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Hong Kong Dollar
About The Hong Kong Dollar: The Strong Currency of Hong Kong
Quick Facts About the Hong Kong Dollar Notes
| Country of Origin | Hong Kong - China |
| Symbol | $, HK$ |
| Currency Code | HKD |
| Nick Names | Honkie |
| Minor units | Cent |
| Denominations (Banknotes) | 10, 20, 50, 100, 500 and 1,000 dollars |
| Motto | |
| Identification Feature | The HK$1,000 notes are based on the theme of Skyline of Hong Kong. |
| Issuing Bank | HSBC, the Standard Chartered Bank and the Bank of China (Currency Notes), Hong Kong government (Coins) |
| In Circulation Since | 1863 |
| INR Exchange Rate | 11.1566 |
Since its inaugural minting in 1863 by the British Empire, the Hong Kong dollar has served as the currency of Hong Kong, China's special administrative area. The local currency was reinstated after being taken out of circulation in the former British colony and is now used as legal cash. The unit of currency of the Hong Kong dollar is 100 cents.
The Hong Kong dollar, or HKD, was introduced as the official currency of Hong Kong in 1863. The Hong Kong dollar symbol is HK$ which is used to differentiate the Hong Kong dollar from other dollar-denominated currencies.
The live Hong Kong Dollar rate is INR (11.1566 ) .
History of the Hong Kong Dollar
When the United Kingdom sought to impose a pound-based system on Hong Kong (since the region was a British colony from 1841 to 1941 and a British overseas territory from 1941 to 1997), it failed. People in Hong Kong were hesitant to adopt the strategy, hence it was unsuccessful. So, in 1860, they opened the Hong Kong Mint and issued the first Hong Kong dollars. Beginning in 1863, production halted five years later due to Chinese disapproval of the coins' resemblance to those used by Mexico and Spain 50 years before.
Hong Kong's government formally adopted the usage of the British trade dollar as the city's official currency. A number of British Empire colonies began printing their own money in 1906. Around 1935, Hong Kong and China saw a significant increase in the outflow of silver dollars.
After the Second World War, when Japan conquered Hong Kong, the Japanese yen became the official currency. However, the yen was eventually devalued and replaced by the Hong Kong dollar, which was then pegged to the U.S. dollar in 1972.
In addition to the lower guaranteed limit, on May 18, 2005, the higher guaranteed limit for the Hong Kong dollar was set at HK$7.75 to the US dollar. This was in addition to the lower guaranteed limit. This modification, as stated by the Hong Kong Monetary Authority, was carried out with the intention of bringing Hong Kong's interest rates closer to those of Hong Kong.
The Hong Kong dollar is not a floating currency despite being the ninth most traded currency in the world. It has a fixed, restricted range of exchange rates relative to the US dollar.
Countries Accepting the Hong Kong Dollar
The Hong Kong dollar is the official currency of Hong Kong, and it is used by the citizens of Hong Kong for carrying out everyday financial activities.
Amount in the Hong Kong Dollar You Should Carry for Your Trip
The total price of your vacation to Hong Kong will be influenced by a number of variables, including where you stay, how often you eat out, and how often you take public transit. Spend an average of HK$500 every day on your trip and you'll have enough money left over to buy souvenirs and explore new places. When you factor in the expense of private transportation, meals prepared by Michelin-starred chefs, and stays in five-star hotels, the daily cost of a luxury trip can easily exceed HK$2,706. Depending on where you go and what you do while on vacation, the total cost for you and your companion might be anything from HK$1,000 to HK$6,000.
Hong Kong hotel rooms can cost anything from HK$200 to HK$1,200 per person per night, with the exact cost depending on the room's location, size, and amenities. This seems like a fair estimate of the annual amount in question. Your daily transportation charges may run you anywhere from HK$20 to HK$175, depending on whether you walk, ride the bus, or hail a taxi. The situation would be greatly affected by the mode of transportation you use.
You can check out the Hong Kong dollar rate today in order to enjoy a cost-saving vacation as per the Hong Kong dollar price.
Best Ways to Identify Counterfeit Hong Kong Dollar Notes
There are a few ways through which you can spot the counterfeit Hong Kong Dollar notes:
Large and tiny rings on the metallic thread shift position as the authentic note is tilted at different angles.
The real note has a distinct embossed texture due to the raised printing.
The denomination number is buried in the background but can be revealed when the real note is angled slightly under a bright light.
When held up to the light, details like the bauhinia's flower, leaves, bud, and denomination number emerge in an authentic note.
If you hold a real note up to a UV light source, the front and back designs, which are monochromatic under regular illumination, will glow in two different fluorescent hues. When held up to the light, the denomination number is formed by the intersection of the patterns on the front and back of the note.
Process of Exchanging the Hong Kong Dollar
The process of converting the Hong Kong Dollar to Indian Rupee is immensely easy. Please note that the 1 Hong Kong Dollar to INR value is subject to change so keep an eye on the Hong Kong Dollar rate alert. Below, we have mentioned some of the popular ways to convert Hong Kong Dollars to Rupees.
