Hong Kong dollar
Historical exchange rates

Hong Kong dollar

Section Title: Historical exchange rates
Table Section Text: None

Period	Exchange rate regime	Features

1863–1935	Silver Standard	Silver dollars as legal tender

December 1935 – June 1972	Sterling exchange	Standard exchange rate: £1:HK$16 (December 1935 – November 1967) £1:HK$14.55 (November 1967 – June 1972)

July 1972 – November 1974	Fixed exchange rate against the US dollar	Exchange rate: US$1:HK$5.650 (June 1972 – February 1973) US$1:HK$5.085 (February 1973 – November 1974)

November 1974 – October 1983	Free floating	Exchange rates on selected days: US$1:HK$4.965 (25 November 1974) US$1:HK$9.600 (24 September 1983)

1983 – present	Linked exchange rate system	US$1:HK$7.80 (1983–1998) (for issue and redemption of Certificates of Indebtedness) US$1:HK$7.75 (1998–2005) (The HKMA undertakes to convert the HK dollars in licensed banks’ clearing accounts maintained with the HKMA into US dollars at the fixed exchange rate of HK$7.75 to US$1.

Sentence(s)

The Hong Kong dollar was revised to HK$5.085 = US$1 in 1973.

final_sentence: The Hong Kong dollar was revised to HK$5.085 = US$1 in 1973.