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Hong Kong · Central bank · HKD

Hong Kong Monetary Authority (HKMA)

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Defends the Hong Kong dollar’s peg to the US dollar.

How the HKMA moves the HKD

A central bank sets the interest rate on its currency. Traders compare that rate with the rates of other central banks; the wider the gap, the stronger the pull of money towards the higher-yielding currency. That is why the minutes before a HKMA decision are among the most volatile of the month for the HKD. Book I and Book II of the ForeXistenZ trilogy show how to prepare for these days — and when to stay out.

SeatHong Kong, Hong Kong SAR
CurrencyHKD
Watched through—
Official sitewww.hkma.gov.hk

Frequently asked

What does the Hong Kong Monetary Authority do?

Defends the Hong Kong dollar’s peg to the US dollar.

Where is the Hong Kong Monetary Authority?

The Hong Kong Monetary Authority (HKMA) is in Hong Kong, Hong Kong SAR.

Why do forex traders watch the HKMA?

Interest rates are the price of a currency. When the HKMA raises or cuts rates — or only hints at it — money moves into or out of the HKD, and HKD reacts within seconds.

Where are the HKMA’s decisions published?

Official decisions, statements and the meeting calendar are published on https://www.hkma.gov.hk.

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PBOC

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Beijing, China — Sets the daily reference rate of the yuan and is one of the world’s biggest buyers of gold.

BOK

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BOJ

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BI

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RBI

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