Currency.Wiki

1 Yemeni Rial to Hong Kong Dollar

Updated 1 minute ago
Convert 1 YER:HKD
 YER =
    HKD
 Yemeni Rial =  Hong Kong Dollars
Trending: YR exchange rates for the last 24 hours
  • YER/USD 0.003993 -0.00000119
  • YER/EUR 0.003704 0.00000052
  • YER/JPY 0.621842 0.02551677
  • YER/GBP 0.003187 0.00002442
  • YER/CHF 0.003622 0.00012737
  • YER/MXN 0.066904 -0.00134180
  • YER/INR 0.333484 0.00192267
  • YER/BRL 0.020472 0.00068684
  • YER/CNY 0.028847 0.00040115

YER/HKD exchange rate analysis over the past 90 days

Yemeni Rial to Hong Kong Dollar exchange rate: Over the last 90 days, the Yemeni Rial weakened by -0.11% against the Hong Kong Dollar, declining from HK$0.0312 to HK$0.0312 per Yemeni Rial. This trend reflects the evolving economic dynamics between the Yemen and the Hong Kong. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Yemen and Hong Kong.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Yemen and Hong Kong.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Yemen or Hong Kong.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Yemen relative to the Hong Kong.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

yer/hkd Historical Chart

YR
Yemeni Rial Currency

Country: Yemen

Symbol: YR

ISO Code: YER

Bank: Central Bank of Yemen

Interesting fact about Yemeni Rial

The Yemeni Rial (YER) is the official currency of Yemen. It was introduced in 1996, replacing the North Yemeni rial and the South Yemeni dinar. With a fixed exchange rate since 2018, it has devalued significantly due to the ongoing civil war and economic crisis. The YER's significance lies in its role as the primary medium of exchange in Yemen's struggling economy, affected by inflation and a shortage of basic necessities.

HK$
Hong Kong Dollar Currency

Country: Hong Kong

Symbol: HK$

ISO Code: HKD

Bank: Hong Kong Monetary Authority

Interesting fact about Hong Kong Dollar

The Hong Kong Dollar (HKD) is the official currency of Hong Kong. Its history dates back to 1863 when it was first introduced as a result of Hong Kong becoming a British colony. The HKD is pegged to the US Dollar and is managed by the Hong Kong Monetary Authority. It plays a crucial role in Hong Kong's economy, functioning as a widely accepted payment method and facilitating international trade.

Quick Conversion Guide

Frequently Asked Questions

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The Yemeni Rial to Hong Kong Dollar exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 YER to HKD is HK$0.03.
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Yes, our site provides historical charts that show the trends and fluctuations in the Yemeni Rial to Hong Kong Dollar exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.