According to the latest semi-annual survey of the Hong Kong Foreign Exchange Market released by the Hong Kong Treasury Markets Association, in April 2026, the average daily turnover of foreign exchange transactions in Hong Kong was US$908.2 billion. Among them, the trading volume of the US dollar against the RMB surpassed the US dollar against the Hong Kong dollar for the first time, making it the most actively traded currency pair in the Hong Kong market. Specifically, in April, the average daily turnover of the US dollar against the RMB was US$274 billion, accounting for 30.2% of all foreign exchange transactions in Hong Kong, exceeding US$24.2 billion of the US dollar against the Hong Kong dollar. Among them, the US dollar traded 259.2 billion US dollars against the offshore renminbi, making it the main force. According to industry analysts, Hong Kong uses the Hong Kong dollar as its local currency, while the US dollar has become the most actively traded currency pair against the renminbi, which highlights Hong Kong's long-standing position as an offshore RMB business hub.

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