HKD macro coverage

Hong Kong Economic Indicators

Hong Kong dollar — pegged to the US dollar within a tight 7.75–7.85 trading band.

The Hong Kong dollar (HKD) is the official currency of Hong Kong. Since 1983 it has operated under a Linked Exchange Rate System against the US dollar, and since 2005 it has traded within a 7.75–7.85 convertibility band managed by the Hong Kong Monetary Authority.

Hong Kong macro brief

Use this hub as the starting point for Hong Kong macro series, release history, and API endpoint documentation.

The Hong Kong Monetary Authority (HKMA) does not run an independent interest-rate policy. Instead it defends the USD/HKD peg with currency-board mechanics — buying HKD at 7.75 and selling at 7.85 — which means HKD interest rates closely track those of the Federal Reserve.

The pages below are organized by indicator rather than API route. That keeps the public website useful for research while still preserving direct links into the versioned API documentation for developers.

What to watch
  • USD/HKD spot and HKMA convertibility undertakings.
  • 1-month and 3-month HIBOR.
  • HKMA aggregate balance.
  • Federal Reserve policy decisions.
  • Hong Kong CPI and trade balance.

Key Hong Kong indicators

The highest-signal country pages for rates, inflation, growth, labour markets, and external balances.

All Hong Kong indicator pages

Filter by indicator name, source, cadence, or category.

HKD market drivers

Evergreen macro forces to keep beside the country data table.

Driver 1

USD/HKD position within the 7.75–7.85 convertibility band.

Driver 2

Federal Reserve policy and US dollar funding conditions.

Driver 3

HIBOR-LIBOR / HIBOR-SOFR spreads and aggregate balance.

Driver 4

Capital flows, IPO issuance, and dividend-payout cycles.

Driver 5

Hang Seng Index moves and southbound Stock Connect flows.

Driver 6

Geopolitical risk and the China growth outlook.