Hong Kong Forex Reserves Highest Since 2022

Hong Kong’s foreign exchange reserves rose to USD 439.2 billion in February 2026, the highest since July 2022, and up from USD 435.6 billion in the previous month. No unsettled foreign exchange contracts were recorded at the end of February or January. These reserves now stand at over five times the currency in circulation and represent around 38% of Hong Kong dollar M3.

Hong Kong’s foreign exchange reserves rose to a three-year high of USD 435.6 billion in January 2026, from USD 427.8 billion in December 2025. The reserves remain more than five times the currency in circulation and represent approximately 38% of the Hong Kong dollar M3. At the end of January, there were no unsettled foreign exchange contracts.

Hong Kong’s foreign exchange reserves fell to USD 427.9 billion in December 2025, down from USD 429.4 billion in November, according to the Hong Kong Monetary Authority. The reserves remain more than five times the currency in circulation and represent approximately 38% of the Hong Kong dollar M3. At the end of December, there were no unsettled foreign exchange contracts.