Exchange Rate Calculator

The exchange rate between the Hong Kong Dollar (HKD) and the Chinese Yuan Renminbi (CNY) has experienced notable fluctuations over the past few months. Understanding these movements is crucial for businesses, investors, and individuals engaged in financial activities between Hong Kong and mainland China.

Recent Exchange Rate Trends

In 2025, the HKD/CNY exchange rate has shown a downward trend. The highest rate recorded was 0.9470 CNY per HKD on April 9, 2025, while the lowest was 0.9132 CNY per HKD on June 26, 2025. The average exchange rate during this period was approximately 0.9310 CNY per HKD. Overall, the HKD has depreciated by about 2.73% against the CNY in 2025. (exchange-rates.org)

Factors Influencing the Exchange Rate

Several factors have contributed to the fluctuations in the HKD/CNY exchange rate:

1. Economic Performance: China's robust economic growth has strengthened the CNY, while Hong Kong's economy has faced challenges, leading to a weaker HKD.

2. Monetary Policies: The People's Bank of China has implemented policies to stabilize the CNY, whereas the Hong Kong Monetary Authority maintains a peg of the HKD to the US Dollar, indirectly affecting its value against the CNY.

3. Trade Relations: Trade dynamics between Hong Kong and mainland China influence currency demand and supply, impacting the exchange rate.

4. Market Sentiment: Investor confidence and geopolitical events can lead to capital flows that affect currency values.

Historical Context

Looking back, the HKD/CNY exchange rate has experienced various trends:

• 2024: The HKD appreciated by approximately 3.67% against the CNY, with an average exchange rate of 0.9203 CNY per HKD. (exchange-rates.org)

• 2023: The exchange rate fluctuated, with values ranging from 0.875 to 0.887 CNY per HKD in March 2023. (freecurrencyrates.com)

• 2022: The HKD/CNY exchange rate varied, with rates around 0.848 CNY per HKD in June 2022. (freecurrencyrates.com)

Implications for Stakeholders

The recent depreciation of the HKD against the CNY has several implications:

• Businesses: Companies importing goods from mainland China may face higher costs, while exporters to China could benefit from more competitive pricing.

• Investors: Currency fluctuations can impact returns on investments denominated in HKD or CNY.

• Travelers: Individuals traveling between Hong Kong and mainland China may experience changes in purchasing power.

Conclusion

The HKD/CNY exchange rate is influenced by a complex interplay of economic indicators, monetary policies, and market sentiments. Staying informed about these factors is essential for making strategic financial decisions in the dynamic economic landscape of Hong Kong and mainland China.