The Hong Kong dollar has reached its highest level in three and a half years, with year-end demand surging, pushing the short-term borrowing costs of the Hong Kong dollar to record highs. The exchange rate against the US dollar hit 7.7609 on Monday, the highest since June 2021, with a 0.3% increase in December Exchange Rates. Meanwhile, the overnight Banks interbank offered rate (Hibor) rose to 6.5%, setting a historical high.
港元升至2021年以来最强水平 隔夜Hibor创历史最高
The Hong Kong dollar has risen to its strongest level since 2021, with the overnight Hibor reaching a historical high.
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