No, You cannot view EUR/HKD in same view as EUR/USD.
As per Wikipedia:
A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong by Honorary Vice-President at the University of Hong Kong, Professor Y.C. Jao, to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar.
Unlike a fixed exchange rate system, the government or central bank does not actively interfere in the foreign exchange market by controlling supply and demand of the currency in order to influence the exchange rate. The exchange rate is instead stabilized by an exchange mechanism, whereby the Hong Kong Monetary Authority (HKMA) authorises note-issuing banks to issue new banknotes provided that they deposit an equivalent value of US dollars with the HKMA. The Government, through the HKMA, authorises three commercial banks to issue banknotes:
So in a concise manner:
- Comparing the EUR/HKD to the EUR/USD is impaired thinking, a term you should find yourself comfortable with, since you did some research.
- You say nobody cares about this pair? It is such a complicated logistical algorithmic nightmare that people are not willing to put their lack of knowledge on the line to promote it…Doesn’t mean that no-one cares about it…Simply means that even the so called experts are not stupid enough to touch it.
It is the holy grail of profit…Or the demise of a trading account.
Since it means nothing to you, why did you reply with nothing?