The Hong Kong Monetary Authority (HKMA) has bought around 6.9bn Hong Kong dollars to support the currency.
The Hong Kong dollar trades in a "band" set by the HKMA
- the current trading band is set at 7.75 to 7.85 Hong Kong dollars per US dollar
- If the exchange rate of the Hong Kong dollar moves outside the band, the HKMA will intervene by buying or selling Hong Kong dollars in the foreign exchange market to bring the exchange rate back within the trading band