Internationally-Accepted Card
A multi-currency forex card is counted among the most economical and safest way of carrying the Hong Kong Dollar.
The BookMyForex Multi-Currency card can be loaded in 14 currencies and features zero forex mark-up.
Online Forex Marketplace
The simplest and most cost-efficient way of converting your Hong Kong Dollar is using an online forex marketplace such as BookMyForex, a platform by MakeMyTrip, offering the best conversion rates and currency exchange service. The platform offers a 5-minute fully-digital online process for currency exchange.
Visiting Your Bank
The most traditional way of converting the Hong Kong Dollar to Rupee is by visiting a bank and standing in long queues. It is not only time-consuming but you also end up paying a high cost for making the Hong Kong Dollar convert to Indian Rupees.
Local Money Changers
You can look for an Authorised Dealer Category II or someone who has a money changers licence. Money exchangers offer competitive Hong Kong Dollar exchange rates, and you’d not need a bank account in this case. However, the process of rate haggling can be quite frustrating for those who are looking for an easy way to convert Hong Kong Dollar to INR.
On the other hand,BookMyForex, the online marketplace, offers internationally-accepted forex card and currency notes at the best rates via a convenient online process.
Airport
If you would like to convert the Hong Kong Dollar in India, one of the costliest ways to do so would be to get the Hong Kong Dollar exchanged at an airport due to the exorbitantly high HKD exchange rates. Currency exchange at the airport will prove to be 5%-15% costlier than BookMyForex.
Exchange the Hong Kong Dollar with BookMyForex
BookMyForex, the online forex marketplace by MakeMyTrip, makes it a hassle-free affair for you to convert the HKD to Indian Rupees as well as Indian Rupee to Hong Kong Dollar. Please note that the 1 Hong Kong Dollar to INR value is subject to change so keep an eye on the Hong Kong Dollar rate alert. You should choose MakeMyTrip for currency exchange for the following reasons:
Wide Range of Products
Forex (Currency Notes) - Available in 100+ cities across India, BookMyForex allows you to get your currency notes delivered on the same day or the next day after 100% digital booking.
BookMyForex Multi-Currency - You can load this card in 14 currencies with 0% Forex Mark-up. Once you have booked this card, you can receive it the same day (if booking is made before 1 PM) or the next.
International Travel Insurance - TripMoney also offers international travel insurance at cheapest rates in the market. Also, you can opt for this product if you’d like TripMoney to handle your mandatory travel insurance requirements along with a VISA application.
Travel Loan - With TripMoney, you can avail a travel loan of up to INR 1,00,000 (lifetime limit) for all your travel and holiday needs.
Best Exchange Rates
BookMyForex makes it easy for you to buy Hong Kong Dollar or sell Hong Kong Dollar at live and best exchange rates.
Quick Money Transfer
You can also enjoy quick international money transfers on BookMyForex. The 5-minute digital process offers the best forex rates, and you can receive funds abroad within 12 to 48 hours.
Home Delivery
BookMyForex delivers the Hong Kong Dollars at your doorstep. So, you can simply order and receive your currency from the comfort of your home.
Best Rates to Exchange the Hong Kong Dollar
You’d need to keep an eye on the current currency rates, if you’d like to know the exact value you’d get on converting 1 Hong Kong Dollar in Rupees. The exchange rates keep on fluctuating. BookMyForex, an online forex marketplace by MakeMyTrip, keeps you updated with the live currency exchange rates. You can keep up with the changing value of 1 Hong Kong Dollar in India in real-time on the platform and get the best deal. Currently, 1 HKD is equivalent to 11.1566 INR .
Best Ways to Carry the Hong Kong Dollar
BookMyForex allows you to convert INR to the Hong Kong Dollar at the best exchange rates so that you can carry the Hong Kong Dollars without any hassle. Some of the best ways to carry the Hong Kong Dollar are mentioned below:
Currency Notes
You can buy the US Dollar notes at live and best exchange rates on BookMyForex so that you can be ready for your trip with sufficient cash in your hand.
BookMyForex Multi-Currency Card - 0% Forex Mark-Up
The Multi-Currency Forex Travel Card available on MakeMyTrip with BookMyForex as the co-branding partner comes with 0% forex mark-up over interbank rates.
How to Buy the Hong Kong Dollar at Best Rates - Currency Notes and Cards
Whether you want to buy forex cards and currency notes or sell the Hong Kong dollar, MakeMyTrip makes the entire process quite easy. It doesn’t matter whether you want to convert the Hong Kong dollar to USD, Hong Kong Dollar to HKD or INR to Hong Kong dollar, you only need to follow the below-written steps:
- STEP 01
Select your city from the drop-down list.
- STEP 02
Choose the currency you have and the currency you want.
- STEP 03
Opt for a forex card or currency notes from the list.
- STEP 04
Mention the forex amount. The live currency exchange rate will show up next to it.
- STEP 05
The converted currency amount according to the exchange rate will show up automatically.
- STEP 06
Then proceed with booking your order.
