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Hong Kong dollar: research record

Evidence coverage: 1863–1866. This is the span of collected observations, not the currency’s lifetime.

This record includes associated currencies and earlier interpretations. The article selects the evidence relevant to its own history.

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Currency continuity

Hong Kong dollar

HKD · Research draft
One scoped currency identity. Changes to subdivisions, scale, standard, instruments or issuers do not by themselves create children. A distinct account unit can remain a successor.
Current currency in the inherited endpoint register.
Dated observations: 1863–1866; this does not establish the entire lifetime.

Parents / predecessors

Pound sterlingaccount unit contribution · qualified · 1864 · later absorption or contribution
↗
Mexican pesoaccount unit branching · qualified · 1863–1866
↗

Children / successors

No distinct successor currency is established in the loaded view.

Siblings

Macao patacaShared predecessor: Mexican peso

Step-parents / adopted bases

Dated changes of monetary basis; founding ancestry remains above.

◇ Pound sterlingexchange rate anchor

Hong Kong instituted a sterling anchor in 1935. Postwar tables document its continuation and 1967 parity change before the switch to USD.

1935 introduction; postwar evidence 1946–1972

Initially 16 HKD per GBP; 14.55 from 23 November 1967.

Exchange Fund and certificates backing banknote issue; postwar official parity regime.

  • 1967-11-23 — 14.55 HKD per GBP; revaluation within the sterling anchor.

Wartime operation and the exact pre-1972 break following sterling flotation are not fully resolved; do not read the outer dates as uninterrupted daily convertibility.

The recorded episode ends at the stated boundary. Excluded from ancestry, sibling relationships and depth.

Evidence and relationship details Register entry →
◇ United States dollarexchange rate anchor

Hong Kong fixed its dollar to USD in July 1972, changed the parity in February 1973, and ended the commitment when it floated in November 1974.

6 July 1972 – 26 November 1974

5.65 HKD per USD initially; 5.085 from 14 February 1973.

Government undertaking to maintain the specified exchange rate.

  • 1973-02-14 — 5.085 HKD per USD.

Separate from the 1983 currency-board episode. No dollar anchor is drawn across the floating interval.

The recorded episode ends at the stated boundary. Excluded from ancestry, sibling relationships and depth.

Evidence and relationship details Register entry →
◇ United States dollarexchange rate anchor

Hong Kong restored a USD link through its currency-board system in 1983; the inspected later description specifies a 7.75–7.85 exchange band.

17 October 1983; confirmed in the 2024 description

1983 linked rate: 7.80 HKD per USD; later observed band: 7.75–7.85.

Currency-board note-issue mechanism and operational exchange band.

  • 2024-06-27 — 7.75–7.85 HKD per USD band in the inspected description. (observation, not introduction date)

End not established in this review. The later band is not backdated to 1983.

No ending established here; this is not a claim of current operation. Excluded from ancestry, sibling relationships and depth.

Evidence and relationship details Register entry →

Standards and other context

local issue on imported currency standard

Hong Kong’s local silver-dollar issue developed from circulating Spanish and Mexican silver dollars. One traced standard input; the 1935 sterling link is not its origin.

C954, C1655

Latest research

Modern account-unit review

Hong Kong’s local silver-dollar issue developed from circulating Spanish and Mexican silver dollars. One traced standard input; the 1935 sterling link is not its origin. The retained evidence establishes a metal or valuation standard, not succession of the principal unit of account. Keep it as profile context; exclude it from ancestry traversal.

Sources and qualifications →
Monetary history 5 events

Includes dated issues, standards, subdivisions and institutional changes. Each event retains the source's date qualifications.

1863Mintage

Hong Kong’s museum records foreign coins in 1841, local coins in 1863, and the 1935 local-unit declaration.

C119
1935Hong Kong local-unit declaration

Hong Kong’s museum records foreign coins in 1841, local coins in 1863, and the 1935 local-unit declaration.

C119
1983Linked Exchange Rate System introduced

HKMA dates the Linked Exchange Rate System to 17 October 1983 and describes today’s 7.75–7.85 HKD per USD band.

C121
1863–1866Local issue on imported currency standard

Hong Kong’s local silver-dollar issue developed from circulating Spanish and Mexican silver dollars. One traced standard input; the 1935 sterling link is not its origin.

C954
1863–1866Local issue on imported currency standard

Mexican dollars were another input to Hong Kong’s local silver-dollar standard.

C955
Evidence & research notes 13 claims

Dated observations, not a proven complete lifespan.

Supported C119

Hong Kong’s museum records foreign coins in 1841, local coins in 1863, and the 1935 local-unit declaration.

Hong Kong Museum of History (1993) · Hong Kong Currency Citation S53 · Open source ↗

Historical overview

Source access and limitations

Historical publication; not a current denomination list.

Occupation narrative does not prove every transaction used military notes.

Supported C120

The museum describes Japanese military notes during occupation and resumption of local currency afterwards.

Hong Kong Museum of History (1993) · Hong Kong Currency Citation S53 · Open source ↗

Occupation paragraph

Source access and limitations

Historical publication; not a current denomination list.

Occupation narrative does not prove every transaction used military notes.

Supported C121

HKMA dates the Linked Exchange Rate System to 17 October 1983 and describes today’s 7.75–7.85 HKD per USD band.

