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Maker to Hong Kong Dollar Converter and calculator

Convert 1Maker (MKR) to Hong Kong Dollar (HKD) equals $ 24,341.35 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Maker(MKR) to Hong Kong Dollar(HKD). This is the real-time data. The current conversion shows 1 MKR at a value of 1 MKR for 24,341.35 HKD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

HKD information

About the Hong Kong Dollar (HKD)

What Is the Hong Kong Dollar (HKD)?

The Hong Kong dollar (HKD), symbolized as HK$, is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Dollar is the sole legal tender in Hong Kong, and it is widely used for all transactions within the territory. While Hong Kong is a part of China, it has a separate currency and operates under a different monetary system than mainland China, which uses the Chinese Yuan (CNY).

The Hong Kong Dollar (HKD) is issued by both the government and three major commercial banks, making it one of the few currencies in the world with such a dual issuance system. The government, through the Hong Kong Monetary Authority (HKMA), issues coins and the HK$10 banknotes, while the larger denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000 are issued by The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong).

What Is the History of HKD?

The HKD's history dates back to the early days of Hong Kong as a British colony. Initially, various foreign currencies circulated in the region. The first local currency, the Hong Kong silver dollar, was minted in 1863. However, it faced resistance from the local population, accustomed to the silver Spanish dollar system. The 20th century saw several shifts in HKD's value, pegged at different times to the British pound and the US dollar. Since 1983, HKD has been linked to the US dollar at a rate of HK$7.80 = US$1, providing stability and confidence in Hong Kong's financial system.

Notes and Coins of HKD

Banknotes in Hong Kong are distinctively issued by three major commercial banks - The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong) - alongside the government, a rarity in global banking. These notes, available in denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000, feature advanced security measures like watermarks and holograms, and occasionally, commemorative notes are released to mark significant events. The coinage, comprising denominations of 10 cents, 20 cents, 50 cents, HK$1, HK$2, HK$5, and HK$10, showcases designs that include the Bauhinia flower, a symbol of Hong Kong, and varies in composition from nickel-brass to cupronickel and brass-plated steel.

Can You Use HKD in Other Countries?

The Hong Kong Dollar (HKD) is predominantly used within Hong Kong and is not officially recognized as a currency in other countries. However, it finds notable acceptance in Macau, where, despite the Macanese Pataca being the official currency, HKD is widely accepted in various establishments due to the close economic ties and geographical proximity between the two regions. Additionally, in some border areas of Mainland China, particularly cities like Shenzhen, HKD might occasionally be accepted, primarily in businesses that cater to tourists from Hong Kong. Beyond these areas, HKD generally isn't accepted for everyday transactions, and travelers are advised to exchange it for the local currency or rely on international credit/debit cards. The HKD's status as a freely convertible currency facilitates its exchange in major cities and financial centers worldwide, reflecting Hong Kong's global financial significance.

Is HKD a Stable Currency?

The Hong Kong Dollar (HKD) is considered a stable currency, largely due to its peg to the US Dollar under a linked exchange rate system since 1983. This arrangement, supported by the Hong Kong Monetary Authority's substantial foreign exchange reserves, ensures consistent value and predictability. Coupled with Hong Kong's robust financial system and prudent fiscal policies, the HKD maintains stability despite global economic influences and its connection to Mainland China's economy, reinforcing its reliability in the global financial market.

What Is the Relationship Between HKD and CNY?

The Hong Kong Dollar (HKD) and the Chinese Yuan (CNY), also known as the Renminbi (RMB), maintain a distinctive relationship underpinned by the "one country, two systems" principle, allowing them to function as separate currencies despite Hong Kong's status as a Special Administrative Region of China. The HKD, pegged to the US Dollar, operates under a linked exchange rate system providing stability, while the CNY follows a managed floating rate system, reflecting different economic policies and market dynamics. This separation facilitates significant trade and investment flows between Hong Kong and Mainland China, necessitating frequent currency conversions. Hong Kong's role as an international financial center means that fluctuations in the HKD can influence the CNY, particularly in terms of capital flows and investment trends, and vice versa. Crucially, Hong Kong serves as the largest offshore Renminbi trading center, playing a pivotal role in the internationalization of the Renminbi, while both regions maintain a degree of policy coordination and communication, especially in broader economic strategies within China.

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Bitget crypto-to-fiat exchange data shows that the most popular Maker currency pair is the MKR to HKD, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HKD.

