HK dollar ranks below yuan

Bloomberg

The Hong Kong dollar became the ninth most traded currency in the world earlier this year, ranking just below the yuan, according to the Bank for International Settlements (BIS).
The city’s currency accounted for 3.5 percent of global average daily turnover in April, compared with
1.7 percent during the same month in 2016, the latest triennial survey by BIS showed.
That helped it climb four spots and nearly match the yuan, whose share rose to
4.3 percent from 4 percent
in 2016.

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