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The Professor to Hong Kong Dollar Converter and calculator

Convert 1The Professor (LAB) to Hong Kong Dollar (HKD) equals $ 0.006575 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of The Professor(LAB) to Hong Kong Dollar(HKD). This is the real-time data. The current conversion shows 1 LAB at a value of 1 LAB for 0.01 HKD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

HKD information

About the Hong Kong Dollar (HKD)

What Is the Hong Kong Dollar (HKD)?

The Hong Kong dollar (HKD), symbolized as HK$, is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Dollar is the sole legal tender in Hong Kong, and it is widely used for all transactions within the territory. While Hong Kong is a part of China, it has a separate currency and operates under a different monetary system than mainland China, which uses the Chinese Yuan (CNY).

The Hong Kong Dollar (HKD) is issued by both the government and three major commercial banks, making it one of the few currencies in the world with such a dual issuance system. The government, through the Hong Kong Monetary Authority (HKMA), issues coins and the HK$10 banknotes, while the larger denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000 are issued by The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong).

What Is the History of HKD?

The HKD's history dates back to the early days of Hong Kong as a British colony. Initially, various foreign currencies circulated in the region. The first local currency, the Hong Kong silver dollar, was minted in 1863. However, it faced resistance from the local population, accustomed to the silver Spanish dollar system. The 20th century saw several shifts in HKD's value, pegged at different times to the British pound and the US dollar. Since 1983, HKD has been linked to the US dollar at a rate of HK$7.80 = US$1, providing stability and confidence in Hong Kong's financial system.

Notes and Coins of HKD

Banknotes in Hong Kong are distinctively issued by three major commercial banks - The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong) - alongside the government, a rarity in global banking. These notes, available in denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000, feature advanced security measures like watermarks and holograms, and occasionally, commemorative notes are released to mark significant events. The coinage, comprising denominations of 10 cents, 20 cents, 50 cents, HK$1, HK$2, HK$5, and HK$10, showcases designs that include the Bauhinia flower, a symbol of Hong Kong, and varies in composition from nickel-brass to cupronickel and brass-plated steel.

Can You Use HKD in Other Countries?

The Hong Kong Dollar (HKD) is predominantly used within Hong Kong and is not officially recognized as a currency in other countries. However, it finds notable acceptance in Macau, where, despite the Macanese Pataca being the official currency, HKD is widely accepted in various establishments due to the close economic ties and geographical proximity between the two regions. Additionally, in some border areas of Mainland China, particularly cities like Shenzhen, HKD might occasionally be accepted, primarily in businesses that cater to tourists from Hong Kong. Beyond these areas, HKD generally isn't accepted for everyday transactions, and travelers are advised to exchange it for the local currency or rely on international credit/debit cards. The HKD's status as a freely convertible currency facilitates its exchange in major cities and financial centers worldwide, reflecting Hong Kong's global financial significance.

Is HKD a Stable Currency?

The Hong Kong Dollar (HKD) is considered a stable currency, largely due to its peg to the US Dollar under a linked exchange rate system since 1983. This arrangement, supported by the Hong Kong Monetary Authority's substantial foreign exchange reserves, ensures consistent value and predictability. Coupled with Hong Kong's robust financial system and prudent fiscal policies, the HKD maintains stability despite global economic influences and its connection to Mainland China's economy, reinforcing its reliability in the global financial market.

What Is the Relationship Between HKD and CNY?

The Hong Kong Dollar (HKD) and the Chinese Yuan (CNY), also known as the Renminbi (RMB), maintain a distinctive relationship underpinned by the "one country, two systems" principle, allowing them to function as separate currencies despite Hong Kong's status as a Special Administrative Region of China. The HKD, pegged to the US Dollar, operates under a linked exchange rate system providing stability, while the CNY follows a managed floating rate system, reflecting different economic policies and market dynamics. This separation facilitates significant trade and investment flows between Hong Kong and Mainland China, necessitating frequent currency conversions. Hong Kong's role as an international financial center means that fluctuations in the HKD can influence the CNY, particularly in terms of capital flows and investment trends, and vice versa. Crucially, Hong Kong serves as the largest offshore Renminbi trading center, playing a pivotal role in the internationalization of the Renminbi, while both regions maintain a degree of policy coordination and communication, especially in broader economic strategies within China.

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Bitget crypto-to-fiat exchange data shows that the most popular The Professor currency pair is the LAB to HKD, with for The Professor's currency code being LAB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HKD.

