Hong Kong’s currency is the Hong Kong dollar (HK$). The Hong Kong dollar is divided into 100 cents. Bills are issued in denominations of HK$10, HK$20, HK$50, HK$100, HK$500 and HK$1000. Copper coins are worth 50c, 20c and 10c, while the $5, $2 and $1 coins are silver and the $10 coin is nickel and bronze. The Hong Kong dollar is pegged to the US dollar at a rate of US$1 to HK$7.80, though it is allowed to fluctuate a little.