A mish-mash of cultures and influences, this former British colony now exists as a politically unique region of China. It’s best known for its high-rise skyline and densely-populated streets. But over half of the region is mountainous or covered with lush national parks. One of the world’s best transport systems gets you around, from traditional villages to sandy beaches.
Hong Kong isn’t known for its budget holidays. But if you’re staying in the cheapest hostels and eating at noodle bars, you can still keep yourself to a budget. Daily spend: £20-40
Guesthouses and mid-range hotels will be your biggest expense. But taxis here are much cheaper than the UK and you can eat well for less at even the fancier local restaurants. Daily spend: £50-60
The best hotels and restaurants here cost as much as they would in any of the world’s big cities. Daily spend: £150-250
Prices are approximate and subject to change.
Money saving tips for Hong Kong
Get the Octopus card. It’s the local version of London’s Oyster card and gets you discounted fares on trams, buses and trains.
Haggle in the markets. You can sometimes cut the advertised price in half. Getting around the language barrier is easy – the stall owner will ask you to tap in your proposed price on a calculator.
Take self-guided walking tours. At the airport there are lots of maps that you can pick up for free.
The smart way to travel
Keep track of your holiday spending and instantly convert local prices into pounds with our free smartphone apps. There are three handy apps to download for iOS and Android, including Travel Essentials, Travel Money Card & Currency Converter. You can also download an instant currency converter for your Apple Watch.
Hong Kong’s currency – the basics
The currency of Hong Kong is the Hong Kong dollar.
Banknotes come in denominations of 10, 20, 50, 100, 500 and 1,000.
One Hong Kong dollar is subdivided into 100 cents.
Bank of China, HongKong & Shanghai Banking Corporation (HSBC), Hong Kong Monetary Authority and Standard Chartered Bank all issue their own versions of the same note denominations. At any one time there may be four different 20 denominations in circulation at the same time
In Hong Kong, different amounts of money have their own slang terms e.g. the 1,000 dollar bill is known as the ‘big bull’.
The Hong Kong dollar is the 8th most traded currency in the world
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