HKD · English

Has your money kept pace?

Explore money supply, prices and the changing value of your currency.

Reference month: 2026-06Asia/Hong_KongData & methodology ↗

The Hong Kong dollar's linked exchange-rate system limits much of the currency effect against USD. Hong Kong and US M2 or CPI can still grow at different rates; a stable exchange rate does not make those benchmarks identical.

Money supply in motion

Local M2HKD

Trend estimate

1M HKD

Change per second: – HKD

Reference month: 2026-06 · Year-on-year: 2.65%

Source ↗

US M2USD

Trend estimate

1M USD

Change per second: – USD

Reference month: 2026-07 · Year-on-year: 5.41%

Source ↗

Trend projection using each series’ latest reference-month total and year-on-year growth, compounded continuously from the following month’s start (00:00 UTC) to the displayed time. Continues between visits and rebases when new data is published on this site; revisions may cause jumps. Not a live measurement or an official forecast. Demo series remain simulations.

FromTo

Local M2

9.28T HKD

2026-06 · Year-on-year: +2.6%

View data table

Local M2 · 2016-06 → 2026-06
Month	Local M2
2016-06	5.9T HKD
2016-07	6.01T HKD
2016-08	6.12T HKD
2016-09	6.19T HKD
2016-10	6.24T HKD
2016-11	6.27T HKD
2016-12	6.28T HKD
2017-01	6.43T HKD
2017-02	6.48T HKD
2017-03	6.6T HKD
2017-04	6.67T HKD
2017-05	6.75T HKD
2017-06	6.84T HKD
2017-07	6.96T HKD
2017-08	6.92T HKD
2017-09	7T HKD
2017-10	7.43T HKD
2017-11	7T HKD
2017-12	7.01T HKD
2018-01	7.25T HKD
2018-02	7.27T HKD
2018-03	7.23T HKD
2018-04	7.58T HKD
2018-05	7.27T HKD
2018-06	7.26T HKD
2018-07	7.27T HKD
2018-08	7.26T HKD
2018-09	7.3T HKD
2018-10	7.27T HKD
2018-11	7.23T HKD
2018-12	7.26T HKD
2019-01	7.35T HKD
2019-02	7.36T HKD
2019-03	7.44T HKD
2019-04	7.55T HKD
2019-05	7.48T HKD
2019-06	7.52T HKD
2019-07	7.51T HKD
2019-08	7.4T HKD
2019-09	7.44T HKD
2019-10	7.47T HKD
2019-11	7.47T HKD
2019-12	7.44T HKD
2020-01	7.54T HKD
2020-02	7.5T HKD
2020-03	7.44T HKD
2020-04	7.48T HKD
2020-05	7.49T HKD
2020-06	7.63T HKD
2020-07	7.94T HKD
2020-08	8.3T HKD
2020-09	8.24T HKD
2020-10	9T HKD
2020-11	7.95T HKD
2020-12	7.92T HKD
2021-01	9.29T HKD
2021-02	8.28T HKD
2021-03	8.13T HKD
2021-04	8.08T HKD
2021-05	8.13T HKD
2021-06	8.46T HKD
2021-07	8.08T HKD
2021-08	8.06T HKD
2021-09	8.09T HKD
2021-10	8.1T HKD
2021-11	8.1T HKD
2021-12	8.04T HKD
2022-01	8.16T HKD
2022-02	8.18T HKD
2022-03	8.21T HKD
2022-04	8.18T HKD
2022-05	8.12T HKD
2022-06	8.23T HKD
2022-07	8.18T HKD
2022-08	8.11T HKD
2022-09	8.02T HKD
2022-10	7.91T HKD
2022-11	8.01T HKD
2022-12	8.1T HKD
2023-01	8.29T HKD
2023-02	8.19T HKD
2023-03	8.29T HKD
2023-04	8.25T HKD
2023-05	8.2T HKD
2023-06	8.22T HKD
2023-07	8.2T HKD
2023-08	8.23T HKD
2023-09	8.21T HKD
2023-10	8.18T HKD
2023-11	8.22T HKD
2023-12	8.25T HKD
2024-01	8.23T HKD
2024-02	8.21T HKD
2024-03	8.25T HKD
2024-04	8.29T HKD
2024-05	8.32T HKD
2024-06	8.34T HKD
2024-07	8.36T HKD
2024-08	8.38T HKD
2024-09	8.45T HKD
2024-10	8.48T HKD
2024-11	8.41T HKD
2024-12	8.47T HKD
2025-01	8.6T HKD
2025-02	8.76T HKD
2025-03	8.89T HKD
2025-04	8.84T HKD
2025-05	9.12T HKD
2025-06	9.04T HKD
2025-07	8.88T HKD
2025-08	8.71T HKD
2025-09	8.83T HKD
2025-10	8.78T HKD
2025-11	8.79T HKD
2025-12	8.83T HKD
2026-01	8.93T HKD
2026-02	8.94T HKD
2026-03	9T HKD
2026-04	9.11T HKD
2026-05	9.21T HKD
2026-06	9.28T HKD

