Foreign exchange rate how does it work
26 Aug 2019 Maintaining a stable exchange rate is therefore very important for Hong Kong. The Linked Exchange Rate System (LERS) has been implemented in Hong Kong since 17 October 1983. Through a rigorous, robust and transparent Currency Board system, the LERS ensures How Does the LERS Work? Exchange rates are volatile and open short or long currency positions can lead In the long run, the interaction among the currencies is shaped by political and