Under the Linked Exchange Rate System, movements in the Hong US dollar. As the US dollar weakened against most major currencies during 2025, the trade-weighted Hong Kong dollar Nominal and Real Effective Exchange Rate Indices3) decreased by 3.2% and 2.9 respectively in the year. The Hong Kong dollar broad money supply (HK$M3) rose by 4.2% over end-2024 to $8,844 billion at end-2025, and the seasonally adjusted Hong Meanwhile, total deposits with authorized institutions (AIs)() increased by 11.8% to $19,431 billion, within which Hong Kong dollar deposits and foreign currency deposits increased by 3.8% and 18.5% respectively.