Source ↗

US M2

23.12T USD

2026-06 · Year-on-year: +5.3%

View data table

US M2 · 2016-06 → 2026-06
Month	US M2
2016-06	12.85T USD
2016-07	12.91T USD
2016-08	12.99T USD
2016-09	13.05T USD
2016-10	13.12T USD
2016-11	13.21T USD
2016-12	13.24T USD
2017-01	13.32T USD
2017-02	13.4T USD
2017-03	13.46T USD
2017-04	13.52T USD
2017-05	13.57T USD
2017-06	13.58T USD
2017-07	13.64T USD
2017-08	13.7T USD
2017-09	13.74T USD
2017-10	13.8T USD
2017-11	13.85T USD
2017-12	13.89T USD
2018-01	13.9T USD
2018-02	13.95T USD
2018-03	14.01T USD
2018-04	14.03T USD
2018-05	14.09T USD
2018-06	14.13T USD
2018-07	14.17T USD
2018-08	14.22T USD
2018-09	14.24T USD
2018-10	14.26T USD
2018-11	14.29T USD
2018-12	14.39T USD
2019-01	14.46T USD
2019-02	14.51T USD
2019-03	14.56T USD
2019-04	14.59T USD
2019-05	14.7T USD
2019-06	14.8T USD
2019-07	14.88T USD
2019-08	14.97T USD
2019-09	15.05T USD
2019-10	15.19T USD
2019-11	15.3T USD
2019-12	15.35T USD
2020-01	15.43T USD
2020-02	15.49T USD
2020-03	16.03T USD
2020-04	17.06T USD
2020-05	17.93T USD
2020-06	18.18T USD
2020-07	18.33T USD
2020-08	18.41T USD
2020-09	18.61T USD
2020-10	18.76T USD
2020-11	19T USD
2020-12	19.12T USD
2021-01	19.38T USD
2021-02	19.64T USD
2021-03	19.87T USD
2021-04	20.17T USD
2021-05	20.46T USD
2021-06	20.47T USD
2021-07	20.63T USD
2021-08	20.84T USD
2021-09	20.99T USD
2021-10	21.16T USD
2021-11	21.34T USD
2021-12	21.5T USD
2022-01	21.65T USD
2022-02	21.73T USD
2022-03	21.79T USD
2022-04	21.77T USD
2022-05	21.72T USD
2022-06	21.65T USD
2022-07	21.65T USD
2022-08	21.64T USD
2022-09	21.54T USD
2022-10	21.46T USD
2022-11	21.41T USD
2022-12	21.29T USD
2023-01	21.27T USD
2023-02	21.24T USD
2023-03	20.94T USD
2023-04	20.76T USD
2023-05	20.83T USD
2023-06	20.8T USD
2023-07	20.79T USD
2023-08	20.78T USD
2023-09	20.75T USD
2023-10	20.74T USD
2023-11	20.75T USD
2023-12	20.78T USD
2024-01	20.84T USD
2024-02	20.92T USD
2024-03	20.97T USD
2024-04	20.96T USD
2024-05	21.02T USD
2024-06	21.07T USD
2024-07	21.1T USD
2024-08	21.19T USD
2024-09	21.28T USD
2024-10	21.34T USD
2024-11	21.45T USD
2024-12	21.49T USD
2025-01	21.54T USD
2025-02	21.61T USD
2025-03	21.68T USD
2025-04	21.77T USD
2025-05	21.84T USD
2025-06	21.94T USD
2025-07	22.03T USD
2025-08	22.09T USD
2025-09	22.18T USD
2025-10	22.25T USD
2025-11	22.28T USD
2025-12	22.36T USD
2026-01	22.41T USD
2026-02	22.6T USD
2026-03	22.64T USD
2026-04	22.76T USD
2026-05	23.01T USD
2026-06	23.12T USD

