Why is the Hong Kong Dollar pegged to the US Dollar?
Since 1983 the HKMA has kept the HKD within 7.75–7.85 per USD, so the Hong Kong dollar moves against the yuan mainly via the US Dollar.
HKD → CNY · Live exchange rate
HKD to CNY Currency Converter
Hong Kong dollars to yuan, handy for cross-border trips — type the amount above. The HKD is pegged to the US dollar, so against the yuan it mostly follows the dollar and stays fairly steady. For bigger spending in Hong Kong, a UnionPay card often beats cash.
Common HKD to CNY conversions
Last updated: —
About the HKD to CNY rate
HKD to CNY (Hong Kong Dollar to Chinese Yuan) is widely used for travel and trade between Hong Kong and the mainland. The Hong Kong dollar runs a Linked Exchange Rate System, pegged to the US Dollar within 7.75–7.85 per USD, so HKD/CNY broadly follows USD/CNY. In recent years 1 Hong Kong Dollar has ranged roughly between 0.85 and 0.95 yuan.
Cash or card in Hong Kong?
Small cash can be pre-ordered at a bank; for larger spending, UnionPay/Visa cards settle at the daily rate and most merchants also accept Alipay and WeChat Pay.
What drives the HKD to CNY rate?
Because of the USD peg, it mostly tracks the US Dollar against the Chinese yuan.