EUR/HKD Exchange Rate Today — Live Chart and Analysis

EUR/HKD is an exchange rate that specifies how many NOK(Hong Kong Dollar) can be converted into one EUR (Euro), therefore the base currency is EUR and the price currency is HKD. If this rate declines, it means that HKD appreciates relative to EUR and if this rate increases it means that the HKD depreciates against the EUR. There are many macroeconomic factors/events (fundamentals) that affect EUR/HKD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between the Europe and Hong Kong, the latter imports 10% of Europe’s total exports, whereas Europe imports 12% of Hong Kong's total exports. The largest component of European exports is machinery and electrical and electronic equipment, whereas Hong Kong's largest export components is electricals and electronic equipment and pearls. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.