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What Currency Is Used in Hong Kong? Your Guide to the Hong Kong Dollar

Visiting Hong Kong soon? Here’s a guide to help you handle money with confidence, so you can focus on enjoying the sights, tastes, and experiences.

The Currency in Hong Kong: Hong Kong Dollar (HKD)

The official currency of Hong Kong is the Hong Kong Dollar, shown as HK$ to set it apart from other dollar currencies.

Pile of Hong Kong dollar banknotes in various denominations
  • Code: HKD
  • Banknotes: Come in 10, 20, 50, 100, 500, and 1,000 denominations.
  • Coins: Available in 10, 20, 50 cents, as well as HK$1, $2, $5, and $10.

When you need HKD cash, ATMs offer a good rate. Currency exchanges are available at airports, hotels, and tourist areas, but remember that they tend to have higher fees than local banks or ATMs.

Tips for Exchanging Money in Hong Kong

Hong Kong makes currency exchange pretty easy. Here are some tips to get the most for your money:

  • ATMs: They’re common throughout the city and usually offer better rates than exchange desks.
  • Airport and Hotel Desks: While convenient, these tend to charge higher fees.
  • Finding the Best Rate: In general, you’ll get better rates away from high-traffic tourist areas.

Checking rates before your trip is a good idea to avoid surprises, and sticking to HKD rather than paying in foreign currency will often save you money.

Payment Methods: Cash, Cards, and Contactless

Hong Kong is card-friendly, but cash is still king in local markets and smaller eateries.

  • Credit and Debit Cards: Widely accepted in hotels, stores, and restaurants. Visa and Mastercard are the most common options.
  • Cash: Handy for markets, food stalls, and smaller vendors. Having a mix of bills and coins makes quick transactions easier.
  • Contactless Cards: Prepaid contactless cards are used by locals and tourists alike, allowing for tap-and-go payments on public transport, in convenience stores, and even some restaurants.

For quick payments without counting coins or bills, these contactless cards are a popular choice and can be topped up easily at stations and kiosks.

Using Foreign Currency in Hong Kong

Although Chinese Yuan (RMB) is accepted at some spots, especially near tourist areas, it’s generally best to stick to HKD.

  • Limited Acceptance: Only a few large chains and convenience stores will take RMB.
  • Higher Costs: Paying in RMB often involves a markup, so it’s usually more cost-effective to exchange for HKD.
  • Best Practice: Converting your currency into HKD upfront is typically the easiest way to manage expenses.

Tips for ATMs and Card Usage

ATMs are everywhere in Hong Kong, making it easy to access cash as needed

Person inserting a bank card into an ATM
  • Choose HKD: When withdrawing or paying by card, always select HKD to avoid extra fees.
  • ATM Charges: Some ATMs may charge a fee, so check with your bank to see if they offer any partnerships in Hong Kong.
  • Notify Your Bank: To avoid holds on your account, inform your bank of your travel plans in advance.

Accessing cash in HKD directly at ATMs is convenient, and choosing local currency often gives the best value.

Final Thoughts: Ready to Travel?

Getting to know Hong Kong’s currency and payment options makes it easy to dive into the city’s vibrant experiences.

You’ll be set to enjoy everything from markets and street food to sightseeing and shopping, hassle-free.

Next steps? Check your bank’s travel options, grab a contactless card for easy payments, and get ready to explore!

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