hong kong dollar

Thân thiện

A shopkeeper counts Hong Kong dollar bills at a cash register.

Definition

1. Noun:
   • The basic unit of money in Hong Kong: The Hong Kong dollar is the official currency of the Hong Kong Special Administrative Region of the People's Republic of China. It is subdivided into 100 cents.

Usage

• The Hong Kong dollar is used for all financial transactions within Hong Kong, including pricing goods, services, and assets.
• Its value fluctuates against other major world currencies on the foreign exchange market.
• The currency code is HKD, and the symbol is $ or HK$.

Examples

• Noun:
  • The price of the souvenir is fifty Hong Kong dollars.
  • You can exchange your US dollars for Hong Kong dollars at the airport.
  • The company's earnings were reported in Hong Kong dollars.

Advanced Usage

• "pegged to the US dollar": A common phrase describing the Hong Kong dollar's monetary policy. Since 1983, the Hong Kong dollar has been pegged to the US dollar within a narrow trading band.
  • The stability of the Hong Kong dollar is maintained because it is pegged to the US dollar.

Variants and Related Words

• HKD: The standard three-letter currency code (ISO 4217) for the Hong Kong dollar.
  • The transaction amount was 1,000 HKD.
• Cent: A subdivision of the Hong Kong dollar; 100 cents equal one Hong Kong dollar.
  • The bus fare costs five Hong Kong dollars and forty cents.

Synonyms

• Currency of Hong Kong: A descriptive synonym.
• HK$: A common written symbol representing the currency.

Related Terms (Not Phrasal Verbs)

• Linked exchange rate system: The official term for the currency board system that maintains the peg between the Hong Kong dollar and the US dollar.
• Monetary Authority: Refers to the Hong Kong Monetary Authority (HKMA), which is responsible for maintaining the stability of the Hong Kong dollar.

Học thuật

Noun

1. the basic unit of money in Hong Kong

Từ đồng nghĩa

• hong kong dollar