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As HKD Hits Weak-side Convertibility Undertaking, HKMA Buys HKD Amounting to HKD9.42B
Due to the HKD hitting the weak-side convertibility undertaking, the Hong Kong Monetary Authority (HKMA) intervened in the market for the first time since 2023, purchasing the HKD ...
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As HKD Hits Weak-side Convertibility Undertaking, HKMA Buys HKD Amounting to HKD9.42B
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Due to the HKD hitting the weak-side convertibility undertaking, the Hong Kong Monetary Authority (HKMA) intervened in the market for the first time since 2023, purchasing the HKD in an amount of HKD9.42 billion.

This intervention by the HKMA highlighted its crucial role in maintaining exchange rate stability. The total balance of the Hong Kong banking system will drop to HKD164.098 billion on Friday (27th).

Related NewsSpot USD/CNY Gains 29 bps to Close at 7.1684

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