
Forex
USD/HKD Peg: What the Convertibility Band Actually Does
USD/HKD peg: the HKMA keeps a published convertibility zone from 7.75 to 7.85, and the Aggregate Balance plus real flows push the spot toward either edge.

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USD/HKD peg: the HKMA keeps a published convertibility zone from 7.75 to 7.85, and the Aggregate Balance plus real flows push the spot toward either edge.
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