1 EURO to Hong Kong Dollars

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

Countries That Use Euro (EUR) as their official currency

The Euro (EUR) is used as the main currency in the following countries: Akrotiri and Dhekelia, Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Latvia, Luxembourg, Malta, Monaco, Montenegro, Portugal, San Marino, Slovakia, SloveniaSpain, Vatican City, Netherlands

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 Euro (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 Euro (EUR)

The EUR - Euro - is the official currency of the Eurozone, which consists of 20 of the 27 member states of the European Union (EU). It is symbolized by '€' and is abbreviated as 'EUR.' The Euro is the second most traded currency in the world, after the US Dollar, and is used by over 340 million people across Europe. The Euro plays a crucial role in unifying European economies, promoting trade, and providing financial stability across the member nations. The name 'Euro' was officially adopted in 1995, and the currency was introduced in 1999 for electronic transactions, with physical banknotes and coins entering circulation in 2002.

The introduction of the Euro marked a significant step toward European integration, enabling easier trade and travel between member countries. It replaced national currencies such as the Deutsche Mark, French Franc, Italian Lira, and Spanish Peseta, among others. The adoption of a single currency aimed to eliminate exchange rate fluctuations, reduce transaction costs, and strengthen economic ties within the European Union. The Euro is managed by the European Central Bank (ECB), which works alongside the national central banks of the Eurozone countries to formulate and implement monetary policy, maintain price stability, and support economic growth.

The Euro is issued in both coin and banknote forms, each of which is uniform across the Eurozone. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as 1 and 2 Euro coins. Each coin has a common European design on one side and a country-specific design on the other, reflecting both unity and the unique national identities of the member countries. Banknotes are issued in denominations of 5, 10, 20, 50, 100, 200, and 500 Euros, although the 500 Euro note is being gradually phased out due to concerns over its use in illegal activities. The banknotes feature architectural styles from different periods of European history, symbolizing openness, cooperation, and progress across the continent.

The Euro plays a key role in international trade, not only within Europe but globally. Many countries outside of the Eurozone use the Euro as an anchor currency or hold significant reserves of it due to its stability and importance in global finance. The Euro's value is influenced by a wide range of factors, including monetary policy decisions by the ECB, economic data from major Eurozone countries, political stability, and international trade dynamics. The Eurozone's collective economic strength, which includes major economies like Germany, France, Italy, and Spain, helps to sustain the Euro's position as a dominant global currency.

The Euro is used in everyday transactions across the Eurozone, from buying groceries in local markets to paying for services and travel across borders. Tourists traveling throughout Europe benefit significantly from the Euro, as it eliminates the need for currency exchange between member states, making travel and commerce more convenient. The adoption of the Euro has helped create a sense of shared European identity and has made it easier for citizens to work, live, and study across different countries within the Eurozone.

Despite its many benefits, the Euro has faced challenges since its introduction, particularly during the European debt crisis of the early 2010s, which exposed the difficulties of having a shared currency without full fiscal integration. The crisis led to the introduction of stricter fiscal rules and the establishment of financial safety nets, such as the European Stability Mechanism (ESM), to support struggling economies and maintain financial stability. The Euro has since demonstrated its resilience, adapting to economic challenges and continuing to serve as a symbol of European unity, cooperation, and economic strength.

Today, the Euro remains a vital part of the global financial system, representing not only the economic power of the Eurozone but also the vision of a united Europe. It stands as a testament to the collective aspirations of the member nations to foster economic growth, enhance cooperation, and ensure financial stability for all. The Euro is more than just a currency; it is a powerful symbol of European solidarity and integration, embodying the ideals of a continent that values openness, progress, and shared prosperity.

Euro (EUR) Frequently Used Conversions