Last Updated at: 2:00:01 PM 2022-05-29
|Last 7 Day HKD to PKR Rates Forecast Table|
|Date||Buying Rates||Selling Rates|
Today according to open market rates 20 HKD to PKR is 516.2 Pakistani Rupee Buying Rate and 523.2 Pakistani Rupee Selling Rate. The open market provides buying and selling currency rates which might change several times in a day. The open market rate of currency exchange is needed for trade and personal purposes.
HKD stood for the Hong Kong dollar and symbolized as HK$. KKD is an official currency of Hong Kong and its subdivided into 100 cents. The Hong Kong Dollar is issued from the Hong Kong Monetary Authority, and 3 banks in Hong Kong HSBC, Bank of China, and Standard Chartered have a license to issue the banknotes. The banknotes denomination is of HK$ 20, HK$ 50, HK$ 100, HK$ 500, and HK$ 1000.However, the government of Hong Kong issues the denominations of coins and HK$ 1 banknote.
Hong Kong Dollar is the 9th most traded currency in the world. The main use of HKD is in Hong Kong and also partially used in Macau a neighbouring state.
Linked Exchange Rate System
Hong Kong follows a unique currency exchange system as it allows 3 banks to issues the banknotes on a condition. The HKMA authorize the banks on a condition of deposit of the equivalent value of the US dollar with the HKMA afterwards bank is allowed to issue equivalent currency.
HKD is an official currency of Hong Kong, and PKR is an abbreviation to Pakistani Rupees. Both Pakistan and Hong Kong shares a similar history of retrieving from British Colonies. However, now both are independent and have an admirable trade market. China mainland also plays a pivotal role in keeping the relationship between Hong Kong and Pakistan alive and progressive.
Export and Import:
Hong Kong and Pakistan participate in export and import, including telephones and broadcasting accessories from Hong Kong to Pakistan and Cotton Yarn tanned equine ad bovine hides from Pakistan to Hong Kong. Therefore, HKD to PKR currency exchange is an ultimate need to carry on business dealings.
Tourism and business:
Hong Kong economy depends upon their tourism and thus promotes its tourism to neighbouring and geologically accessible countries. Moreover, many travellers and business persons travel to Hong Kong for a different purpose and use local currency exchange. Therefore, they need an accurate open market rate of HKD to PKR to withdraw the local currency. Pakistan was once under a British colony, and therefore many Muslims migrated to Hong Kong and stayed there as British Indian. Since then, almost 0.2 % of Hong Kong population are Pakistan descendants. However, they travel to Pakistan and also send a good number of remittances from HKD to PKR. Pakistani people travel to Hong Kong to find an appropriate job according to their expertise and also Pakistan provide needed labour to developing economy of Hong Kong. While in this condition, Hong Kong and Pakistan both need easy and updated currency converter to convert HKD to PKR for different purposes.
Our Currency Converter Tool:
We have upgraded a currency conversion tool that will enable you to get the latest and accurate currency exchange rate. The tool is comfortable to use and gives quick calculations with the accurate, current rate in the open market.