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country currency pairs eurhkd

Euro vs Hong Kong Dollar

Euro vs Hong Kong Dollar (EURHKD)

The EURHKD currency pair is a vital component of the foreign exchange market, representing the exchange rate between the Euro EUR and the Hong Kong Dollar HKD.

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Annual change
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All time High / Low
7.48305 / 10.5173
Buy

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Sell

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Daily price range:
Low
8.49105
High
8.5165

EURHKD Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: -39.08
  • Swap Short: -6.56
  • Margin Group: FX Majors
  • Margin Currency: EUR
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of EURHKD

The history of the EURHKD currency pair reflects the economic and financial dynamics between the Eurozone and Hong Kong. Since its inception, this pair has seen fluctuations influenced by a variety of factors, including changes in economic policies, global market trends, and geopolitical developments. Hong Kong’s role as a major international financial center and its ties to the Chinese economy have also influenced the EURHKD exchange rate.

currency pair eurhkd

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Frequently Asked Questions

EURHKD represents the currency pair consisting of the euro EUR and the Hong Kong dollar HKD. It shows the exchange rate between these two currencies, indicating how many Hong Kong dollars are needed to purchase one euro. The EURHKD pair is commonly traded in the Forex market, with fluctuations in the exchange rate reflecting the relative strength or weakness of the euro against the Hong Kong dollar. Traders and investors analyze this pair to identify potential trading opportunities and make decisions based on market conditions, economic factors, and geopolitical events that can impact the EURHKD exchange rate.

To trade the EURHKD pair, you need to open an account. Once you have an account, you can use a trading platform provided by the broker to place trades on the EURHKD pair. You will need to analyze market conditions, monitor economic factors, and stay informed about news that can impact the exchange rate. Based on your analysis, you can then enter and exit trades using various order types such as market orders, limit orders, or stop orders. Remember to use risk management techniques and have a solid understanding of the Forex market to trade the EURHKD pair effectively.

The trading hours for EURHKD can be found here

Popular trading strategies for the EURHKD pair include trend following, swing trading, breakout trading, and fundamental analysis. Trend-following strategies involve identifying and trading with prevailing price trends. Swing trading focuses on capturing short- to medium-term price swings. Breakout trading looks for key support and resistance levels to enter trades when price breaks out. Fundamental analysis involves monitoring economic indicators, central bank policies, and geopolitical events that can affect the EURHKD exchange rate. Traders can choose the strategy that aligns with their trading style and risk tolerance.

When trading the EURHKD pair, consider factors like economic data from the Eurozone and Hong Kong, central bank policies, political developments, and global market sentiment. Pay attention to interest rate differentials between the Euro and Hong Kong Dollar, as they can impact the exchange rate. Be aware of the pair’s inherent volatility and the potential for rapid price movements. Implement risk management strategies to protect your investments and stay informed about broader economic and geopolitical events that can influence the EURHKD exchange rate. Thorough analysis and vigilance are crucial for successful trading in this currency pair.