What currency is HKD?

HKD is the currency code for the Hong Kong dollar. It is the official currency of Hong Kong and is widely used in the region for financial transactions, trade, and investment. The Hong Kong dollar is managed by the Hong Kong Monetary Authority and is pegged to the US dollar within a narrow trading band. It is also used as a reserve currency and is freely convertible in the global foreign exchange market. The Hong Kong dollar is denoted by the symbol "$" or by the abbreviation "HK$" to distinguish it from other dollar currencies. In finance, the HKD is traded in the foreign exchange market, and its value fluctuates based on economic factors, market conditions, and government policies. It is an important currency for international businesses and investors operating in the Asia-Pacific region.