Notes & coins in Hong Kong
The official currency of Hong Kong is the Hong Kong dollar (HKD), often shown as "$" or "HK$". The dollar is divided into 100 cents, and each 10 cents is called a "houh". There are banknotes to the value of 10, 20, 50, 100, 500 and 1000 HKD and coins worth 10, 20 and 50 cents and 1, 2, 5 and 10 HKD.
Cash or card?
The use of credit cards in Hong Kong is widespread - you can pay by card at most restaurants and attractions, except for some smaller shops and places to eat. Most card types are accepted, but it's always advisable to carry two cards and some cash (in dollars or euros), just in case you have encounter any issues. Make sure to make sure to check your overseas charges with your bank before travelling, and to inform them that you'll be going abroad, to avoid any nasty surprises!
Where to exchange money in Hong Kong?
Hong Kong has no currency control so you can buy HKD before you travel or on arrival. There are exchange desks found in the airport, hotels and other tourist areas, but their rates tend to be among the worst in the city.
The best rates are usually found withdrawing the local currency from an ATM on arrival in your destination. These will charge commission - usually around 4% - but tend to have a better rate. As always though, check your bank charged before travelling.
At the time of writing, the exchange rate for Hong Kong Dollar is: US$ 1 = 7.75 HKD.