Source ↗

Start at 100

Local M2 · US M2 · US M2 in local currency

View data table

Start at 100 · 2016-06 → 2026-06
Month	Local M2	US M2	US M2 in local currency
2016-06	100	100	100
2016-07	101.8	100.5	100.4
2016-08	103.7	101.1	101
2016-09	104.9	101.6	101.5
2016-10	105.7	102.1	102.1
2016-11	106.2	102.8	102.8
2016-12	106.5	103	103
2017-01	108.9	103.7	103.6
2017-02	109.8	104.2	104.2
2017-03	111.9	104.8	104.8
2017-04	113.1	105.2	105.4
2017-05	114.5	105.6	105.9
2017-06	115.9	105.7	106.2
2017-07	117.9	106.1	106.8
2017-08	117.3	106.6	107.4
2017-09	118.7	107	107.7
2017-10	126	107.4	108
2017-11	118.6	107.8	108.4
2017-12	118.8	108.1	108.8
2018-01	122.9	108.2	109
2018-02	123.2	108.6	109.4
2018-03	122.5	109.1	110.2
2018-04	128.4	109.2	110.4
2018-05	123.3	109.7	110.9
2018-06	123.1	110	111.2
2018-07	123.2	110.3	111.5
2018-08	123.1	110.7	111.9
2018-09	123.7	110.9	111.9
2018-10	123.2	111	112
2018-11	122.6	111.2	112.2
2018-12	123.1	112	112.8
2019-01	124.6	112.5	113.7
2019-02	124.8	112.9	114.1
2019-03	126.1	113.3	114.6
2019-04	128	113.6	114.8
2019-05	126.7	114.4	115.7
2019-06	127.4	115.2	116.1
2019-07	127.2	115.8	116.6
2019-08	125.4	116.5	117.7
2019-09	126.1	117.1	118.2
2019-10	126.6	118.2	119.4
2019-11	126.5	119.1	120.1
2019-12	126.1	119.5	120.1
2020-01	127.8	120	120.2
2020-02	127.1	120.6	120.8
2020-03	126.2	124.8	124.8
2020-04	126.8	132.8	132.6
2020-05	126.9	139.6	139.4
2020-06	129.3	141.5	141.3
2020-07	134.6	142.7	142.5
2020-08	140.7	143.3	143.1
2020-09	139.7	144.8	144.6
2020-10	152.6	146	145.8
2020-11	134.8	147.9	147.7
2020-12	134.3	148.8	148.6
2021-01	157.5	150.8	150.6
2021-02	140.3	152.9	152.7
2021-03	137.8	154.7	154.7
2021-04	137	157	157.1
2021-05	137.7	159.2	159.3
2021-06	143.4	159.3	159.3
2021-07	137	160.6	160.7
2021-08	136.6	162.2	162.7
2021-09	137.1	163.3	163.7
2021-10	137.2	164.7	165.1
2021-11	137.3	166.1	166.7
2021-12	136.4	167.3	168.1
2022-01	138.3	168.5	169.1
2022-02	138.7	169.1	169.9
2022-03	139.2	169.6	170.9
2022-04	138.6	169.4	171.1
2022-05	137.7	169	170.9
2022-06	139.4	168.5	170.3
2022-07	138.6	168.5	170.4
2022-08	137.5	168.4	170.3
2022-09	136	167.6	169.5
2022-10	134.2	167	168.9
2022-11	135.8	166.6	168.1
2022-12	137.2	165.7	166.2
2023-01	140.5	165.6	166.8
2023-02	138.9	165.3	167.1
2023-03	140.4	163	164.8
2023-04	139.9	161.6	163.4
2023-05	139	162.1	163.7
2023-06	139.3	161.9	163.3
2023-07	139	161.8	162.9
2023-08	139.4	161.7	163.1
2023-09	139.1	161.5	162.9
2023-10	138.6	161.4	162.7
2023-11	139.3	161.5	162.4
2023-12	139.8	161.7	162.7
2024-01	139.5	162.2	163.3
2024-02	139.1	162.8	164.1
2024-03	139.9	163.2	164.4
2024-04	140.6	163.1	164.5
2024-05	141.1	163.6	164.7
2024-06	141.4	164	165
2024-07	141.8	164.2	165.2
2024-08	142	164.9	165.7
2024-09	143.2	165.6	166.2
2024-10	143.7	166.1	166.2
2024-11	142.6	167	167.4
2024-12	143.7	167.2	167.5
2025-01	145.8	167.6	168.1
2025-02	148.5	168.2	168.6
2025-03	150.7	168.8	169
2025-04	149.8	169.4	169.5
2025-05	154.5	169.9	170.8
2025-06	153.3	170.8	172.7
2025-07	150.5	171.4	173.3
2025-08	147.7	171.9	173.4
2025-09	149.7	172.6	173.1
2025-10	148.8	173.2	173.4
2025-11	149	173.4	173.7
2025-12	149.7	174	174.4
2026-01	151.4	174.4	175.2
2026-02	151.6	175.9	177.1
2026-03	152.5	176.2	177.7
2026-04	154.5	177.1	178.7
2026-05	156.2	179.1	180.7
2026-06	157.4	179.9	181.6

