The current exchange rate means that 20 Hong Kong Dollars is equal to $2.57 (American dollars and cents).
The Hong Kong Dollar is the eighth most used currency in the world, the top 5 currencies, used in transactions throughout the world, are:
• U.S. Dollar
• The British Pound
• The Japanese Yen
• The European Euro
• The Swiss Franc
100 cents make up a whole Hong Kong Dollar, and the currency was introduced into the country in 1866. Hong Kong was the second country that was a part of the British Empire, which introduced its own currency, following the lead of Canada who had introduced their currency in 1858.
The currency is made up of a number of bank notes and coins. The coins that are in use in the country's currency today are as follows:
• 10c
• 20c
• 50c
• $1
• $2
• $5
• $10
The notes that are in circulation are:
• $10
• $20
• $50
• $100
• $500
• $1,000
The ten-dollar note began to be phased out of circulation in 1994. However, due to public demand the note was re-introduced in 2002 and in 2007 the paper form was changed to polymer, as a trial of the materials' use in currency.
There are a number of slang terms that are used in Hong Kong, when people are referring to different values of money. The $1 coin is sometimes referred to as big cracker, whilst the $10 note is known as green crab, or flowery crab. The color element of these sayings refers to the color of the old $10 note and the new $10 note. The $500 note is referred to as the big bull, a reference to the bull that was printed on the note in pre-war years.
The Hong Kong Dollar is the eighth most used currency in the world, the top 5 currencies, used in transactions throughout the world, are:
• U.S. Dollar
• The British Pound
• The Japanese Yen
• The European Euro
• The Swiss Franc
100 cents make up a whole Hong Kong Dollar, and the currency was introduced into the country in 1866. Hong Kong was the second country that was a part of the British Empire, which introduced its own currency, following the lead of Canada who had introduced their currency in 1858.
The currency is made up of a number of bank notes and coins. The coins that are in use in the country's currency today are as follows:
• 10c
• 20c
• 50c
• $1
• $2
• $5
• $10
The notes that are in circulation are:
• $10
• $20
• $50
• $100
• $500
• $1,000
The ten-dollar note began to be phased out of circulation in 1994. However, due to public demand the note was re-introduced in 2002 and in 2007 the paper form was changed to polymer, as a trial of the materials' use in currency.
There are a number of slang terms that are used in Hong Kong, when people are referring to different values of money. The $1 coin is sometimes referred to as big cracker, whilst the $10 note is known as green crab, or flowery crab. The color element of these sayings refers to the color of the old $10 note and the new $10 note. The $500 note is referred to as the big bull, a reference to the bull that was printed on the note in pre-war years.