EURHKD: Live Price Chart

The EURHKD pair is a currency pair that represents the exchange rate between the Euro and the Hong Kong dollar. It shows how many Hong Kong dollars are needed to purchase one Euro. Here's how the conversion works: For example, if the current Euro to HKD exchange rate is 9.50, and you want to convert 100 Euros to Hong Kong dollars, you would multiply 100 by 9.50 to get 950 Hong Kong dollars.

The history of the pair goes back to the time when Hong Kong was a British colony, and its currency was pegged to the British pound. In 1972, the Hong Kong dollar was pegged to the US dollar instead, and this peg remains in place to this day. The Euro, on the other hand, was introduced in 1999, and the EURHKD pair began trading shortly after. The value of the pair is influenced by a variety of factors, including economic indicators, political events, and interestrate differentials between the Eurozone and Hong Kong.

The EURHKD pair is a relatively minor forex pair that has seen a fair amount of volatility since its introduction in the early 2000s. In the early years of its trading, the exchange rate was fairly stable, hovering between 8.00 and 8.50. However, with the onset of the global financial crisis in 2008, the exchange rate began to fluctuate more widely, reaching a high of 11.29 later that year. Following the crisis, the exchange rate gradually declined, and from 2012 to 2018, it remained relatively stable, fluctuating between 8.50 and 9.50.

However, in 2019, the exchange rate began to climb again, reaching a high of 10.87 in early 2020. This was largely due to political unrest in Hong Kong and concerns over the impact of the US-China trade war on the Hong Kong economy. Since then, the exchange rate has remained volatile, driven by various factors, including economic indicators, political events, and changes in interest rates.

Traders may consider trading this pair for various reasons, such as the potential for profit through price fluctuations, or to hedge against risks associated with exposure to either the Euro or the Hong Kong dollar.

Other currency pairs that traders might consider include major pairs like EURUSD, GBPUSD, USD/JPY, and AUDUSD, as well as minor pairs like EURJPY, GBPJPY, AUDJPY, and EURGBP. The choice of which currency pair to trade ultimately depends on individual trading strategies and goals.

It's important to note that forex trading involves significant risks, and traders should carefully consider their risk tolerance and investment objectives before entering any trades. Additionally, traders should stay informed about the latest economic and political developments that may impact their chosen currency pairs.