1 Russian Ruble to Hong Kong Dollars

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

Countries That Use Russian Ruble (RUB) as their official currency

The Russian Ruble (RUB) is used as the main currency in the following countries: Russia, South Ossetia

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

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

About The Russian Ruble (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.

About The Russian Ruble (RUB)

The RUB - Russian Rouble - is the official currency of the Russia in Europe. There are 100 kopek in each 1 Rouble ( its sub-unit ). The symbol for RUB is руб. The ruble or rouble is the currency of the Russian Federation and the two self-proclaimed republics of Abkhazia and South Ossetia. Formerly, the ruble was also the currency of the Soviet Union and the Russian Empire prior to their breakups. Currently there is no official symbol for the rub

Russian Ruble (RUB) Frequently Used Conversions