Exchange Rate Calculator

The exchange rate between the Hong Kong Dollar (HKD) and the Chinese Yuan (CNY) has exhibited notable fluctuations over the past year, influenced by various economic factors and market dynamics. This report provides an analysis of the HKD/CNY exchange rate trends, technical indicators, and future projections to offer a comprehensive understanding of the currency pair's behavior.

Historical Exchange Rate Trends

In 2024, the HKD/CNY exchange rate experienced a range of movements. The highest recorded rate was 0.9403 CNY per HKD on December 27, 2024, while the lowest was 0.9012 CNY per HKD on September 26, 2024. The average exchange rate for the year stood at 0.9203 CNY per HKD. (exchange-rates.org)

In the first quarter of 2025, the exchange rate continued to exhibit variability. For instance, on March 14, 2025, the rate was 0.9311 CNY per HKD, reflecting a slight decrease of 0.10% from the previous day. Throughout this period, the exchange rate fluctuated within a narrow band, indicating relative stability with minor daily changes. (investing.com)

Technical Analysis

As of February 26, 2025, technical indicators suggested a bearish sentiment for the HKD/CNY currency pair. The Relative Strength Index (RSI) stood at 44.41, indicating a sell signal. Other indicators, such as the Stochastic Oscillator and the Average Directional Index (ADX), also pointed towards selling pressure. Moving averages, including the 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day, all signaled a sell action, reinforcing the bearish outlook. (investing.com)

Forecasts and Projections

Looking ahead, forecasts for the HKD/CNY exchange rate suggest a gradual appreciation of the Hong Kong Dollar against the Chinese Yuan. In November 2025, the exchange rate is projected to reach approximately 0.9378 CNY per HKD, representing a potential gain of 1.18% from current levels. By December 2025, the rate is expected to further increase to around 0.9482 CNY per HKD, indicating a potential profit of 2.07% if the currency pair follows the predicted trajectory. (coincodex.com)

The current market sentiment is estimated as bullish, with 81% of technical analysis indicators signaling positive momentum. The 14-day RSI reading of 48.76 suggests neutral conditions, while the currency pair's position relative to the 50-day and 200-day simple moving averages indicates potential upward movement. (coincodex.com)

Factors Influencing the Exchange Rate

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

• Economic Indicators: GDP growth, inflation rates, and interest rate differentials between Hong Kong and Mainland China can impact the exchange rate.

• Geopolitical Events: Trade agreements, political developments, and regional stability influence investor confidence and currency valuations.

• Central Bank Policies: Monetary policies and interventions by the Hong Kong Monetary Authority and the People's Bank of China play a crucial role in determining the exchange rate dynamics.

Conclusion

The HKD/CNY exchange rate has demonstrated both stability and periods of fluctuation over the past year, influenced by a complex interplay of economic indicators, technical factors, and geopolitical events. While recent technical analysis indicates a bearish sentiment, forecasts suggest a potential appreciation of the Hong Kong Dollar against the Chinese Yuan in the coming months. Investors and stakeholders should closely monitor these developments and consider the various influencing factors when making informed decisions regarding this currency pair.