MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Outdoor Performance Venue management to move into private hands in Q2 2027

  • Spain seeks deeper investment ties ahead of tourism forum

  • UBS, CLSA: Casino earnings set to fall as costs outpace revenue

  • Residents call for preservation as gov’t launches Patio do Espinho renewal

  • Consumer confidence continued to erode in Q3

  • Macau and Philippines sign new Air Services Agreement

China
Home›China›The Buzz | Hong Kong Dollar drops to lowest since band implemented in 2005

The Buzz | Hong Kong Dollar drops to lowest since band implemented in 2005

By -
Monday, March 5, 2018
112
0

Hong Kong’s currency depreciated to the weakest level since the government widened a trading band against the greenback in 2005, putting pressure on the monetary authorities to slow its downward trajectory.

The exchange rate dropped to HKD7.8315 per dollar on Friday, approaching the weak end of its trading band. The Hong Kong dollar has slumped 0.9 percent over the past 12 months as low lending costs in the city make it lucrative to borrow the currency to buy the U.S. dollar.

The slump is a test for the city’s de-facto central bank, which will be compelled to intervene should the currency weaken to 7.85 per U.S. dollar. While additional bill sales last year helped support the currency, the Hong Kong Monetary Authority said in December it had no plans to take such a move. Interbank lending rates in Hong Kong are the lowest since 2008 versus those in America.

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Print (Opens in new window) Print

Like this:

Like Loading…

Related

Previous Article

Australia urges Indonesia against showing cleric leniency

Next Article

World briefs

Related articles More from author

  • ChinaHeadlines

    China’s ruling party congress offers look at future leaders

    Friday, October 21, 2022
    By -
  • China

    Gov’t deploys Confucius in bid to boost religion controls

    Wednesday, May 29, 2019
    By -
  • China

    Taiwan holds military drills to defend against ‘the threat of a Chinese invasion’

    Thursday, February 1, 2024
    By -
  • China

    Rescuers try to find 15 still trapped by mine blast in Chongqing

    Wednesday, November 2, 2016
    By -
  • China

    Beijing calls for borderless research to promote AI development

    Tuesday, September 18, 2018
    By -
  • China

    China uproots ethnic minority villages in anti-poverty fight

    Wednesday, September 23, 2020
    By -

Leave a reply Cancel reply

You must be logged in to post a comment.

  • Macau

    Guia Circuit – almost untouched

  • World

    This day in history | 1959 Castro sworn in as Cuban PM

  • China

    China says a surge in respiratory illnesses caused by flu, other known pathogens

DAILY EDITION

Wednesday, October 14, 2026 – edition no. 5054
Wednesday, October 14, 2026 – edition no. 5054

Greater Bay

MDT MACAU GRAND PRIX SPECIAL

October 2026
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Sep    

Timeline

  • Wednesday, October 14, 2026

    Outdoor Performance Venue management to move into private hands in Q2 2027

  • Wednesday, October 14, 2026

    Spain seeks deeper investment ties ahead of tourism forum

  • Wednesday, October 14, 2026

    UBS, CLSA: Casino earnings set to fall as costs outpace revenue

  • Wednesday, October 14, 2026

    Residents call for preservation as gov’t launches Patio do Espinho renewal

  • Wednesday, October 14, 2026

    Consumer confidence continued to erode in Q3

  • Wednesday, October 14, 2026

    Macau and Philippines sign new Air Services Agreement

  • Wednesday, October 14, 2026

    UM sets 22,000-student target in five-year plan focused on Hengqin

  • Wednesday, October 14, 2026

    Guangzhou-Macau flights take off in December

  • Wednesday, October 14, 2026

    Woman caught smuggling silver pellets at Gongbei

  • Wednesday, October 14, 2026

    MGTO features Macau culinary heritage at World Food Forum

Extra Times

Extra TimesTaste of Edesia

Hawker Hawker welcomes St. Regis Chengdu’s executive Chinese chef Mike Li for an exclusive ‘Savor ...

This autumn, Hawker Hawker at W Macau invites discerning diners on a culinary journey to China’s spice-loving heartland with a limited-time guest-chef collaboration featuring Executive Chinese Chef Mike Li of ...
  • ‘Digger,’ a Dr. Strangelove for the climate change era

    By MDT/AP
    Friday, October 9, 2026
  • The Time Ritual : Your Time, Your Way

    By -
    Friday, October 9, 2026
  • A culinary dialogue: Chef Homan Tsui and Chef Chang Longshan reunite in MGM Macau

    By Irene Sam, MDT
    Friday, September 25, 2026
  • In ‘Primetime,’ a sinister shift in media, with a dazzling Robert Pattinson

    By MDT/AP
    Friday, September 25, 2026
  • Recent

  • Popular

  • Outdoor Performance Venue management to move into private hands in Q2 2027

    By Yuki Lei, MDT
    Wednesday, October 14, 2026
  • Spain seeks deeper investment ties ahead of tourism forum

    By Nadia Shaw, MDT
    Wednesday, October 14, 2026
  • UBS, CLSA: Casino earnings set to fall as costs outpace revenue

    By Nadia Shaw, MDT
    Wednesday, October 14, 2026
  • Residents call for preservation as gov’t launches Patio do Espinho renewal

    By Yuki Lei, MDT
    Wednesday, October 14, 2026
  • Consumer confidence continued to erode in Q3

    By Ricaela Diputado, MDT
    Wednesday, October 14, 2026
  • Macau and Philippines sign new Air Services Agreement

    By Ricaela Diputado, MDT
    Wednesday, October 14, 2026
  • UM sets 22,000-student target in five-year plan focused on Hengqin

    By Yuki Lei, MDT
    Wednesday, October 14, 2026
  • Canidrome may have its days numbered, decision in ‘one or two months’

    By Paulo Coutinho, MDT
    Thursday, May 26, 2016
  • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

    By -
    Wednesday, May 4, 2016
  • Editorial | Canidoomed

    By Paulo Coutinho, MDT
    Wednesday, June 1, 2016
  • Animal Welfare | Canidrome presented with ultimatum: close or move

    By Daniel Beitler, MDT
    Friday, July 22, 2016
  • Australia regulator cracks down on alleged exportation of dogs to Macau

    By Paulo Coutinho, MDT
    Friday, June 10, 2016
  • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

    By Catarina Pinto
    Monday, July 6, 2015
  • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

    By Daniel Beitler, MDT
    Friday, May 27, 2016
  • Contact our Administrator
  • Contact our Editor-in-Chief
  • Contacts
  • Our Team
  • Privacy Policy
  • Terms and Conditions
  • Editorial Statute
  • Code of Ethics
COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
MACAU DAILY TIMES
  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Loading Comments...

You must be logged in to post a comment.

%d