Hong Kong is a place where East and West meet. It is located in southeast China and was a British Colony for 150 Years. Now it belongs to China. This has created a unique relationship. Even Hong Kong’s currency is called the Hong Kong dollar (HKD). Although Asian traders may be more comfortable with trading the Hong Kong Dollar, it is still not as popular in comparison to major currencies that are traded every day on the global markets. However, Hong Kong’s economy is resilient with the city remaining one of the economic power hubs in the Asian continent.
Table of Contents
- Hong Kong Dollar (HKD), Hong Kong economy
- What do Analysts think of the Hong Kong Dollar?
- Trading the Hong Kong Dollar and Risk Management
We will discuss in this blog some interesting facts about trading the Hong Kong dollar, and how the policies that are implemented affect it.
Hong Kong Dollar (HKD), Hong Kong economy
Hong Kong was British colony between 1841 and 1997. The UK government agreed in 1997 to transfer the whole territory to China after the New Territories lease expired. Hong Kong was made a Special Administrative Region (SAR) at least until 2047. Some people say that Hong…