How does the HKD affect the value of digital currencies?

1 answers

• May 11, 2022 · 3 years ago
  The exchange rate of the Hong Kong Dollar (HKD) can affect the value of digital currencies. When the HKD appreciates, it becomes more expensive for investors to buy digital currencies using HKD, which can lead to a decrease in demand and a potential decrease in their value. On the other hand, when the HKD depreciates, it becomes cheaper for investors to purchase digital currencies using HKD, which can increase demand and potentially drive up their value. It's important for investors to consider the exchange rate of the HKD when evaluating the value and potential returns of digital currencies.
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