Current Forecast of Hong Kong Dollar to US Dollar
Units: HKD per USD, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for Hong Kong Dollar to US Dollar
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
The Hong Kong Dollar
The Hong Kong dollar, or cny, is the currency of Hong Kong and is also used in Macau. The Hong Kong dollar is the 13th most traded currency in the world.