The Hong Kong Dollar
The legal tender in Hong Kong is the Hong Kong dollar (HKD), which is pegged to the US dollar at a rate of about 7.80 HKD to 1 USD, although exchange rates may fluctuate slightly. While coins are issued by the Government, interestingly, the issue of Hong Kong banknotes are shared between three commercial banks: HSBC, Standard Chartered Bank and Bank of China. These notes vary in design and colour according to denomination. Find more on Hong Kong’s coins and banknotes here.
|$10||green or purple (the purple note is issued by the Government)|
|$20||dark blue or light blue (old or new)|
|$50||purple or green (old or new)|
|10c||in bronze, circular, small|
|20c||in bronze, circular with wavy edges, small|
|50c||in bronze, circular, medium|
|$1||in silver, circular, thin, large|
|$2||in silver, circular with wavy edges, thin, large|
|$5||in silver, circular, thick, large|
|$10||in bronze and silver, circular, medium|
You can exchange your currency for Hong Kong dollars at any authorised money exchanger. For extra peace of mind, look for a money exchanger that is accredited by the Quality Tourism Services (QTS) Scheme. At Hong Kong International Airport, currency exchange counters are open from early morning until late at night and many located within the city stay open into the evening. ATMs are widespread and operate 24 hours. Exchange rates fluctuate daily depending on currency markets.
Currency converter by yahoo: finance.yahoo.com/currency-converter
Credit Cards And Electronic Payments
International credit cards such as American Express, VISA, Diners Club and MasterCard are also welcome at many hotels, retail shops and restaurants. Some department stores, chain retail shops and restaurants also accept electronic payments such as Apple Pay, Android Pay, Alipay and WeChat Pay. Such premises usually display stickers showing the credit cards and electronic payments they accept at their entrances or at the cash register.
ATMs can be found almost everywhere. Many take international cards and some HSBC ‘Electronic Money’ machines provide 24-hour cash withdrawal (HK$) facilities for Visa and MasterCard holders.