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109.4015

HKMA Background Brief No. 1
Hong Kong's Linked Exchange Rate System (Second edition)

Since 1983 the Hong Kong dollar has been linked to the US dollar at the rate of HK$7.8 to one US dollar. The Link is maintained through the operation of a strict and robust Currency Board system. This booklet explains the workings of the Link, the background to its introduction, and the benefits and limitations it brings to Hong Kong's economy.

Hong Kong's Linked Exchange Rate System is the first of a series of HKMA Background Briefs designed to explain the workings of Hong Kong's monetary and banking systems. Other Background Briefs in the series cover banking, financial infrastructure, and other HKMA-related issues.

Cover
  • Available in bilingual format
  • Price:
    HK$20 (local including postage)
    US$6 (non-local including postage)
    Order form
  • Full text (PDF File, 475KB)

Table of contents

Hong Kong's Linked Exchange Rate System (First edition, November 2000) (PDF File, 513KB)

Last revision date: 15 August 2011
ABOUT THE HKMA
The HKMA
Tender Invitations
Careers@HKMA
Legislative Council Issues
Links
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KEY FUNCTIONS
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inSight
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Be Careful of Bogus Phone Calls and SMS Messages
Authenticate the Callers and Bank Hotline Numbers
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Investment Products Related to Lehman Brothers
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