HKD/KRW: what to know
The HKD/KRW rate shows how much KRW you get for 1 HKD. Right now, 1 HKD buys 170.9425 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.00584992 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while KRW responds to tech exports and global risk appetite.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
Over the past 12 months the HKD/KRW rate has ranged between 170.8907 and 197.9491 — a change of -3.58% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.