Convert HKD to INR – Hong Kong Dollar to Indian Rupee Online

Converting currencies could be quite a monotonous task. However, if you approach it with a playful tactic, it could be interesting. In case, you’re planning a trip to Hong Kong from India or vice-versa, you must know the value of 1 HKD to INR. You should be familiar with the HKD to INR conversion process so that you don’t need somebody to convert the currencies for you. This will help you plan your expenses accordingly. 

Not only have we just explained the conversion of HKD to INR, but we have also defined HKD, INR, their relationship, differences, and more. To make the conversion process even simpler, we have also covered a few examples. 

Overview of HKD(Hong Kong Dollar)

The Hong Kong Dollar, as the name suggests, is Hong Kong Special Administrative Region’s official currency. It is either symbolised as HK$ or HKD. One HKD is equal to 1000 cents or 1000 mils. The Hong Kong Monetary Authority is the financial administration of Hong Kong and HKD. 

Hong Kong Monetary Authority has issued the license to three commercial banks in the country, namely- Bank of China, HSBC, and Standard Chartered to generate their own banknotes for general circulation in Hong Kong. 

These banks issue their own banknotes denomination of HK$20, HK$50, HK$100, HK$500, and HK$1000. All designs are replicate each other in the same denomination of banknote. However, all the coins and HK$10 are issued by the Government of Hong Kong. As of April 2019, the HKD became the ninth most traded currency across the globe. 

History of HKD(Hong Kong Dollar)

The Hong Kong Dollar was declared the official currency on November 9, 1935; with an exchange rate linked to the British pound. This incident was followed by Hong Kong, when in 1935, China ditched the silver standard officially.

Overview of INR(Indian Rupee)

INR is the official currency of India and is known as the Indian Rupee. Moreover, INR is the currency code for the International Organisation for Standardisation for the Indian currency. Currently, the symbol of the Indian Rupee is ₹. Earlier, it was denoted by Rs. 

Typically, a Rupee is sub-divided into 100 paise, where one paisa used to be the smallest denomination of the Indian Rupee. However, over time and with inflation, paisa lost its value and now, since 2019, ₹ 1 coin became the smallest denomination of the rupee. 

The Reserve Bank of India (RBI) acts as the governing body for the issuance of the Indian Rupee. It derives its purpose in the management of currency based on the guidelines of the RBI Act, 1934.  

History of INR(Indian Rupee)

If we talk about the origin, the INR gains its name from a silver coin and the word “Rupiya,” which was first adopted by Sultan Sher Shah Suri in the 16th Century. The name is a combination of “₹” (ra), a Devanagri consonant and “R”, the Latin capital letter or alphabet without its vertical bar. 

This new symbol of rupee (₹) was officially accepted in 2010. If we talk about the history of the Indian Rupee, it dates back to India in 6th Century BCE. Anciently, India was among the earliest coin issuers in the world, besides Lydian staters and Chinese wen. 

Sultan Sher Shah Suri issued a silver coin during his reign from 1540 to 1545. The coin weighed 178 grains (11.53 grams). It was known as the Rupiya. 

HKD to INR Forecast

Given below is the prediction of Hong Kong Dollars to Indian Rupees for the years 2022 and 2023. 

How to Convert HKD to INR?

Prior to converting Hong Kong Dollar to Indian Rupee, you should be aware of the relationship between these currencies. To make the process simpler, we chave taken teh conversion value as on 17th February 2022.

Mathematically, the relationship between the two can be described as follows:

1 HKD = 9.62 INR

And INR = 0.10 HKD

Now that you know the value of 1 HKD in INR, you can proceed with the conversion process. 

Multiply the value of HKD by 9.62 and solve the equation. The value you receive will be in Indian Rupees. 

To offer you better clarity on the same, we have also mentioned the formula for converting HKD to INR. It is-

INR = value of HKD x 9.62

Let’s solve a few examples for better understanding.

Example 1: Convert 500 Hong Kong Dollars in Indian Rupees

Sol: Putting the value of HKD in the aforementioned formula, we will get-

INR = 500 x 9.62 = 4810.

Hence, 500 HKD is equivalent to 4810 INR.

Don’t Miss it!

Example 2: Convert 1000 Hong Kong Dollars in Indian Rupees

Sol: Following the same process as above, we will get-

INR = 1000 x 9.62 = 9620.

Hence, 1000 Hong Kong Dollar is equivalent to 9620 Indian Rupee. 

HKD vs INR

Besides the fact that they are official currencies of Hong Kong and India, there are a few other grounds that shows how distinct they are from each other. Some of them are as follows:

HKD to INR Conversion Chart

FAQ’s about Convert HKD to INR