Posted by
tggb
20 yrs ago
Anyone else feeling the pinch when travelling overseas and not getting much for our HKD anymore since it's pegged to the USD? We were all worried about the gov't depegging the currency, but if they did today, could we even be better off? There's talk that the USD might go down even further.
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TC
20 yrs ago
Quite possibly it will go down...but then it will probably come back up again. It all happens in cycles.
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Brit
20 yrs ago
long term we are almost certain to peg to the RMB (or float). The peg will come under even more pressure once the RMB/HKD rate goes through parity - and it will not be worth keeping it. THe USD is going down for a while but its the RMB that is more relevant to us
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