Since 1983, Hong Kong's currency has been tied to which country's currency?

Hong Kong's currency has been tied to the United States dollar (USD) since 1983 through a linked exchange rate system known as the currency board arrangement. This system stabilizes the Hong Kong dollar by pegging it to the USD in a defined range. The linkage to the U.S. dollar helps maintain financial stability and provides confidence to investors and businesses in Hong Kong, as it offers a stable currency which is widely accepted in international trade. As a result, fluctuations in the Hong Kong dollar are closely aligned with movements in the U.S. dollar, reflecting the economic environment of the U.S. and its influence on global markets. This system has remained in place over the decades, supporting the economic and financial structure of Hong Kong.