Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the Hong Kong Dollar (HKD) has experienced fluctuations over the past several months. This report analyzes the trends observed from September 2024 through March 2025, highlighting key movements and potential influencing factors.

Exchange Rate Trends

September 2024:
In September 2024, the INR/HKD exchange rate reached its highest point in the observed period. On September 22, 2024, 1 INR was equivalent to 0.093328 HKD. The average exchange rate for the month was approximately 0.09293 HKD per INR.

October 2024:
The exchange rate began to decline in October 2024. The highest rate recorded was 0.09263 HKD per INR, with the lowest at 0.09233 HKD. The average exchange rate for the month stood at 0.09246 HKD per INR.

November 2024:
The downward trend continued into November 2024. The exchange rate peaked at 0.09250 HKD per INR and reached a low of 0.09202 HKD. The average rate for the month was 0.09222 HKD per INR.

December 2024:
December 2024 saw further depreciation of the INR against the HKD. The exchange rate fluctuated between 0.09188 HKD and 0.09159 HKD per INR. The average exchange rate for the month was 0.09163 HKD per INR.

January 2025:
The exchange rate experienced slight volatility in January 2025. The highest rate was 0.09078 HKD per INR on January 1, 2025, while the lowest was 0.08985 HKD. The average exchange rate for the month was 0.09023 HKD per INR.

February 2025:
February 2025 marked the lowest point in the observed period. On February 7, 2025, the exchange rate dropped to 0.08874 HKD per INR. The average rate for the month was 0.08941 HKD per INR.

March 2025:
In March 2025, the exchange rate showed signs of recovery. The highest rate recorded was 0.09001 HKD per INR on March 19, 2025, with an average rate of 0.08931 HKD per INR for the month.

Factors Influencing the Exchange Rate

Several factors may have contributed to the fluctuations in the INR/HKD exchange rate during this period:

1. Economic Indicators:

   • India: Economic performance indicators such as GDP growth, inflation rates, and trade balances can influence the value of the INR.
   • Hong Kong: Similarly, Hong Kong's economic health, including its export performance and financial market stability, affects the HKD.

2. Monetary Policies:

   • Decisions by the Reserve Bank of India (RBI) regarding interest rates and monetary policy can impact the INR's strength.
   • The Hong Kong Monetary Authority's policies, especially given the HKD's peg to the US Dollar, also play a role.

3. Global Market Dynamics:

   • Global economic events, such as changes in commodity prices, geopolitical tensions, and shifts in investor sentiment, can lead to capital flows that affect exchange rates.

4. US Dollar Influence:

   • Since the HKD is pegged to the US Dollar, movements in the USD can indirectly influence the INR/HKD exchange rate.

Conclusion

The INR/HKD exchange rate has experienced a general downward trend from September 2024 to February 2025, with a slight recovery observed in March 2025. This period of depreciation may be attributed to a combination of domestic economic factors in both India and Hong Kong, monetary policy decisions, and broader global economic conditions. Investors and businesses engaged in transactions between these currencies should remain vigilant to these factors, as they can significantly impact exchange rate movements.