external url to image

Is there a way to have a image I am including using the img tag to also be a hyperlink to a website?

So far I have this:

<$Img:CourseCoupon_IMCM;w=640>

I know I could just insert the image directly and add a hyperlink to it but I’m trying to use these tags for consistency sake.

Try adding a hyperlink to the image text tag. Formatting applied to tags will carry through to the final result, and that includes links.