<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"><channel><title>HKD · Notes</title><description>Explore money supply, prices and the changing value of your currency.</description><link>https://capswindow.com/hkd/en/</link><language>en-HK</language><item><title>M2 or CPI: what does “the value of HKD” actually mean?</title><link>https://capswindow.com/hkd/en/notes/m2-vs-cpi-value/</link><guid isPermaLink="true">https://capswindow.com/hkd/en/notes/m2-vs-cpi-value/</guid><description>Compare money-supply share and consumer purchasing power, with a worked example and a checklist for reading HKD calculations.</description><pubDate>Fri, 11 Sep 2026 21:39:54 GMT</pubDate></item><item><title>Why exchange rates change a US benchmark expressed in HKD</title><link>https://capswindow.com/hkd/en/notes/exchange-rates-us-benchmarks/</link><guid isPermaLink="true">https://capswindow.com/hkd/en/notes/exchange-rates-us-benchmarks/</guid><description>Follow the three-step conversion from HKD to USD and back, and see how currency movements can change a money-value comparison.</description><pubDate>Fri, 11 Sep 2026 21:39:54 GMT</pubDate></item><item><title>Why the M2 counter moves: reading the HKD trend estimate</title><link>https://capswindow.com/hkd/en/notes/m2-counter-trend-estimate/</link><guid isPermaLink="true">https://capswindow.com/hkd/en/notes/m2-counter-trend-estimate/</guid><description>Understand the clock-based M2 projection, its reference month, annual growth assumption and the difference from published statistics.</description><pubDate>Fri, 11 Sep 2026 21:39:54 GMT</pubDate></item></channel></rss>