KRW/HKD: what to know
The KRW/HKD rate shows how much HKD you get for 1 KRW. Right now, 1 KRW buys 0.00582802 HKD at the mid-market rate. In the other direction, 1 HKD is worth 171.5849 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while HKD responds to its peg to the US dollar.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank.
Over the past 12 months the KRW/HKD rate has ranged between 0.00505180 and 0.00585169 — a change of +3.71% 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.