GBPHKD shows the exchange rate between pounds and Hong Kong Dollars, where GBP is the base currency, and HKD is the quote or counter currency. It shows the number of HKDs required to purchase one pound. Apart from online trading, knowing the exchange rate is vital for traveling, international trade, and other business operations.

What is GBPHKD?

The GBPHKD is an exotic pair, not traded as other major currencies. Still, dealing with it on the forex market requires different strategies to limit the potential risk of losses, such as technical and fundamental analyses, carry, news trading, and scalping. However, it must be remembered that these strategies are only partially safe, as many risks are associated with them. So, traders eager to find out how to invest in GBPHKD must evaluate the risks and trading goals before choosing a plan.

How does GBPHKD work?

The GBPHKD price is determined by its supply and demand in the forex market, and it keeps fluctuating due to the influence of various factors. Traders eager to understand how to trade GBPHKD can start with a demo account on the SimpleFX platform. Before turning into a live account, potential investors can enter real-market simulations without risking actual funds.

GBPHKD Price History

While trading the currency pairs, it's vital to consider the past performances of the pair. It helps in making a well-informed and wise investment decision. Due to this reason, traders can take a look at the GBPHKD performance from 2018 to 2022.

2018

At the beginning of the year, the GBPHKD exchange rate was 10.5591 HKD; by its end, it reached 9.9773 HKD. The year's outstanding exchange rate value was 11.2559 HKD on 16th April 2018, and the lowest price was 9.7654 HKD on 11th December 2018. The year's average exchange rate was 10.4625 HKD.

2019

On 1st January 2019, the GBPHKD exchange rate was 9.9893 HKD; on 31st December 2019, it approached 10.3292 HKD. The year's remarkable and poor exchange rate was 10.5107 HKD on 12th December 2019 and 9.4374 HKD on 11th August 2019, respectively. However, the average was 10.0071 HKD.

2020

The year began with the exchange rate at 10.3275 HKD and ended at 10.6005 HKD, the year's best performance. The year's lowest GBPHKD price was 8.9198 HKD, and the average was 9.9564 HKD.

2021

On 1st January 2021, the GBPHKD exchange rate was 10.6013 HKD; on 31st December 2021, it reached 10.5493 HKD. The year's best and worst exchange rate was 11.034 HKD on 31st May and 10.2996 HKD on 8th December, respectively. The average exchange rate value for 2021 was 10.6924 HKD.

2022

At the year's inception, GBPHKD's price was 10.5493 HKD, ending at 9.4525 HKD. The best exchange rate for the year was 10.6796 HKD on 12th January 2022, and 8.3964 HKD was the worst value recorded on 26th September 2022. The year's average was 9.6847 HKD.

Current GBPHKD price

The current GBPHKD 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 GBPHKD a good investment?

Whether GBPHKD 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.

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