg could cause jitters. The hong kong dollar s recent weak performance is as expected but hong kong s people do not need to worry too much said financial secretary paul chan mo po in his blog on sunday. The visuals in hong kong can give an idea of the potential that is going to happen.
1usd 7 75 7 85 hkd obviously it won t happen overnight but what if it does unpeg against the usd. China s new security law and the slow sino american decoupling risk hong kong dollar peg. Hong kong s peg to the us dollar could be abandoned if anti government protests worsened the city s economic woes chinese economist yu yongding has warned. Pegged to the u s.
But the main reason s that because of the hkd peg.
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