164 Hong Kong Dollars to Euros

The key reason for Euro to Dollar exchange rate decline was the difference in return on investments in assets denominated in Dollars and Euro. Wednesday, 29 August By mid , Euro exchange rate was equal to 1. The market is likely to trade with a weak momentum in the next few sessions, as dollar gains strength on the back of positive factors. If you void a journal entry in a foreign currency, the system creates a reversing journal entry for ledger types AA actual amounts and CA foreign currency amounts. On contemporary financial markets fibo group broker is one of the largest and oldest players in online

Euro to Hong Kong Dollar Chart. This EUR/HKD Chart lets you see this pair's currency rate history for up to 10 years! XE uses highly accurate, live mid-market rates.

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Sunday, 9 September Saturday, 8 September Friday, 7 September Thursday, 6 September Wednesday, 5 September Tuesday, 4 September Monday, 3 September Sunday, 2 September Saturday, 1 September Friday, 31 August Thursday, 30 August Wednesday, 29 August Tuesday, 28 August Monday, 27 August Sunday, 26 August Saturday, 25 August Friday, 24 August Thursday, 23 August Wednesday, 22 August Tuesday, 21 August Monday, 20 August Sunday, 19 August Saturday, 18 August Friday, 17 August The system uses the Ledger Type Master File table F to determine the ledgers that require intercompany settlements.

For transactions in a foreign currency, this report lists AA and CA ledger amounts that are out of balance. The AA amounts represent the domestic side of an entry. The CA amounts represent the foreign side of an entry.

Both the AA and CA ledgers must be in balance. For transactions in a foreign currency, this report lists both the CA ledger and converted AA amounts. Additionally, it lists the currency code of the CA ledger amount and the domestic currency of the company for the AA ledger amount.

If you use detailed currency restatement, the program produces a separate General Ledger Post Report. Whether the account to which you post is a monetary account currency-specific or non-monetary account. These examples illustrate the differences. In the examples, the base currency for company is U. This table shows how the system stores summarized balances in the F table: This table shows how the system updates balances in the F table for monetary accounts: This table shows how the system updates balances in the F table for non-monetary accounts: When you enter a journal entry, the system writes these amounts to the F table: The adjusting entry is identical to the original AA ledger record except that: The amount is an adjusting debit or credit.

Multicurrency Intercompany Settlement In this example, you create a journal entry for 1, This table shows how system creates entries in the AA actual amounts ledger: Account Amount Ledger Type 1. Figure T-account for multicurrency intercompany journal entries Description of ''Figure T-account for multicurrency intercompany journal entries''. Figure T-account for multicurrency intercompany adjusting entries Description of ''Figure T-account for multicurrency intercompany adjusting entries''.

Figure T-account for multicurrency intercompany automatic entries Description of ''Figure T-account for multicurrency intercompany automatic entries''. Enter a journal entry in a foreign currency.

Unless you enter a specific currency code in the Currency field, the system uses the account number on the first line of the journal entry determines the transaction currency: For multiple currencies prior to release 8. Domestic amounts were stored in the Amount field of the AA actual amounts ledger record whereas foreign amounts were stored in the Amount field of the CA foreign currency ledger record for both tables.

Enter journal entries in a foreign currency. Effective Date Specify whether the system validates the effective date of the exchange rate against the fiscal period of the journal entry. Do not validate the effective date. You can review the domestic side of a foreign journal entry by clearing the Foreign check box on the Journal Entry form. Changing currency codes and exchange rates. You cannot change the currency code or exchange rate on an existing journal entry.

Instead, you must do one of these things: Voiding journal entries in a foreign currency. If you void a journal entry in a foreign currency, the system creates a reversing journal entry for ledger types AA actual amounts and CA foreign currency amounts. Entering model journal entries in a foreign currency. The system does not allow you to enter a model journal entry with a foreign currency CA ledger type. The system cannot create CA ledger entries for models because models do not contain a general ledger date.

The system uses the general ledger date to retrieve an exchange rate. You can enter a model journal entry in the domestic currency only. Entering journal entries with tax in a foreign currency. The multicurrency fields in the P program are the same as the fields in the Journal Entry program P For information specific to posting general ledger transactions in a multicurrency environment, review the information in the Multicurrency Considerations column in the following table: By early , the interest rate in the USA was reduced to 1.

Return on investments in Euro became more profitable, and Euro exchange rate started to strengthen. Starting from mid , the USA started to raise the interest rate, and, by early , it exceeded the rate in Europe — 2. The signs of impending financial crisis in the USA began to be manifested in the segment of residential real estate as early as Financially disadvantaged citizens, who had contracted mortgage loans at low interest rate to purchase housing, were unable to repay their debts at higher rate.

Thereby, the amount of loan repayments form many citizens increased by several times, which resulted in their massive default and, eventually, led to the crisis of the entire US financial sphere. In , the US banks, which invested their funds in mortgage market instruments most actively, found themselves on the verge of bankruptcy. Some banks, for instance, the largest Lehman Brothers, failed to cope with the situation and dropped out of the game.

Some banks required financial assistance from the Government, including the largest funds crediting the purchase of housing. The attractiveness of American assets in the eyes of investors sharply declined due to concerns over further instability. Euro Zone market seemed more stable and more attractive than the US market. Euro interest rate was growing and exceeded the American in mid The US Federal Reserve, in contrast, started to reduce the rate in , and, by the end of that year, the rate was at its minimum of 0.

From to mid , the exchange rate of Euro to Dollar increased from 1. However, in a large measure, the funds were spent on the stock market.

US stock market began its rapid growth and started to attract new investments from around the world. American banks began to return their capitals to the country, which resulted in the urgent disposal of investments in the markets of developing countries. On the other hand, until mid , the rates in Euro remained higher than those in Dollars. Euro to Dollar exchange rate entered the period of high volatility variability.

Euro exchange rate was fluctuating in the range of 1. In early , Euro exchange rate was at the level of 1.

EUR/HKD Currency Converter

Get live exchange rates for Euro Member Countries to Hong Kong Dollar. Use XE's free calculator to convert foreign currencies and precious metals. XE: Convert EUR/HKD. convert hkd to eur online With this simple and accurate online currency converter you can convert Hong Kong Dollars to Euros (HKD to EUR) in real time. The calculator allows performing conversion with the foreign exchange rates that are continuously updated and sourced directly from the interbank market. Current exchange rate EURO (EUR) to HONG KONG DOLLAR (HKD) including currency converter, buying & selling rate and historical conversion chart.