The Hong Kong Dollar is the official currency of Hong Kong and is used as a currency for investing and financial markets. It is a major reserve currency and is widely accepted by banks and financial institutions. It is also used to buy and sell stocks and bonds, and to purchase commodities. It is an important currency for international trade and is used to settle payments and debt between countries. The Hong Kong Dollar is also a safe haven, meaning it can be used as a store of value when other currencies are volatile. It is often used as a hedging tool by investors, providing a measure of stability when other currencies experience volatility.