Wednesday, January 18, 2017 7:55 AM
Currencies rates online for Hong Kong Dollar (HKD) to Chinese Renminbi (CNH).
Forex data is updating every 5 minutes.
In order to convert currencies, please go to Chinese Renminbi (CNH) 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 Chinese renminbi (symbol: ¥; currency code: CNY, CNH – when traded in Hong Kong –) is the official currency of the People’s Republic of China. It is often abbreviated as RMB or CN¥, to distinguish between it and other currencies with the same symbol. The basic unit of the renminbi is the yuan, which is often employed to refer to the Chinese currency in general. One (1) yuan is equal to ten (10) jiao, and one (1) jiao is equal to ten (10) fen.
The renminbi is issued by the People’s Bank of China and, as of 2015, is the fifth most heavily traded currency in the world.
During the Republic of China era, several different currencies were in circulation. These were replaced by one currency in 1948, issued by the People’s Bank of China after the Communist Party of China gained greater control. This currency eventually came to be known as the renminbi in 1949.