Banknotes in Hong Kong are issued in the denominations of HK$1,000, $500, $100, $50, $20 and $10. Coins are issued in the denominations of HK$10, $5, $2, $1, 50 cents, 20 cents and 10 cents. Since 1983, Hong Kong dollar had been tied to US dollar at the approximate rate of US$1 = HK$7.80. Since the rate does fluctuate slightly, checking the bank for the current rate of exchange gives a more updated rate.
