Hong Kong’s foreign exchange reserves fell to USD 430.8 billion in March 2026, the lowest level since December and down from USD 439.3 billion in the previous month. Including unsettled foreign exchange contracts, reserve assets stood at USD 430.5 billion, compared with USD 439.3 billion at the end of February. Despite the decline, reserves remained substantial, equivalent to more than five times the currency in circulation and around 38% of Hong Kong dollar M3.