The EURHKD is a currency cross between the currency of the Eurozone, i.e., EURO, and Hong Kong, i.e., HKD. The pair tells us about the number of HKDs needed to get one EURO. For instance, the EURHKD price of 8.571 shows traders or investors need 8.571 HKDs to get 1 EURO.

What is Euro vs. Hong Kong Dollar (EURHKD)?

The Eurozone comprises 19 European member states and is the world's second-largest economy. Its focus is on exports of machinery, vehicles, and chemicals. On the other hand, Hong Kong is a Special Administrative Region (SAR) of China and has a diversified economy. It has a highly developed services sector, accounting for most of the country's GDP. Besides, it also exports goods, particularly electronics, textiles, and clothing. So, when both countries' economic development strengthens or weakens, it directly affects the exchange rate. Investors eager to understand how to trade EURHKD should keep that in mind.

How does EURHKD work?

It works through trading in the forex market on online platforms like SimpleFX. It provides solutions such as a demo account, which enables traders eager to learn how to invest in EURHKD start without risking their real assets.

The EURHKD is a minor currency pair traded on the forex market. Its price keeps on fluctuating due to various factors. Investors should pay attention to central bank policies of the Eurozone and Hong Kong. Moreover, economic data of these countries and global financial conditions must be considered before making informed decisions.

EURHKD price history

Before investing or trading currency pairs, an essential part of the research is its past performance. Therefore, here's an overview of the EURHKD price history from 2018-2022.

2018

On Monday, 1st January 2018, the exchange rate was 9.3859 HKD; by the end of the year, on 31st December 2018, it was at 8.9991 HKD. The best average value was 9.7811, recorded on 1st February, whereas the worst value of 8.7958 HKD was observed on 12th November 2018. The average exchange rate of the year was 9.257 HKD.

2019

The year started with the exchange rate at 8.9791 HKD and ended at 8.7424 HKD. The year's best value was 9.0527, and the worst price was 8.541 HKD, recorded on 9th January and 30th September, respectively. The average exchange rate in 2019 was 8.7742 HKD.

2020

At the start of the year, EURHKD was 8.7432 HKD, and on 31st December 2020, it was 9.4715 HKD. The best rate of the year was 9.5353 HKD on 30th December, and the worst price was 8.2721 HKD, recorded on 19th March 2020. The average for the year was 8.8572 HKD.

2021

The year began with EURHKD at 9.4083 and ended at 8.865 HKD. The year's best price of 9.5667 HKD was recorded on 6th January 2022, and the worst of 8.7361 HKD was observed on 24th November 2021. The average exchange rate in 2021 was 9.1947 HKD.

2022

On 1st January 2022, the EURHKD was at 8.8672; on 31st December 2022, it was at 8.3806 HKD. The best exchange rate of the year was 8.9212 HKD, and the worst price was 7.5276 HKD, observed on 13th January and 27th September, respectively. The year's average rate was 8.2513 HKD.

Current EURHKD price

The current EURHKD price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is EURHKD a good investment?

Whether EURHKD is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors worldwide.

Trade EUR/HKD the Simplest way.

Trade EURHKD

Don't have an account yet?

Open it!