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“The continuous stability of the Hong Kong dollar and the recent inflows are indeed powerful proof of international investors’ confidence in our monetary system and Hong Kong’s investment outlook at this challenging time.”
Robust and resilient
While noting that Hong Kong is a small, open and highly externally-oriented international financial centre, Paul CHAN Mo-po, Hong Kong’s Financial Secretary says currency stability is extremely important. “The Linked Exchange Rate System (LERS) has been serving Hong Kong well since its establishment in 1983, overcoming many crises and weathering many periods of massive fund flows, both in and out, over the years,” says CHAN. He adds the LERS is the bedrock of Hong Kong’s monetary and financial systems, underpinned
by its rule-based characteristics, high level of operational transparency, strong support from the Exchange Fund, healthy fiscal positions of the HKSAR Government, and robustness and resilience of Hong Kong’s banking system. “We see no need and have
no intention to change the LERS,”
the Financial Secretary stresses. The continuous stability of the Hong
Kong dollar and the recent inflows are indeed powerful proof of international investors’ confidence in our monetary system and Hong Kong’s investment outlook at this challenging time.
Ten largest actively traded currencies
十大活躍交易貨幣
Approximate daily trading average volume (US$) 每日大約平均
/ BANKING TODAY / JULY- AUGUST 2020
$2.9 trillion 兆
$1.2 trillion 兆
$554 billion 億
$422 billion 億
$223 billion 億
$166 billion 億
$164 billion 億
$142 billion 億
$117 billion 億
交易量(美元)
$65 billion 億
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Currency
貨幣
Source 資料來源: EverFX, May 2020
US Dollar USD
美元 Euro EUR
歐元
Japanese Yen JPY
日元
Pound Sterling GBP
英鎊
Australian Dollar AUD
澳元
Canadian Dollar CAD
加元
Swiss Franc CHF
瑞士法郎
Chinese Renmimbi CNH
人民幣
Hong Kong Dollar HKD
港元
New Zealand Dollar NZD
紐西蘭元