Hong Kong’s currency has been hovering near the lower limit of its trading band since April as local borrowing costs remain higher than those on the US dollar and as capital flows into the city.
Historically, the Hong Kong Dollar reached an all time high of 8.70 in September of 1983. Hong Kong Dollar - data, forecasts, historical chart - was last updated on July of 2020.
The Hong Kong Dollar is expected to trade at 7.75 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.75 in 12 months time.