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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

71% of retail investor accounts lose money when trading CFDs with this provider.

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EURHKD: Live Price Chart

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[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

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About

History

Why Trade?

About

History

Why Trade?

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.

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Swap short [[ data.swapShort ]] points
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Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.

Forex
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage

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Trade on volatility

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Enjoy huge liquidity

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Manage risk with in-platform tools
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