MKR to HKD conversion rate trend

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In the past 1D, Maker has changed +3.49% to HKD. Based on the trend and price charts, Maker(MKR) has changed +3.49% to HKD while Hong Kong Dollar(HKD) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$24,603.05
0.0001% / 0.0004%vip-iconVIP
Binance
$24,606.26
0.1000% / 0.1000%
Yes
OKX
$24,622.7
0.080% / 0.100%
Yes
Huobi
$24,601.56
0.1000% / 0.1000%
Yes
Gate.io
$24,417.52
0.1000% / 0.1000%
Yes
Bybit
$24,568.67
0.1000% / 0.1000%
Yes
KuCoin
$24,608.76
0.1000% / 0.1000%
Yes
Bitfinex
$24,505.23
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 05:00:34(UTC+0)

What factors influence the conversion rate of Maker to Hong Kong Dollar?

Maker to Hong Kong Dollar is rising this week.
Maker's current market price is $ 24,341.35 per MKR, with a total market cap of $ 22,508,864,062.97 HKD based on a circulating supply of 924,717.25 MKR. The trading volume of Maker has changed by -18.46% ($ -151,014,261.14 HKD) in the last 24 hours. Last trading day, MKR's trading volume was $ 818,115,268.26.
Market cap
$2.87B
24h volume
$85.18M
Circulating supply
924.72K MKR

Conversion tables

The exchange rate of Maker is decreasing.
1 MKR is currently valued at $ 24,341.35 HKD , which means buying 5 MKR will cost $ 121,706.73 HKD . Similarly, $1 HKD can be traded for 0.{4}4108 MKR, and $50 HKD can be converted to 0.002054 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Hong Kong Dollar has changed by +8.07% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.49%, reaching a high of 24,728.31 HKD and a low of 23,408.22 HKD . One month ago, the value of 1 MKR was $ 25,543.69 HKD , which represents a -4.71% change from its current value. Over the last year, Maker has changed by
+$
3,274.01HKD
, resulting in a change of +350.48% in its value.

MKR to HKD

Amount
05:52 am today
0.5 MKR
$12,170.67
1 MKR
$24,341.35
5 MKR
$121,706.73
10 MKR
$243,413.46
50 MKR
$1,217,067.3
100 MKR
$2,434,134.6
500 MKR
$12,170,673.02
1000 MKR
$24,341,346.03

HKD to MKR

Amount05:52 am today
0.5HKD0.{4}2054  MKR
1HKD0.{4}4108  MKR
5HKD0.0002054  MKR
10HKD0.0004108  MKR
50HKD0.002054  MKR
100HKD0.004108  MKR
500HKD0.02054  MKR
1000HKD0.04108  MKR
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Today vs. 24 hours ago

Amount05:52 am today24 hours ago24h change
0.5 MKR$1,554.09$1,501.64
+3.49%
1 MKR$3,108.17$3,003.28
+3.49%
5 MKR$15,540.86$15,016.41
+3.49%
10 MKR$31,081.73$30,032.82
+3.49%
50 MKR$155,408.65$150,164.08
+3.49%
100 MKR$310,817.3$300,328.15
+3.49%
500 MKR$1,554,086.5$1,501,640.75
+3.49%
1000 MKR$3,108,173$3,003,281.5
+3.49%

Today vs. 1 month ago

Amount05:52 am today1 month ago1M change
0.5 MKR$1,554.09$1,630.85
-4.71%
1 MKR$3,108.17$3,261.7
-4.71%
5 MKR$15,540.86$16,308.51
-4.71%
10 MKR$31,081.73$32,617.02
-4.71%
50 MKR$155,408.65$163,085.11
-4.71%
100 MKR$310,817.3$326,170.21
-4.71%
500 MKR$1,554,086.5$1,630,851.05
-4.71%
1000 MKR$3,108,173$3,261,702.1
-4.71%

Today vs. 1 year ago

Amount05:52 am today1 year ago1Y change
0.5 MKR$1,554.09$345.06
+350.48%
1 MKR$3,108.17$690.11
+350.48%
5 MKR$15,540.86$3,450.56
+350.48%
10 MKR$31,081.73$6,901.12
+350.48%
50 MKR$155,408.65$34,505.59
+350.48%
100 MKR$310,817.3$69,011.18
+350.48%
500 MKR$1,554,086.5$345,055.9
+350.48%
1000 MKR$3,108,173$690,111.8
+350.48%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.