HK Dollar drops 10% vs RMB?
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HK$1 can only change for RMB of Chinese Yuan $0.90in Shen Zhen shopping center.
This is reported that the huge supermarket PARK N SHOP also
adopt the same rate.
PARK N SHOP
2.now the HK$ and RMB is almost on par
Can i say in the eyes on Shen Zhen people,HK$ drop 10 % as
against RMB aldready?
3.No value of any currency in history can be fixed.HK$ is not the exception.
4.The major force to push down HK$ are HK people. -
yeah, HKD has been steadily weakening. now quite standard can change 5.05.....
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it was reported that some business are not accepting $HK anymore.
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2.i have read the news recently but with 0.90 ex rate,i thinkOriginally posted by dragg:it was reported that some business are not accepting $HK anymore.
HK$ will be accepted again,with depreciation of course. -
Such ignorance, you don't even know what kind of exchange rate regime they have in HK. HKD is pegged to another currency, go figure out yourself.
Doh!!! -
2.hk governmet, and may be PRC government ,think that so long HKD peg to uncle sam $$ is fine.Originally posted by maurizio13:Such ignorance, you don't even know what kind of exchange rate regime they have in HK. HKD is pegged to another currency, go figure out yourself.
Doh!!!
But it is the market decide any currency value,not official figure. -
i think China gahmen oso not too keen to strengthen the yuan too much. but they no choice have to do it to cool their economy....overall its not good for chinese exporters, sort of make their goods more costly.
from our standpoint, its great, now cheaper to go HK. -
40 % of Sheng Zhen shops refused HK$$
Taxi drivers rejects also.Shops near LO WU train station still accept.
2.Anyway,HK$$ is not legal tender in PRC.So ,it is legally right
not to be transacted in HK$$$.