Exotic pair
USD/HKD: volatility, trading hours and correlation
The US dollar against the Hong Kong dollar. USD/HKD has averaged 29 pips a day over the last 90 days, with recent volatility below its one-year norm. It tends to move most between 00:00 and 03:00 UTC.
- Last close
- 7.84763 16 October 2026
- Avg daily range
- 29 pips 90 days · 0.04% of price
- 1-year change
- +0.99% USD stronger vs HKD
- 52-week range
- 7.76575 – 7.84845 Low to high
USD/HKD over the last 12 months
Daily closes
When USD/HKD moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare USD/HKD with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Tuesday is typically busiest and Monday quietest.
Calendar-year performance
% change in USD/HKD each year, latest year to date
USD/HKD seasonality
Average % change by calendar month across the last 9 years. January has been the strongest month on average and September the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | +0.11% | +0.09% | +0.03% | -0.02% | +0.08% | 0.00% | 0.00% | +0.01% | -0.11% | -0.03% | -0.04% | -0.07% |
| Years up | 89% | 89% | 67% | 33% | 33% | 56% | 67% | 44% | 22% | 44% | 44% | 33% |
USD/HKD correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for USD/HKD.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 3 March 2026 | 228 pips | -0.21% | 4.9× |
| 4 March 2026 | 179 pips | +0.16% | 3.9× |
| 26 March 2026 | 142 pips | +0.10% | 3.1× |
| 25 March 2026 | 136 pips | -0.10% | 2.9× |
| 24 March 2026 | 135 pips | -0.09% | 2.9× |
USD/HKD pip value
Value of a one-pip move (0.0001) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
 USD | 1.27 USD | 0.13 USD | 0.013 USD |
 EUR | 1.13 EUR | 0.11 EUR | 0.011 EUR |
 GBP | 0.96 GBP | 0.10 GBP | 0.010 GBP |
 HKD | 10.00 HKD | 1.00 HKD | 0.100 HKD |
About USD/HKD
USD/HKD shows how many Hong Kong dollars (HKD) it takes to buy one US dollar (USD). When the price rises, the US dollar is strengthening against the Hong Kong dollar.
USD is issued by the Federal Reserve. It tends to respond to Federal Reserve rate expectations, US jobs and inflation data, and global risk appetite, since the dollar is the world’s main reserve and funding currency.
HKD is issued by the Hong Kong Monetary Authority. It tends to respond to the Hong Kong Monetary Authority’s peg, which holds USD/HKD within a narrow 7.75–7.85 band.
With an average range of about 29 pips a day, a stop loss of 9–17 pips is roughly a third to two-thirds of a normal day for USD/HKD. Always size your position from the stop distance with the lot size calculator.
USD/HKD FAQ
What is the average daily range of USD/HKD?
Over the last 90 days USD/HKD moved an average of 29 pips from high to low each day, about 0.04% of its price. Over the past year the average was 46 pips, and over the last 20 trading days it was 21 pips.
What is the best time to trade USD/HKD?
In the past year USD/HKD was most active between 00:00 and 03:00 UTC, and the Asian session produced the largest average range (37 pips). The quietest hour was 18:00 UTC. Tuesday was its busiest weekday on average.
What is USD/HKD most correlated with?
Based on daily returns over the last year, USD/HKD moved most closely with CAD/CHF (correlation 0.15) and most inversely with GBP/CAD (-0.17).
How much is one pip worth on USD/HKD?
One pip on USD/HKD is 0.0001 of the price. For one standard lot (100,000 USD) that is 10 HKD, or about $1.27 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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