Convert Hong Kong Dollar to Chinese Yuan
Please provide values below to convert Hong Kong Dollar [HKD] to Chinese Yuan [CNY], or Convert Chinese Yuan to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Chinese Yuan
1 HKD = 1.09421653493915 CNY
Example: convert 15 HKD to CNY:
15 HKD = 15 × 1.09421653493915 CNY = 16.4132480240873 CNY
Hong Kong Dollar to Chinese Yuan Conversion Table
| Hong Kong Dollar | Chinese Yuan |
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Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).