Buy, Sell or Transfer Hong Kong Dollar (HKD) in India at the best exchange rates
The Hong Kong currency is the 13th most traded currency in the world. Being Hong Kong’s official currency, the Hong Kong Dollar is also used in neighboring Macau. The Hong Kong currency is in the subdivision of 100 cent or 10 hou. The Hong Kong currency is pegged to the US Dollar at a rate of about 7.80 HKD to 1 USD. The governmental currency board – the Hong Kong Monetary Authority has distributed the currency issuance licenses to three commercial banks - Standard Chartered, Bank of China and HSBC. This in total divides the banknote circulation arrangement among four different note issuers. A bank can issue a Hong Kong Dollar only if it has the equivalent exchange in US dollars on deposit.
The Hong Kong Dollar stood as the 13th most traded currency globally by April 2016. Other than Hong Kong, it currency is also widely used in the Macau along its own official currency of Macau Pataca. The HKD is in the subdivision of 100 cent or 10 hou however since the year 1995 the cents have no longer been circulation and only the subunit of hou is available.
The coins that are issued and circulated are hou 1, 2, 5 and HKD 1, 2,5 and 10; the bank note that are issued and circulated are HKD 10, 20, 50, 100, 150, 500 and 1000.
nation that unofficially use the hong kong dollar as a part of their legal tender:
How to buy forex online?
To find the latest INR to HKD or Hong Kong Dollar rate, simply visit the Thomas Cook website. Customer feedback rates Thomas Cook as the best currency converter in India and the one-stop-shop for foreign currency exchange and customized tour packages.