Hong Kong Dollar / Turkish Lira
HKD/TRY
Product information
What is Hong Kong Dollar / Turkish Lira (HKD/TRY)?
HKD/TRY is the cross rate showing how many Turkish lira one Hong Kong dollar is worth. The Hong Kong dollar is the currency of Hong Kong, a special administrative region of China, and is managed by the Hong Kong Monetary Authority (HKMA). Most banknotes are issued by three commercial banks authorized by the HKMA.
Since 1983, Hong Kong has operated the Linked Exchange Rate System: the Hong Kong dollar is kept within a narrow band against the US dollar, and the HKMA commits to buying and selling foreign currency at the limits of the band. Because of this structure, HKD/TRY moves at an almost fixed ratio to USD/TRY, and the driver of change in the rate is largely the Turkish lira.
Under this system, interest rates in Hong Kong also closely follow US rates. The HKD/TRY value on Lzzo.com is a reference calculated via the US dollar from market exchange rates, not a bank buy/sell price; it should not be used in place of a bank or exchange office rate.
Sources: hkma.gov.hk
- Name
- Hong Kong Dollar / Turkish Lira
- Symbol
- HKD/TRY
- Market
- Currencies
What to look for in the technical analysis of Hong Kong Dollar / Turkish Lira
Moving averages help assess the trend and RSI helps assess momentum. Indicators are calculated from real history; when there is not enough history or the required candle fields are missing, the indicator is not calculated. Past results do not guarantee future performance.
Technical indicators
Calculated from observed daily candles (at least 201 observations). No intraday indicators. Indicators are descriptive, not a buy/sell recommendation.