HKMA buys HK dollar for first time in 13 years


The Hong Kong Monetary Authority has bought Hong Kong dollars for the first time since the current trading band was introduced in 2005.

On April 12 during the London trading hours, the Hong Kong dollar sank to 7.85 per US dollar, its weakest level in 35 years, triggering the HKMA’s weak-side convertibility undertaking (CU). The HKMA bought HK$816 million ($104 million) from the currency market. On the morning of April 13, during US trading hours, the HKMA bought another HK$2.442 billion.


To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: