Convert your NGN to HKD free
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to ZAR NGN to SDG NGN to SZL NGN to TND | NGN to NPR NGN to NZD NGN to OMR NGN to PHP |
| European Currencies | North America Currencies |
| NGN to RON NGN to RSD NGN to SEK NGN to TRY | NGN to BSD NGN to CAD NGN to CUP NGN to DOP |
7 Facts About the Hong Kong Dollar (HKD)
1. Pegged to the US Dollar
The Hong Kong Dollar is famously pegged to the US Dollar within a narrow trading band. This means its value is closely tied to the USD, providing a degree of stability to the Hong Kong economy.
2. Issued by Commercial Banks
Unlike many currencies, the HKD is issued by commercial banks rather than a central bank. Three major banks in Hong Kong – HSBC, Standard Chartered Bank, and Bank of China – are authorized to issue banknotes under the supervision of the Hong Kong Monetary Authority.
3. High Liquidity and Global Acceptance
The HKD is one of the most traded currencies globally, reflecting Hong Kong’s status as a major financial center. Its high liquidity makes it easily convertible and accepted worldwide.
4. Stable Currency
Due to its peg to the US Dollar and Hong Kong’s robust economy, the HKD has historically been a very stable currency. This stability has contributed to Hong Kong’s attractiveness as a financial hub.
5. Unique Coinage
Hong Kong’s coinage features unique designs, often showcasing local landmarks and cultural symbols. These coins are popular among collectors due to their artistic merit.
6. High Denomination Notes
To accommodate large transactions, Hong Kong issues banknotes in high denominations, including HK$1000. This reflects the city’s role in international finance.
7. Used in Macau
While the Macau Pataca is the official currency of Macau, the Hong Kong Dollar is widely accepted and often used interchangeably due to the close economic ties between the two regions.
Top Banks in Nigeria For NGN to HKD Exchange
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Citibank Nigeria Ltd | Lagos |
| Nigeria | Ecobank Plc | Lagos |
| Nigeria | Standard Chattered Bank | Lagos |