Hong Kong dollarHKDRUB7.84 RKyuanCNYRUB8.94 HK$ and CNY volatility is relatively low Since 1983, the Hong Kong dollar has been pegged to the US dollar and traded in a narrow range of HK$7.75-7.85 per USD. Over the year, the Hong Kong dollar can rise or fall to the US by only a percentage. And the yuan in 2005 was untied from the US currency., and the USD-CNY pair is in a wider range. Year-on-year, the yuan may rise or fall against the dollar by about 10%. It's not that much, if you remember, what roller coasters are in the Russian ruble. HK$ and CNY are more expensive on the Moscow Exchange, than on Forex Previously, prices on the Russian and international platforms were almost the same. At the Moscow Exchange, they asked for the same amount of rubles for currency, how much and on Forex. But in the spring of 2022, prices began to diverge noticeably. In March, the Hong Kong dollar on the Moscow Exchange cost 120% more, than in Forex. Probably, the reason is high demand and low liquidity. In July, the trading volume of this currency grew, and the overpayment decreased to 0-10%. For the yuan, the March inefficiency was less - about 20%. And in July, the overpayment against Forex decreased to 0-6%. Seems, that it's not so much, but at the beginning of the year the prices were the same. Trading volumes of HK$ and CNY on the Moscow Exchange increased Due to Western sanctions, the demand for the yuan and the Hong Kong dollar increased, therefore, the volume of trading in these currencies on the Moscow Exchange also increased. Since the beginning of the year, the monthly trading volume of the Hong Kong dollar has increased 166 times, from 29 million to 4.8 billion rubles. And the volume of trading in the yuan grew in 33 Times, from 27 to 886 billion rubles. While both Asian currencies are still heavily underperformed by the US dollar. In July, they were traded for more than 2 trillion rubles. HK$ и CNY вернулись на уровень 2017 года Сейчас рубль торгуется к USD, HK$ и CNY …
13 charts about the ruble, yuan and Hong Kong dollar Read more
