Convert EUR to HKD
The EUR/HKD currency pair experiences volatility on the release of economic data from the Eurozone, and slight movement on the release of economic data from Hong Kong as well, including GDP, inflation, trade balance, retail sales, unemployment rate, exports and imports.
Both the EUR and the HKD see changes in the value on the release of announcements related to the monetary policy and interest rates by the European Central Bank (ECB) and the Hong Kong Monetary Authority (HKMA). For instance, if the ECB hikes interest rates or tightens its monetary policy, the EUR strengthens, causing this currency pair to trade bullish, and vice versa.
The EUR/HKD forex pair experiences maximum volatility through the Asian as well as European sessions, giving forex traders a wide window of time to trade. Movement in this pair is highest between 11:00 PM and 04:00 PM GMT.