1 USD to HKD - Convert US Dollar to Hong Kong Dollar

Over the last 7 days, the USD to HKD exchange rate moved between 7.6273 and 8.0668. The average rate for the week was 7.8499, with a volatility of 2.15%. The US Dollar weakened against the Hong Kong Dollar by 2.6% during this period.

Looking at the 30-day window, the USD/HKD pair traded in a range of 7.5900 to 8.0521. The monthly average was 7.8191 with 1.65% volatility. The relatively low volatility indicates stable trading conditions for the USD/HKD currency pair.

The current mid-market exchange rate is 1 USD = 7.8369 HKD, updated as of June 4, 2026, 9:04 PM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

US Dollar to Hong Kong Dollar Exchange Rate

The Hong Kong dollar has been pegged to the US dollar since 1983 under a linked exchange rate system maintained by the Hong Kong Monetary Authority (HKMA). The rate is fixed within a narrow band of 7.75 to 7.85 HKD per USD, making it one of the most stable and predictable currency pairs in the world. This peg has survived the Asian financial crisis, SARS, the 2008 global financial crisis, and major political changes in Hong Kong without breaking.

The Peg That Survived Everything

Hong Kong's currency peg has been tested multiple times but never broken. During the 1997 Asian financial crisis, speculators including some of the same hedge funds that broke the Bank of England attacked the Hong Kong dollar aggressively. The HKMA fought back by buying HKD, raising overnight interest rates to 300%, and directly purchasing stocks on the Hang Seng index to punish short sellers. It worked. The peg held. In 2020, amid political tensions and capital flow concerns, the HKD actually hit the strong end of the band at 7.75, forcing the HKMA to sell HKD and buy dollars. The system is backed by over $400 billion in foreign reserves, giving Hong Kong one of the highest reserve-to-GDP ratios in the world. Breaking this peg would require a deliberate policy decision, not just market pressure.

What Drives the USD/HKD Rate

Within the 7.75-7.85 band, the rate moves based on Hong Kong-US interest rate differentials and capital flows. When US rates rise above Hong Kong rates, money flows out and USD/HKD moves toward 7.85. When capital flows into Hong Kong stocks or property, HKD strengthens toward 7.75. The HKMA automatically intervenes at both edges of the band.

What a Conversion Really Costs

The fixed band means spreads are extremely tight. Banks charge 0.2-0.8%. Money changers in Hong Kong's Tsim Sha Tsui and Central districts offer rates within 0.1-0.3% of mid-market. For the millions of tourists visiting Hong Kong and businesses trading through the city, the peg provides certainty that few other Asian currencies offer. Transaction costs are among the lowest in the region.

How to Get the Best USD to HKD Rate

With such a tight peg, the rate barely matters. Focus entirely on fees and markup. In Hong Kong, money changers in Chungking Mansions and commercial areas beat banks consistently. For wire transfers, the spread is so small that most providers offer near-identical rates. The real savings come from avoiding unnecessary wire fees rather than chasing a better exchange rate.