LAB to HKD conversion rate trend

1D7D1M3M1YAll
In the past 1D, The Professor has changed -3.18% to HKD. Based on the trend and price charts, The Professor(LAB) has changed -3.18% to HKD while Hong Kong Dollar(HKD) has changed % to LAB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0.006505
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 00:33:03(UTC+0)

How to buy The Professor

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy The Professor (LAB)
Use a variety of payment options to buy The Professor on Bitget. We'll show you how.

Buy LAB (or USDT) for HKD (Hong Kong Dollar) offers

Bitget P2P trading does not currently support direct buying of LAB with HKD. However, you can buy USDT in Bitget P2P trading first, and then buy LAB with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
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Sell LAB (or USDT) for HKD (Hong Kong Dollar) offers

Bitget P2P trading currently does not support direct selling of LAB to HKD. However, you can first exchange LAB for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of The Professor to Hong Kong Dollar?

The Professor to Hong Kong Dollar is falling this week.
The Professor's current market price is $ 0.006575 per LAB, with a total market cap of $ 0 HKD based on a circulating supply of -- LAB. The trading volume of The Professor has changed by +61.16% ($ 37,302.1 HKD) in the last 24 hours. Last trading day, LAB's trading volume was $ 60,986.71.
Market cap
$0
24h volume
$12.65K
Circulating supply
0 LAB

Conversion tables

The exchange rate of The Professor is decreasing.
1 LAB is currently valued at $ 0.006575 HKD , which means buying 5 LAB will cost $ 0.03288 HKD . Similarly, $1 HKD can be traded for 152.09 LAB, and $50 HKD can be converted to 7,604.27 LAB, excluding any platform or gas fees.
The exchange rate of 1 LAB to Hong Kong Dollar has changed by -38.12% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.18%, reaching a high of 0.006955 HKD and a low of 0.006315 HKD . One month ago, the value of 1 LAB was $ 0.01062 HKD , which represents a -38.09% change from its current value. Over the last year, The Professor has changed by
-$
0.01542HKD
, resulting in a change of -70.11% in its value.

LAB to HKD

Amount
03:53 am today
0.5 LAB
$0.003288
1 LAB
$0.006575
5 LAB
$0.03288
10 LAB
$0.06575
50 LAB
$0.3288
100 LAB
$0.6575
500 LAB
$3.29
1000 LAB
$6.58

HKD to LAB

Amount03:53 am today
0.5HKD76.04  LAB
1HKD152.09  LAB
5HKD760.43  LAB
10HKD1,520.85  LAB
50HKD7,604.27  LAB
100HKD15,208.54  LAB
500HKD76,042.72  LAB
1000HKD152,085.45  LAB

Today vs. 24 hours ago

Amount03:53 am today24 hours ago24h change
0.5 LAB$0.0004230$0.0004369
-3.18%
1 LAB$0.0008461$0.0008739
-3.18%
5 LAB$0.004230$0.004369
-3.18%
10 LAB$0.008461$0.008739
-3.18%
50 LAB$0.04230$0.04369
-3.18%
100 LAB$0.08461$0.08739
-3.18%
500 LAB$0.4230$0.4369
-3.18%
1000 LAB$0.8461$0.8739
-3.18%

Today vs. 1 month ago

Amount03:53 am today1 month ago1M change
0.5 LAB$0.0004230$0.0006833
-38.09%
1 LAB$0.0008461$0.001367
-38.09%
5 LAB$0.004230$0.006833
-38.09%
10 LAB$0.008461$0.01367
-38.09%
50 LAB$0.04230$0.06833
-38.09%
100 LAB$0.08461$0.1367
-38.09%
500 LAB$0.4230$0.6833
-38.09%
1000 LAB$0.8461$1.37
-38.09%

Today vs. 1 year ago

Amount03:53 am today1 year ago1Y change
0.5 LAB$0.0004230$0.001415
-70.11%
1 LAB$0.0008461$0.002830
-70.11%
5 LAB$0.004230$0.01415
-70.11%
10 LAB$0.008461$0.02830
-70.11%
50 LAB$0.04230$0.1415
-70.11%
100 LAB$0.08461$0.2830
-70.11%
500 LAB$0.4230$1.42
-70.11%
1000 LAB$0.8461$2.83
-70.11%

The Professor price prediction

What will the price of LAB be in 2025?

Based on LAB's historical price performance prediction model, the price of LAB is projected to reach $0.001808 in 2025.

What will the price of LAB be in 2030?

In 2030, the LAB price is expected to change by -8.00%. By the end of 2030, the LAB price is projected to reach $0.002691, with a cumulative ROI of +188.52%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between The Professor and HKD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as The Professor and HKD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of The Professor in HKD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.