Today's CNY to HKD Price Update

Summary

This report provides the real-time exchange rate between the Chinese Yuan (CNY) and Hong Kong Dollar (HKD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Chinese Yuan (CNY) is the primary legal currency of mainland China, while the Hong Kong Dollar (HKD) serves as the official currency of Hong Kong. The exchange rate between them reflects market dynamics in the Greater China region and investor confidence in both currencies’ stability.

Today’s Price

• 1 CNY = 1.13 HKD
• 24h High: 1.1315 HKD
• 24h Low: 1.1304 HKD

Market Analysis

Recent CNY/HKD price movements reflect ongoing market dynamics in the Greater China region. Technical indicators present mixed signals for traders:

• Technical Indicators: The 14-day RSI reading of 55.690 suggests neutral conditions, while moving average analysis shows 12 Sell signals against 0 Buy signals, indicating a Strong Sell outlook from longer-term moving averages (MA5 to MA200)
• Volatility: 30-day volatility stands at 0.40%, reflecting relatively stable price action
• 52-week Range: The pair has traded between 1.03 HKD and 1.13 HKD over the past year

Conclusion

Continue to monitor the CNY/HKD pair closely. The current technical setup presents a cautious outlook with bearish signals from moving averages, despite neutral RSI conditions. Traders should exercise prudent risk management and await clearer directional signals before establishing new positions.