1 Hong Kong Dollar to Turkish Liras

Find the daily exchange rates for HKD/TRY and for all the top World currencies.

Countries That Use Hong Kong Dollar (HKD) as their official currency

The Hong Kong Dollar (HKD) is used as the main currency in the following countries: Hong Kong

Countries That Use Turkish Lira (TRY) as their official currency

The Turkish Lira (Turkish Lira) is used as the main currency in the following countries: Northern Cyprus, Turkey

About The Hong Kong Dollar (TRY)

The TRY - Turkish Lira - is the official currency of Turkey and the Turkish Republic of Northern Cyprus. The Turkish Lira is symbolized by '₺' and abbreviated as 'TRY.' The Lira is subdivided into 100 smaller units called 'kuruş.' The Lira plays a vital role in supporting Turkey's diverse and growing economy, which spans agriculture, manufacturing, tourism, and a robust services sector. The Lira reflects the country’s rich cultural heritage and its status as a bridge between Europe and Asia.

The Turkish Lira has a long history, with its origins dating back to the Ottoman Empire. The Lira was first introduced in 1844, replacing the Ottoman currency system as part of modernization efforts within the empire. The modern Turkish Lira was officially established in 1923, following the formation of the Republic of Turkey. In 2005, Turkey revalued the Lira, removing six zeros from the old Lira in an effort to combat inflation and stabilize the currency. The new Turkish Lira (TRY) replaced the old Lira (TRL) at a rate of 1 TRY = 1,000,000 TRL, signaling a fresh start for the country’s economy.

The Central Bank of the Republic of Turkey (CBRT) is responsible for issuing and regulating the Turkish Lira. Established in 1930, the CBRT plays a key role in maintaining monetary stability, managing inflation, and ensuring financial stability in the country. The central bank sets interest rates, controls the money supply, and intervenes in the foreign exchange market when necessary to maintain the value of the Lira. Turkey’s monetary policy has faced challenges in recent years, particularly due to periods of high inflation and currency volatility, which the CBRT has tried to manage through various monetary measures.

The Turkish Lira is issued in both coin and banknote forms. Coins are available in denominations of 1, 5, 10, 25, and 50 kuruş, as well as 1 Lira. Banknotes are issued in denominations of 5, 10, 20, 50, 100, and 200 Lira. The banknotes feature images of Mustafa Kemal Atatürk, the founder of modern Turkey and its first president, reflecting his importance in Turkish history and his role in shaping the nation. The reverse sides of the banknotes feature images of historical landmarks, cultural figures, and symbols that highlight Turkey's rich heritage, such as Seljuk architecture and the iconic Anatolian landscapes.

Turkey’s economy is one of the largest in the region, characterized by its diverse industrial base, agriculture, and growing tourism sector. The Turkish Lira plays an essential role in supporting these industries, facilitating domestic trade and international exports. Turkey is a major producer of agricultural products, textiles, and automotive goods, and its location at the crossroads of Europe and Asia makes it a key player in regional trade. Tourism is also an important contributor to the economy, with millions of visitors drawn to Turkey’s historical sites, stunning coastlines, and unique cultural experiences. The value of the Lira is influenced by factors such as monetary policy, political developments, economic growth, and global market dynamics.

The Turkish Lira is used across the country for all types of transactions, from buying fresh produce at local markets to purchasing goods and services in major cities like Istanbul, Ankara, and Izmir. Tourists visiting Turkey will use the Lira for their travel expenses, including exploring famous attractions such as Hagia Sophia, the Blue Mosque, Cappadocia, and the beaches of Antalya. The Lira serves as both a practical currency for daily transactions and a symbol of Turkey’s national identity, cultural richness, and economic aspirations.

Despite facing challenges such as high inflation and currency volatility, the Turkish Lira remains a symbol of resilience for the country. The Turkish government and the Central Bank of the Republic of Turkey have implemented various measures to stabilize the currency and promote economic growth. As Turkey continues to modernize its economy, with an emphasis on infrastructure, technology, and export growth, the Turkish Lira will remain a key part of the nation’s identity and its ambitions for a stable and prosperous future. The Lira embodies the dynamic and enduring spirit of the Turkish people as they navigate both local and global economic challenges.

