Convert EUR to HKD - Euro to Hong Kong dollar Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/HKD EXCHANGE RATE
The EUR/HKD symbol denotes the currency pair which trades the Euro against the Hong Kong dollar in the forex market. The Euro is the official currency used across 17 out of 27 member nations of the European Union and is considered the second most popular currency traded by forex traders globally, next only to the US dollar. Its high liquidity and trading volume as well as the perceived strength and stability of the Eurozone economy also afford the EUR a reserve currency status.On the other hand, the Hong Kong dollar is the official currency in use across Hong Kong. Since May 2005, the value of the HKD has been loosely pegged to the USD, allowing it to trade between 7.75 HKD and 7.85 HKD against 1 USD. This move ensures that the interest rates maintained by Hong Kong remain similar to that enforced by the Fed in the US, and also prevents the use of the HKD as a proxy for speculation on revaluation of the Chinese renminbi.The exchange rate of the EUR/HKD experiences considerable fluctuations when markets trade with a risk-on sentiment. An improvement in the risk appetite among traders and investors drives greater interest in emerging market currencies such as the Hong Kong dollar, and away from the safer major currencies like the US dollar as well as the Euro.
EUR to HKD CONVERSION RATES
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<% amount / currencies.converter.rate |toFixed: 4 %> EUR
EUR to HKD CHARTS
EUR/HKD Live Chart
EUR/HKD Historical Chart
EUR to HKD EXCHANGE RATE - FAQ
What economic events influence the exchange rate of EUR/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.

How do central bank decisions impact the currency rate of EUR/HKD?

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.

What is a good time to trade EUR/HKD?

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.