AUD/HKD

AUD/HKD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Australian Dollar against the Hong Kong Dollar.

The Australian Dollar, issued in Australia, holds a notable share of the foreign exchange market. According to the 2022 BIS Triennial Central Bank Survey, it is the sixth most traded currency globally. Australia is perceived to have strong economic ties with China, and the Australian Dollar may experience fluctuations in response to Chinese economic indicators and related factors.

The Hong Kong Dollar, issued in Hong Kong, is pegged to the US Dollar. This peg means its value is closely tied to the US Dollar, and therefore, it is heavily influenced by US monetary policy and economic conditions. Therefore, the AUD/HKD currency pairing will be influenced by the differences between the Australian and US economies, as well as the economic relationship between Australia and China.