About The Hong Kong Dollar (HKD)

The HKD - Hong Kong Dollar - is the official currency of the Hong Kong Special Administrative Region of China. The Hong Kong Dollar is symbolized by '$' or 'HK$' to distinguish it from other dollar-denominated currencies. It is abbreviated as 'HKD' and subdivided into 100 smaller units called 'cents.' The Hong Kong Dollar is one of the most traded currencies in the world, reflecting Hong Kong's status as a leading international financial center and gateway to China’s economy.

The Hong Kong Dollar was first introduced in 1863 during British colonial rule, initially pegged to the British Pound. Throughout its history, the HKD has undergone various changes in its exchange rate system, adapting to shifting political and economic conditions. Since 1983, the Hong Kong Dollar has been pegged to the US Dollar under a linked exchange rate system, with a rate of approximately 7.80 HKD to 1 USD. This system is managed by the Hong Kong Monetary Authority (HKMA), which aims to maintain currency stability and support the region’s economic growth by closely controlling the value of the HKD relative to the US Dollar.

The Hong Kong Dollar is issued in both coin and banknote forms, with a unique feature being the issuance of banknotes by multiple banks. Coins are available in denominations of 10, 20, and 50 cents, as well as 1, 2, 5, and 10 Hong Kong Dollars. Banknotes are issued in denominations of 10, 20, 50, 100, 500, and 1,000 Hong Kong Dollars. Unlike many other currencies, HKD banknotes are issued by three authorized banks: HSBC, Standard Chartered Bank, and Bank of China (Hong Kong). Each banknote features its own distinct designs, showcasing Hong Kong's rich heritage, financial strength, and cultural diversity. Despite the different issuers, all banknotes are legal tender and circulate freely throughout the region.

Hong Kong's economy is characterized by its free-market policies, low taxation, and a highly developed financial services sector. The Hong Kong Dollar plays a central role in facilitating the city’s robust trade and finance activities, as Hong Kong is a major hub for commerce, banking, and international investment. The stability of the HKD, under the linked exchange rate system, has helped maintain investor confidence in Hong Kong’s economy and allowed the city to weather various global economic uncertainties. The HKD's peg to the US Dollar has been instrumental in providing stability to the region's financial system, making it an attractive currency for investors looking for exposure to Asian markets.

The Hong Kong Monetary Authority is responsible for managing the Hong Kong Dollar and maintaining the stability of the financial system. The HKMA employs a strict currency board arrangement to ensure that every Hong Kong Dollar in circulation is backed by an equivalent amount in US Dollars, held in reserves. This mechanism ensures that the HKD maintains its value relative to the US Dollar, minimizing exchange rate volatility. The HKMA’s prudent management of the currency and financial system has been key to Hong Kong’s success as an international financial center.

The Hong Kong Dollar is used across the region for all types of transactions, from daily expenses to high-value financial transactions in Hong Kong's bustling commercial districts. Tourists visiting Hong Kong will find the HKD indispensable for exploring the city, whether dining in world-class restaurants, shopping in bustling markets, or visiting iconic attractions such as Victoria Peak, the Star Ferry, and the bustling streets of Mong Kok. The HKD serves as both a practical currency and a symbol of Hong Kong's economic vitality and unique status within the larger Chinese economy.

Despite challenges such as political changes and global economic uncertainties, the Hong Kong Dollar has remained a stable and trusted currency. Hong Kong’s resilience, strategic location, and well-regulated financial system have ensured that the HKD remains a crucial part of the global financial landscape. As Hong Kong continues to play a pivotal role as a financial gateway to mainland China and a bridge between East and West, the Hong Kong Dollar symbolizes the region's adaptability, economic strength, and commitment to financial stability.

Hong Kong Dollar (HKD) Frequently Used Conversions