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How much is HK$ 1 equal to RMB?
According to the middle foreign exchange rate of 65438+2020 1 October 3,1Hong Kong dollar can be converted into RMB 0.8953. From 65438 to 0935, Hong Kong's monetary system was based on the silver standard.

After the global silver crisis, the government announced that it would abandon the silver standard, and the Hong Kong dollar was linked to the British pound at the exchange rate of 16 Hong Kong dollars 1 British pound. Faced with the currency crisis and doubts about the soundness of many banks, the Hong Kong government announced a new policy of stabilizing the exchange rate of the Hong Kong dollar on June 1983, June 10 and June 15, linking the Hong Kong dollar to the US dollar, with a fixed exchange rate of HK$ 7.80 1 US dollar. This arrangement has become the basis of Hong Kong's monetary system.

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Under normal circumstances, some smaller joint-stock banks will have higher exchange rates. In addition, domestic residents have a limit of 50 thousand dollars per person per year, and foreign exchange can only be settled next year if the limit is exceeded.

Customers can handle it with their valid identity documents, fill in relevant documents and pay cash. Valid identification documents include: my ID card (China citizen, household registration book (/kloc-China citizen under 0/6), military ID card (China People's Liberation Army), Armed Police ID card (China People's Armed Police), Hong Kong and Macao residents' mainland travel permit (Hong Kong and Macao residents), mainland travel permit for taiwan residents (Taiwan Province residents) and passport (foreign citizens).