Hong Kong Monetary Authority · Linked Exchange Rate System Citation S54 · Open source ↗

Opening paragraph

Source access and limitations

Current band is not retroactively imposed on 1983.

Supported C123

AMCM’s 2010 review reports a fixed middle rate of 1.03 patacas per Hong Kong dollar.

Monetary Authority of Macao, Research and Statistics Department (2010) · Monetary and Financial Stability Review Citation S56 · Open source ↗

Printed pp. 37–38

Source access and limitations

Historical 1.03 peg observation; exact inception and all subsequent legal amendments not inferred.

Supported C165

HKMA distinguishes coins dated 1863 from their 1864 arrival and notes the mint’s closure in 1868.

Hong Kong Monetary Authority · Hong Kong coinage Citation S85 · Open source ↗

PDF p. 2 / printed p. 19

Source access and limitations

1863 coin date and 1864 arrival differ; a gap in dollar coins does not end the HKD currency.

Supported C954

Hong Kong’s local silver-dollar issue developed from circulating Spanish and Mexican silver dollars. One traced standard input; the 1935 sterling link is not its origin.

Hong Kong Monetary Authority · Monetary Systems in Hong Kong’s History Citation S453 · Open source ↗

PDF pp. 2 and 4: silver-dollar basis, local 1866 issue and 1935 currency reform

Supported C955

Mexican dollars were another input to Hong Kong’s local silver-dollar standard.

Hong Kong Monetary Authority · Monetary Systems in Hong Kong’s History Citation S453 · Open source ↗

PDF pp. 2 and 4: silver-dollar basis, local 1866 issue and 1935 currency reform

Inference C1164

Hong Kong law converted specified public sterling payments into dollar payments at 4s2d per dollar from 16 February 1864. Assignment to the later distinct Hong Kong dollar is a qualified regional-continuity inference. This is a public-account contribution, not its sole founding ancestry.

Hong Kong Ordinance No. 1 of 1864: Conversion of British Currency · Hong Kong Ordinance No. 1 of 1864: Conversion of British Currency, with Governor proclamation 22 January 1864 Citation S560 · Open source ↗

Section 1; preamble; Governor proclamation; 1890 edition vol.1 pp.572–575

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Full official-law transcription inspected; OCR imperfections do not affect currency/conversion provisions.

Inference C1165

Hong Kong’s locally issued dollar system developed within accounting legally denominated by reference to the Mexican dollar; the 1864 law makes local cents and mils fractions of that dollar and converts public sterling obligations into it. Qualified local differentiation; compresses development into a territorial unit. No exact date of separate currency identity is inferred from the first local coin issue. Supersedes standard-only treatment of the existing MXN reference, rather than adding duplicate edge.

Hong Kong Ordinance No. 1 of 1864: Conversion of British Currency · Hong Kong Ordinance No. 1 of 1864: Conversion of British Currency, with Governor proclamation 22 January 1864 Citation S560 · Open source ↗

Section 1; preamble; Governor proclamation; 1890 edition vol.1 pp.572–575

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Full official-law transcription inspected; OCR imperfections do not affect currency/conversion provisions.

Supported C1655

Hong Kong’s local silver-dollar issue developed from circulating Spanish and Mexican silver dollars. One traced standard input; the 1935 sterling link is not its origin.

Hong Kong Monetary Authority · Monetary Systems in Hong Kong’s History Citation S453 · Open source ↗

; retained source evidence behind C954

Supported C1961

Hong Kong instituted a sterling anchor in 1935. Postwar tables document its continuation and 1967 parity change before the switch to USD.

Hong Kong Monetary Authority · Monetary Systems in Hong Kong’s History Citation S453 · Open source ↗

Printed pp.7 and 9; PDF indices 3 and 5

Hong Kong Government / Hong Kong Monetary Authority · Exchange Value of the Hong Kong Dollar, Appendix 18 Citation S1019 · Open source ↗

Part A, dated entries 18 December 1946 through 17 October 1983

Source access and limitations

Cross-rates in the table do not create additional anchors. 1946 is a witnessed postwar regime, not its original founding.

Supported C1962

Hong Kong fixed its dollar to USD in July 1972, changed the parity in February 1973, and ended the commitment when it floated in November 1974.

Hong Kong Government / Hong Kong Monetary Authority · Exchange Value of the Hong Kong Dollar, Appendix 18 Citation S1019 · Open source ↗

Part A, dated entries 18 December 1946 through 17 October 1983

Source access and limitations

Cross-rates in the table do not create additional anchors. 1946 is a witnessed postwar regime, not its original founding.

Supported C1963

Hong Kong restored a USD link through its currency-board system in 1983; the inspected later description specifies a 7.75–7.85 exchange band.

Hong Kong Government / Hong Kong Monetary Authority · Exchange Value of the Hong Kong Dollar, Appendix 18 Citation S1019 · Open source ↗

Part A, dated entries 18 December 1946 through 17 October 1983

Source access and limitations

Cross-rates in the table do not create additional anchors. 1946 is a witnessed postwar regime, not its original founding.

Hong Kong Monetary Authority · Linked Exchange Rate System Citation S54 · Open source ↗

Opening paragraph; page last revised 27 June 2024

Source access and limitations

Current band is not retroactively imposed on 1983.

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