0

I know that the RMB is pegged against the USD (and other currencies?), but why is the USD and HKD are not moving as I would expect from other currency pairs? Below is the USDHKD pair on the daily chart, and its pretty much either 7.5 or 7.85. Why? What are the mechanics behind it?

enter image description here

1 Answer 1

4

HKD is pegged to USD in the 7.75-7.85 band. What you're observing is by design and is enforced by the Hong Kong central bank. See here or here.

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .