On the eve of the Christmas holiday, Hong Kong dollar exchange rates generally rose. The overnight interbank interest rates rebounded to 4.47441%.
24/12/2024
GMT Eight
On the eve of the Christmas holidays, the Hong Kong dollar interbank interest rates almost all rose, with the overnight rate stopping two consecutive declines and rebounding by nearly 45 basis points to 4.47441%, the highest since November 11. The one-month interest rates related to the property market also rose for seven consecutive days, reaching 4.53952%, setting a new high since October 8.
Interest rates rose again by 35 basis points last week to 4.88417%. The three-month interbank rate reflecting bank funding costs increased slightly to 4.35304%, while the six-month rate was 4.18577%, but the twelve-month rate remained at 4.2%. US economic data varied, and the US dollar exchange rate improved. The Hong Kong dollar exchange rate reached a high of 7.7683 against the US dollar this morning, hitting a one-week high, and was latest at 7.7702, in line with the previous closing price.