According to the exchange rate of Hong Kong dollars to RMB on July 16th, 22, it is 1: .92365181

So HK$ 1 = 9236.5181 RMB, and RMB $1 = HK$ 1826.61.

Recently, the Hong Kong dollar strengthened against the US dollar. On April 21st, the strong exchange guarantee of HK$ 7.75 to US$ 1 was triggered under the linked exchange rate mechanism. This was the first time that the strong exchange guarantee was triggered after October 215. On that day, the Hong Kong Monetary Authority bought US dollars from the market and sold the Hong Kong dollar with a total value of 1.55 billion.

the strength of the hong kong dollar is mainly due to the increase in the demand for hong kong dollars related to market carry activities and stock investment. in addition, the increase in fiscal expenditure will also increase the demand for hong kong dollars.

The most important thing is that the widening interest rate spread between Hong Kong and the United States makes the arbitrage activity warm up. On March 15th, the Federal Reserve sharply cut interest rates by 1BP, reducing the target range of the federal funds rate to -.25%, and at the same time, it launched a number of monetary policy tools including $7 billion QE and lowering the discount window interest rate. On March 23rd, it further announced unlimited easing measures.

on March 16th, Hong Kong followed the Federal Reserve in lowering its basic interest rate to .86%, which has not yet reached the zero lower limit, and Hong Kong has not fully followed the pace of subsequent easing by the Federal Reserve, which has widened the market interest rate spread between the two economies. Since the Federal Reserve cut interest rates on March 15th, the three-month spread between Hibor and Libor has risen from +43BP to +9BP, and the arbitrage space has increased, which has caused appreciation pressure on the Hong Kong dollar since the end of March.

The recent trend of the Hong Kong dollar and the situation that the depreciation of the Hong Kong dollar hit the weak guarantee line in 218 are mutual mappings, and the core reason is the arbitrage caused by the spread.

Extended information:

Factors affecting exchange rate:

1. Influence of exchange rate trend. First of all, the exchange rate level of the US dollar is one of the main factors affecting the trend of precious metals in 1653, which is generally negatively correlated with the price of gold. Secondly, the domestic price of RMB gold is also affected by the RMB exchange rate. Generally speaking, when the RMB appreciates, the price of gold priced in RMB falls. RMB depreciates, and the price of gold priced in RMB rises;

2. the influence of inflation. In the long run, gold can be used as an important investment target to fight inflation;

3, risk aversion, unstable factors in the market, such as geopolitical wars, will raise the price of gold.