Thursday, March 23, 2017 2:27 PM
Currencies rates online for Hong Kong Dollar (HKD) to Canadian Dollar (CAD).
Forex data is updating every 5 minutes.
In order to convert currencies, please go to Canadian Dollar (CAD) to Hong Kong Dollar (HKD).
The currency converter uses the latest Forex exchange rates.
The Hong Kong dollar (symbol: $; currency code: HKD) is the official currency of Hong Kong. It is sometimes abbreviated as HK$ to distinguish between it and other dollar-denominated currencies. One (1) Hong Kong dollar is equal to one hundred (100) cents.
The dollar is in use in Hong Kong and Macau and is issued by the Government of Hong Kong, HSBC, Standard Chartered, and the Bank of China. It is among the most heavily traded currencies in the foreign exchange market.
The Hong Kong dollar was adopted in 1935, after Hong Kong abandoned the silver standard.
The Canadian dollar (symbol: $; currency code: CAD) is the official currency of Canada. To distinguish between it and other dollar-denominated currencies, the Canadian dollar is sometimes abbreviated as C$. One (1) Canadian dollar is equal to one hundred (100) cents.
The Canadian dollar is widely referred to by Canadians as the “loonie”, a term which forex traders and analysts also employ. This is due to the image of a loon on the one-dollar coin. The Canadian dollar is the fifth largest reserve currency in the world, behind the U.S. dollar, the euro, the Japanese yen and the pound sterling, and the seventh most traded currency in the forex market.
The Canadian dollar was preceded by the Canadian pound, which was introduced in 1841. A widespread need to adopt a decimal monetary system based on the U.S. dollar due to the proximity of the two countries and the increasing trading activities between the two lasted for years, before the Canadian dollar was eventually introduced in 1858. The Canadian Parliament passed the Uniform Currency Act in April 1871 to replace the currencies of all provinces with a common Canadian dollar.