- CFDs & Forex Trading | Regulated Online Trading
- About Us
- Trading
- Platforms
- Resources
- Partners
- Research
Search
×
Forex Full Course
Get started quickly with our free forex trading course for beginners to level up on your trading knowledge.
Apply now to start trading
| Symbol | USDHKD |
| Name | US Dollar vs Hong Kong Dollar |
| Quote Currency | HKD |
| Monday Open | 00:05 |
| Friday Close | 23:59 |
| Session Break | 00:00-00:05 |
| Limit and Stop Level | 0 |
| Execution | Market |
| Trading Platform | MT5, Mobile App, WebTrader |
| Sector | Forex |
ZERO Deposit Fees
Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.
Global Market Access
Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.
Sub 30ms Latency Trading
Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.
€20,000 Protection per Claim
Clients are protected by the independent Financial Commission's Compensation Fund.
Choose from multiple trading options based on your preference of order types, indicators, charting tools, style of trading and operating environment.
The USDHKD Forex pair juxtaposes the USD, the world’s primary reserve currency embodying the economic strength of the United States, against the HKD, a currency that represents Hong Kong’s status as a global financial center and a gateway to China. Hong Kong’s unique position as a special administrative region of China, with its own economic and legal system, makes this pair particularly intriguing.
US Economic Indicators:
The value of the USD is influenced by a range of factors including GDP growth, inflation rates, unemployment figures, and the Federal Reserve's monetary policies.
Hong Kong’s Financial Stability:
Hong Kong’s economic policies, trade relations, and its role as a financial intermediary between China and the rest of the world play a crucial role in the HKD's performance.
Linked Exchange Rate System:
The HKD operates under a unique Linked Exchange Rate System, pegged to the USD, which keeps its exchange rate within a narrow band. This peg influences the USDHKD trading dynamics significantly.
Global Economic Sentiment:
The pair is also affected by shifts in global economic conditions, market sentiment, and geopolitical developments, particularly those related to China.
Trading the USDHKD pair in CFDs requires an understanding of both American and Hong Kong economies, as well as the implications of the pegged exchange rate
Monitoring Economic Data
Staying informed about key economic data releases from both the United States and Hong Kong is essential for anticipating market movements.
Understanding the Peg System
Knowledge of Hong Kong’s Linked Exchange Rate System and how it operates can provide valuable insights into USDHKD trading strategies.
Technical Analysis
Employing technical analysis tools can aid in identifying market trends, support and resistance levels, and potential trading opportunities.
Risk Management
Given the unique nature of the USDHKD pair, especially in light of the peg system, implementing effective risk management strategies is crucial.
Start trading USD/HKD now!
The USD/HKD pair is primarily influenced by the monetary policies of the Hong Kong Monetary Authority (HKMA) and the U.S. Federal Reserve. Since the HKD is pegged to the USD, the exchange rate remains within a tight band, and HKMA’s interventions to maintain this peg are a significant factor.
The Hong Kong Dollar is pegged to the U.S. Dollar within a tight range, usually around 7.75 to 7.85 HKD per USD. The HKMA maintains this peg by buying and selling the HKD to ensure it stays within this range.
For traders, the peg means that the USD/HKD pair has lower volatility compared to other currency pairs. It’s generally considered a less speculative and more stable pair but can be sensitive to changes in U.S. monetary policy or significant political events affecting Hong Kong.
Since the HKD is pegged to the USD, interest rate decisions by the U.S. Federal Reserve can have an indirect impact on Hong Kong’s monetary policy. To maintain the peg, Hong Kong often aligns its interest rates with those of the United States.
Yes, geopolitical events, particularly those impacting the U.S. or Hong Kong, can affect USD/HKD trading. While the peg provides stability, significant political or economic events can lead to increased market interest in the pair.
As Hong Kong is a special administrative region of China, economic developments in China can indirectly affect the USD/HKD pair, particularly in terms of trade flows and financial market sentiment.
New traders should be aware of the currency peg and its implications, understand the economic fundamentals of the U.S. and Hong Kong, and be mindful of major economic or political events that could impact the pair. Given its lower volatility, the USD/HKD might not offer the same trading opportunities as more fluctuating pairs.
While the peg generally reduces volatility, traders should still practice prudent risk management. It’s important to be aware of events that could test the boundaries of the peg or lead to significant interventions by the HKMA.
Beginner or Advanced? View our full suite of tools and resources to help traders of all levels.
Get started quickly with our free forex trading course for beginners to level up on your trading knowledge.
Evaluate your risk, monitor profit or loss for each trade & estimate trading costs with our full suite of calculators.
Follow high impact news and events for the financial markets including the latest economic data.
Stay up to date with the latest fundamental and technical analysis from the Baxia Markets Analyst team.
Find answers to common questions and topics related to trading with Baxia Markets and the trading platforms.
View our collection of free educational resources to help you become a profitable trader and learn risk management.
More than 1000 CFD instruments to trade on multiple asset classes with one broker.
Forex
Precious Metals
Crypto CFDs
Energy
Indices
Commodities
Shares
BAXIA LIMITED
BAXIA GLOBAL LIMITED
Join the community
Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
Baxia Holdco Ltd, a company incorporated in the Republic of Cyprus with registration number ΗΕ 413062, at 4 Agiou Georgiou Makri, 6037 Larnaca, Cyprus, is a Paying Agent of Baxia Global Ltd. All payments related to Paysafe and other companies are processed by Baxia Holdco Ltd.
Baxia Markets is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Baxia Markets clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Markets does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, Crimea, Donetsk, Luhansk, Palestine, Yemen and North Korea.