HKMA sells HK$2.01b to support currency

Friday, October 09, 2020

The strong-side convertibility undertaking of HK$7.75 to US$1 under the Linked Exchange Rate System was triggered today during European trading hours. The HKMA sold HK$2.015 billion to the market in exchange for US dollars, and the aggregate balance will increase to HK$277.048 billion next Tuesday.