Hong Kong Forex Reserves Largest Since 2022

Hong Kong’s foreign exchange reserves rose to US$442.1 billion in April 2026 from US$430.8 billion in March, marking the highest reading since June 2022. There were no unsettled foreign exchange contracts at the end of April, compared with US$0.3 billion in March. Despite the increase, reserves remained ample, equivalent to more than five times the currency in circulation and around 38% of Hong Kong dollar M3.

Hong Kong’s foreign exchange reserves fell to USD 430.8 billion in March 2026, the lowest level since December and down from USD 439.3 billion in the previous month. Including unsettled foreign exchange contracts, reserve assets stood at USD 430.5 billion, compared with USD 439.3 billion at the end of February. Despite the decline, reserves remained substantial, equivalent to more than five times the currency in circulation and around 38% of Hong Kong dollar M3.

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.