Skip to main content

HKMA buys HK dollar for first time in 13 years

HKMA chief says central bank is “fully capable” of defending local currency

HKMA
The HKMA

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.

The

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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 individual account

.