Foreign Currency Fixed Deposit Learn MoreFeatures Details Tool Rate Enquiry Market Commentaries Eligibility You must hold a Deposit Account Minimum Deposit Balance is HKD10,000 or equivalent Act Now Product Enquiry / Enquiry of Promotion Scan the QR Code below* ...
Customer SegmentNew Funds AmountTenorInterest Rate (p.a.) Elite Club/E-Age/Integrated accountHKD100,000 to HKD800,0003 months3.58% *The above preferential fixed deposit interest rates (p.a.) are based on the interest rates (p.a.) announced by the Bank as of 2 October 2024 and for refe...
One of the key roles of the HKMA is maintaining currency stability. Thelinked exchange rate systemis designed to stabilize the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). Thefixed exchange rate systemseeks to maintain parity with the USD within a tight...
As a result, the Hong Kong Mint was founded in 1860, and the HKD was created. The process began in 1863 but was disrupted five years later as the Chinese refused to approve the coins, which looked similar to the Spanish and Mexican coins. The HKD was pegged to the US dollar’sgold s...