Current location - Trademark Inquiry Complete Network - Futures platform - In which bank can I exchange Hong Kong dollars for RMB? What is the exchange rate?
In which bank can I exchange Hong Kong dollars for RMB? What is the exchange rate?
All major banks can exchange money.

1 HKD =0.82 15 RMB.

1 RMB = 1.2 173 HKD.

China Bank, China Industrial and Commercial Bank, China Agricultural Bank and China Construction Bank, which are approved by the state to engage in foreign exchange business, can convert Hong Kong dollars into RMB.

The staff of major banks will update the foreign exchange quotations in real time according to the Bank of China, and the exchange rates are not much different. As long as there is a "foreign currency exchange" sign, the business hall can provide exchange services. Now many banks can exchange Hong Kong dollars directly, without making an appointment, just go to the bank counter. If you are not at ease, you can also make an appointment by phone in advance.

Hong Kong dollar or Hong Kong dollar is the legal tender of Hong Kong. According to the Basic Law of Hong Kong and the Sino-British Joint Declaration, Hong Kong's autonomy includes the right to issue its own currency. Its official ISO 42 17 abbreviation is HKD (Hong Kong dollars); The sign is Hong Kong dollars. The Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited and the Bank of China (Hong Kong) Limited announced on July 20th that they would launch a new series of 20 10 banknotes. Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollars to the US dollar. The US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.

During the development of Hong Kong as a trade and financial center, different types of linked exchange rate systems have been implemented. 1863, the Hong Kong government announced that the then international currency, the silver dollar, was the legal tender of Hong Kong, and began to issue its own silver dollar in 1866. Until 1935, Hong Kong's monetary system was based on the silver standard. After the global silver crisis, the government announced that it would abandon the silver standard, and the Hong Kong dollar was linked to the British pound at the exchange rate of 16 Hong Kong dollars 1 British pound.

According to the Currency Regulations promulgated by 1935, banks are required to hand over all their silver to the Exchange Fund to support the issuance of paper money in exchange for debt certificates, and the Exchange Fund will invest the silver received in sterling assets. These debt certificates become the legal basis for issuing banks to issue paper money.

In fact, this arrangement is the currency board system. If the note-issuing bank issues additional notes in the future, it must purchase debt certificates in pounds sterling.