The currency used in Hong Kong is the Hong Kong Dollar (official code: HKD), commonly symbolized as $ or HK$ to distinguish it from other dollar-based currencies like the US dollar.
Here are some beautiful examples of Hong Kong dollar banknotes and coins in circulation today:
These notes (ranging from HK$10 to HK$1,000) and coins (10 cents to HK$10) feature intricate designs reflecting Hong Kong’s culture, iconic landmarks, and wildlife.
A Unique Currency in a Global Financial Hub
Hong Kong has used its own dollar since the 19th century. Established as a British trading port in 1841, the city initially saw a mix of foreign coins and notes. By 1863, the Hong Kong dollar emerged as a distinct currency, and today it stands as one of the world’s most traded and stable currencies.
What makes the HKD truly special is its Linked Exchange Rate System (in place since 1983), which pegs it tightly to the US dollar at approximately 7.75–7.85 HKD per 1 USD. This arrangement, managed by the Hong Kong Monetary Authority (HKMA), provides remarkable stability — even as global markets fluctuate, the rate has remained rock-solid for decades, making Hong Kong a trusted international financial center.
As of late 2025, the exchange rate continues to hover steadily around 7.77–7.78 HKD per USD, with occasional HKMA interventions to defend the peg.
Everyday Use in Hong Kong
In daily life across Hong Kong’s vibrant streets, markets, and malls, the HKD is the only official currency accepted everywhere. While some tourist-oriented shops might accept US dollars, euros, or even Chinese yuan (RMB), you’ll almost always get the best value paying in local dollars.
Cash remains popular at wet markets, street food stalls, and small vendors, though contactless payments, mobile apps, and cards (including the famous Octopus card) dominate in most places.
Here are some lively scenes of Hong Kong’s famous street markets, where HKD changes hands constantly:
These bustling markets showcase how the Hong Kong dollar fuels everyday commerce in one of the world’s most dynamic cities.
Why the HKD Matters Globally
Hong Kong’s currency isn’t just for local use — it’s also widely accepted in neighboring Macau (where it’s often preferred over the local pataca). As one of the top-ten most traded currencies worldwide, the HKD reflects Hong Kong’s role as a gateway between China and the global economy.
Whether you’re admiring the glittering skyline of Victoria Harbour or bargaining at a night market, the Hong Kong dollar is the heartbeat of this extraordinary city — stable, reliable, and deeply woven into its identity as a global financial powerhouse.
So next time you see that familiar HK$ symbol, you’ll know you’re holding a piece of one of the world’s most resilient currencies!