US benchmarks first convert the starting amount into US dollars, apply the US M2 or CPI ratio, then convert at the ending exchange rate. Currency movements therefore affect the local-currency answer.

Calculators

HKD

01Past money valuePast money value · HKD→02Asset growth comparisonAsset growth comparison · HKD→03Future wealth needsFuture wealth needs · HKD→04Gold price comparisonGold price comparison · HKD→

Why the results differ

M2 measures a stock of broad money. Scaling an amount by the M2 ratio preserves its mathematical share of that aggregate; it does not measure the cost of a household shopping basket.

CPI tracks the average price of a defined basket of goods and services. The result estimates an equivalent basket cost, not your personal cost of living. National baskets and money definitions differ.

Notes

Practical explanations of money supply, prices and exchange rates, with sources and calculators.

M2CPI

M2 or CPI: what does “the value of HKD” actually mean?

Compare money-supply share and consumer purchasing power, with a worked example and a checklist for reading HKD calculations.

12 Sept 2026

USDExchange rate

Why exchange rates change a US benchmark expressed in HKD

Follow the three-step conversion from HKD to USD and back, and see how currency movements can change a money-value comparison.

12 Sept 2026

M2Trend estimate

Why the M2 counter moves: reading the HKD trend estimate

Understand the clock-based M2 projection, its reference month, annual growth assumption and the difference from published statistics.

12 Sept 2026