Documents Required to Buy or Sell the Hong Kong Dollar
Here are some important documents mandated by the RBI that you must submit in order to buy or sell the Hong Kong Dollar in India.
Copies of your valid Indian passport
PAN Card
Confirmed air ticket indicating your plan to travel within 60 days
Valid visa (it may not be required for every country)
Different Purposes for Exchanging the Hong Kong Dollar
Private Travel: You can avail of up to HKD 10,000 for a private trip to the Hong Kong.
Studying Abroad: You can purchase foreign exchange of up to HKD 30,000 or up to the estimate shared by your educational institute.
Employment Purpose: In case you have a letter of employment, you can buy foreign exchange of up to HKD 5,000.
Emigration: If you have an emigration visa, you can buy foreign exchange for up to HKD 5,000.
Gift and Donation: You can gift or donate up to HKD 5,000 annually on the basis of self-certification
Medical Treatment: On the basis of self-certification, you can buy foreign exchange of up to HKD 50,000 for medical treatments outside of India. Once the limit is surpassed, you have to provide the estimated expense that would be incurred at the hospital.
Buy and Sell the Hong Kong Dollar Online at Best Exchange Rates
With BookMyForex, the online forex marketplace by MakeMyTrip, you can easily convert your currency. Enjoy unbeatable currency exchange rates and opt for BookMyForex Multi-Currency Cards as well as foreign currency notes. with no forex mark-up. MakeMyTrip also present the real-time value of one Hong Kong Dollar in Indian Rupees so that you can stay updated with the ever-changing Hong Kong Dollar value when converting your money to other currencies.
Home Delivery of the Hong Kong Dollar
In addition to a smooth online process, BookMyForex also delivers the Hong Kong Dollars right at your doorstep. In fact, you can enjoy same-day door delivery. So, you do not have to waste any time visiting a local money exchanger and picking up your money.
Other currencies to INR Conversion
- USD to INR
- EUR to INR
- AED to INR
- THB to INR
- SGD to INR
- KWD to INR
- CHF to INR
- HKD to INR
- SAR to INR
- CAD to INR
- ZAR to INR
- AUD to INR
- JPY to INR
- GBP to INR
- NZD to INR
- MYR to INR
- VND to INR
- BHD to INR
- IDR to INR
- KRW to INR
- NOK to INR
- DKK to INR
- RUB to INR
- LKR to INR
- PHP to INR
- MUR to INR
- BDT to INR
- PLN to INR
Frequently Asked Questions
How do I get cashback after placing my forex order?
Find out more about the cashback offer on your Hong Kong Dollar (HKD) purchase by clicking here.
How much time will it take for HKD to be delivered to home?
Hong Kong Dollar exchanged through currency notes and cards reach your home in a day.
How much HKD can I carry to Hong Kong as a student?
There is no maximum limit for carrying Hong Kong Dollar to Hong Kong, but you can need to declare if you are carrying more than HK$120,000.
What will happen to the leftover Hong Kong Dollar currency when I return from my trip?
You can easily exchange any leftover currency notes or the money left in your Forex card with MakeMyTrip, powered by BookMyForex, once you have returned from your trip.
Can I invest in the Hong Kong Dollar?
Yes, you can invest in the Hong Kong Dollar via mutual funds, ETFs, or ETNs. However, you should keep an eye on market fluctuation and geopolitical concerns.
Will I receive authentic Hong Kong Dollar notes?
Yes. MakeMyTrip offers genuine notes from RBI-licensed companies only.
Is it legally allowed to hold Hong Kong Dollar in India?
While it is acceptable to hold the Hong Kong Dollar up to the amount authorised by RBI, you cannot use this currency for any kind of transaction in India.
What if I run out of the Hong Kong Dollar currency while travelling?
If you are carrying a MakeMyTrip multi-currency Forex card while travelling, then you can easily load it up and receive the money abroad within 48 hours.
What is the Hong Kong Dollar called locally?
The Honk Kong Dollar symbol in formal Cantonese is denoted by the character ‘yun’, and in informal Cantonese, the character ‘mān’ is used. The dollar is divided into 100 cents which is denoted with Cantonese Yale ‘sīn’.
Where else is the Hong Kong dollar used?
Besides Hong Kong, the Hong Kong Dollar is used as an alternate currency in Macau. Today, you can easily check the exchange rate and rate forecasts online.
What commemorative banknotes have been issued for the HKD?
Commemorative banknotes are quite common in HKD and they are often issued on the anniversaries of the individual banks. When the Olympic games were held in Beijing in 2008 and 2022, banknotes were issued to celebrate the occasion. The Hong Kong Dollar price of these notes was HK$150.
Where are the Hong Kong dollar notes issued?
The Hong Kong Monetary Authority licenses three different commercial banks that issue their banknotes. Bank of China, HSBC, and Standard Charter are the banks whose currency notes are used in circulation. The HK$10 note is the same for all banks. Whereas, the Hong Kong Dollar banknotes of HKD 50, 100, 500, and 1000 are different for each bank. The theme remains the same but the design is unique depending on the bank.