Hong Kong has adopted a fixed exchange rate regime with the US dollar since 1983, with a rate of 1 USD to 7.80 HKD (between 7.75 and 7.85 HKD per 1 USD since 2005). As a result, the only operational target of the monetary authority (HKMA) is the Hong Kong dollar exchange rate against the US dollar.
Looking at the USDHKD in the W chart, I have noticed that it is...
