AUD to FJD Exchange Rates

Australian Dollar to Fijian Dollar. Get bank beating foreign currency exchange with OFX.

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The amounts above are calculated using the Market (Interbank) rate. Unfortunately, OFX is unable to facilitate international money transfers from {{base}} to {{term}}.
 
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FJD Snapshot

The FJD (abbreviated FJD) has been the currency of Fiji since 1969. The choice of the name ‘dollar’ was motivated by the fact that the reduced value of the new unit corresponded more closely to the value of the US dollar that it did to the pound sterling.

  • Currency Name: Fijian Dollar
  • Currency Code: FJD
  • Currency Symbol: $ or FJ$
  • Central Bank: Reserve Bank of Fiji
  • Countries Used In: Fiji
  • Major Unit: One Fijian Dollar
  • Minor Unit: Cent = 1/100 of a Dollar
  • Note Denominations: $5, $10, $20, $50, $100
  • Coin Denominations: 5c, 10c, 20c, 50c, $1, $2

Previous AUD to FJD Exchange Rates

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Frequency

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  • Decimal places:
  • 2
  • 4
  • 6
Date (GMT) Rate**
Average 1.479204
December 31, 2000 1.223932
December 31, 2001 1.178317
December 31, 2002 1.185493
December 31, 2003 1.230711
December 31, 2004 1.270482
December 31, 2005 1.285424
December 31, 2006 1.300729
December 31, 2007 1.345543
December 31, 2008 1.343578
December 31, 2009 1.545195
December 31, 2010 1.760134
December 31, 2011 1.85143
December 31, 2012 1.853804
December 31, 2013 1.769118
December 31, 2014 1.693513
December 31, 2015 1.566471
December 31, 2016 1.55016
December 31, 2017 1.576877
December 31, 2018 1.552327
November 20, 2019 1.500846

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USD to HKD Exchange Rate

Ahh, Hong Kong: the name translates to “fragrant harbor.” What else do you really need to know?

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What influences the USD/HKD exchange rate?

The HKD, which is administered by the Hong Kong Monetary Authority, isn’t allowed to be traded freely. Instead, it’s pegged to the U.S. dollar, so that the HKD trades within a narrow band that ranges from 7.75 and 7.85 USD.

 

As a result, the Hong Kong Monetary Authority will usually base interest rates on automatic mechanisms that allow for the stability of the USD/HDK exchange rate. As Bloomberg news reports, “The government “is fully committed to maintaining the linked exchange-rate system, which continues to serve Hong Kong well,” a spokeswoman for the authority said. “We see no need and have no intention to change the system.”1

 

However, there is strong speculation that the de-pegging may occur if the Chinese renminbi weakens.2 The HKD hovered at the bottom of the exchange rate bracket for the bulk of 2016 due in part to the substantial slowing of China’s economy.

USD/HKD Snapshot

“The United States enjoys substantial economic and social ties with Hong Kong. U.S. companies have a generally favorable view of Hong Kong's business environment, including its legal system and the free flow of information, low taxation, and infrastructure.3

 – U.S. Department of State

  • Despite being a small economy, coming in 39th in GDP, Hong Kong has been a launching pad for many global firms that wish to exit or enter China’s mainland. It has also been an important financial and trading hub within Asia.

  • The HKD is the 8th most traded world currency, and it’s also the 3rd most active currency throughout Asia. On the other hand, the USD is the world’s #1 most traded world currency by volume.  

  • Hong Kong’s economy is dependent upon services, even though some manufacturing is still available there. Financial services, retail, and hospitality form the basis of Hong Kong’s workforce opportunities.4

 Whether you’re investing in a business in Hong Kong or sending money back home to friends and family, OFX can help you save on your international money transfers. If you need to make a payment to Hong Kong, use OFX so you don’t get stung by high bank margins and fees. Register today to get access to our great low rates and personalized service. 

 

Currency Name: Hong Kong Dollar

Currency Code: HKD

Currency Symbol: $

Central Bank: Hong Kong Monetary Authority

Countries Used In: Hong Kong

Major Unit: One Hong Kong Dollar

Minor Unit: One Cent

Note Denominations: $10, $20, $50, $100, $500, $1,000

Coin Denominations: 10¢, 20¢, 50¢, $1, $2, $5, $10

 

HKD to USD exchange rate analysis. Check out our daily market analysis to learn the factors influencing the HKD to USD exchange rate today.

 

Sources:

  1. https://www.bloomberg.com/news/articles/2016-01-14/hong-kong-dollar-drops-to-10-month-low-as-stocks-fall-with-yuan

  2. https://www.bloomberg.com/news/articles/2016-01-14/hong-kong-dollar-drops-to-10-month-low-as-stocks-fall-with-yuan

  3. http://www.state.gov/r/pa/ei/bgn/2747.htm

  4.  http://www.gov.hk/en/about/abouthk/factsheets/docs/service_economy.pdf