US Dollar / Hong Kong Dollar vs US Dollar / Chinese Yuan

US Dollar / Hong Kong Dollar (USD/HKD) and US Dollar / Chinese Yuan (USD/CNY) compared side by side. Over the past 90 days, USD/HKD is ahead by 2.2 percentage points (USD/HKD +0.0% against USD/CNY -2.1%). Their daily returns move barely in opposite directions (correlation -0.17 across 284 shared trading days). USD/CNY has been the more volatile of the two, at 3% annualised against USD/HKD's 1%.

Correlation: -0.17
Ahead over 90 days: USD/HKD

US Dollar / Hong Kong DollarUSD/HKD

$7.8460

24h: -0.00%
Market cap: —
Volume 24h: —
Volatility (ann.): 1%

US Dollar / Chinese YuanUSD/CNY

$6.6723

24h: +0.36%
Market cap: —
Volume 24h: —
Volatility (ann.): 3%

Performance

USD/HKDUSD/CNY

7 days+0.13%-0.45%USD/HKD
30 days+0.05%-0.77%USD/HKD
90 days+0.05%-2.14%USD/HKD

Correlation

-0.17over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2190d: -0.141y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USD/HKD	USD/CNY
Max drawdown (400d)	-0.2%	-7.3%
Risk-adjusted return (90d)	0.11	-1.58

Relative strength over 90 days: USD/HKD outperformed USD/CNY by 2.2% — measured on the USD/HKD/USD/CNY ratio, so it holds regardless of market direction.

US Dollar / Hong Kong Dollar →US Dollar / Chinese Yuan →