The HKMA’s Linked Exchange Rate System (LERS) has been reinforcing the city’s financial stability for almost 40 years. With the HKMA’s recent buying of HKD and selling of USD when the weak-side Convertibility Undertaking is triggered, the Aggregate Balance naturally fluctuates during balancing actions. There is nothing to worry about as this is completely in line with the design and expectation of the system.

To learn more about the LERS, the Aggregate Balance, and how the HKMA ensures Hong Kong’s currency stability, watch our video now.

#LERS #ExchangeRate #AggregateBalance #FinancialStability #Centralbank

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