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Not sure what you mean about interventions in the HKD. The HKD is pegged against the USD and it's been that way since the poms were still in power and HK was a
by yskchu 10y ago
Not sure what you mean about interventions in the HKD. The HKD is pegged against the USD and it's been that way since the poms were still in power and HK was a colony.
Specifically, since 1983, it has been pegged to the current rate.
- seanmcdirmid 10y agoHKD is basically the US dollar at this point, and it is fully convertible. Less risk than the RMB, which you should only hold to do biz in China or if you are resident there.
- akhatri_aus 10y agoThere were interventions in HIBOR last year that leaked into the HKD overnight rates. In effect lots of businesses ended up paying to help China stop currency outflows.