Convert Korean Won to Hong Kong Dollar
Convert Korean won (KRW) to Hong Kong dollars (HKD) at the mid-market rate and see what your travel or shopping budget is really worth on the ground, plus how it differs from what your bank or card actually charges.
🔒 Unit conversions are computed in your browser (exchange rates via public API only).
The Hong Kong dollar is pegged to the US dollar
Under Hong Kong's Linked Exchange Rate System, the Hong Kong Monetary Authority keeps the HKD within a band of 7.75-7.85 per US dollar. Because the HKD barely moves against the dollar, the KRW-HKD rate mostly tracks whatever the won is doing against the greenback. When the dollar strengthens and USD/KRW rises, the Hong Kong dollar gets pricier too, so the same won budget buys fewer HKD. In practice, your Hong Kong trip budget swings more with the dollar than with local prices.
Turning a won budget into Hong Kong dollars
The HKD is a larger unit than the won, so rates are usually quoted as 'won per 1 HKD.' If the rate were 180 won to 1 HKD, a 1,000,000-won budget would be about 5,500 HKD (1,000,000 ÷ 180) and 500,000 won roughly 2,780 HKD. Going the other way, multiply a local HKD price by the rate for an instant feel in won — a plate of dim sum at 50 HKD would be about 9,000 won at that rate. Check the reference date and rate shown on screen, and leave a few percent of headroom for bigger purchases.
Octopus, cash, cards, and changing money in Tsim Sha Tsui
The figure here is the interbank mid-market rate, so real exchanges and payments add a spread and fees on top. In Hong Kong, the Octopus card and Alipay HK cover transit, convenience stores, and small buys, and big shops take foreign cards easily, but places like the Temple Street night market or Ladies' Market run on cash and bargaining. If you need banknotes, the money changers around Chungking Mansions in Tsim Sha Tsui are widely considered better value than the airport, so compare a couple of counters. When you pay by card, choose to be billed in local HKD and skip DCC (dynamic currency conversion), which usually costs more.
Frequently asked questions
Is this the same rate my bank actually gives me?
No. This is the mid-market (base) rate published by the Export-Import Bank of Korea around 11 a.m. on business days. Banks and card issuers add a spread and fees on top, and cash exchange — especially at airport counters — can cost noticeably more than the figure shown here.
Does the rate change every day? What about weekends?
The tool saves one rate per day that the server fetches and serves it statically, and the Export-Import Bank updates its published rate around 11 a.m. on business days. On weekends and holidays there is no new quote, so the last business day's rate stays in place, with the reference date shown on screen.
How should I plan a Hong Kong budget?
Since the HKD is pegged to the US dollar, KRW-HKD follows the won's move against the dollar, so pad your budget a little when the dollar is strong. Split your money by use: Octopus or Alipay HK for transit and small spends, a foreign card for larger bills, and a bit of cash for night markets and street stalls to keep spread costs down.