Exchange Rate Calculator

Over the past several months, the exchange rate between the Hong Kong Dollar (HKD) and the South Korean Won (KRW) has exhibited notable fluctuations, reflecting underlying economic dynamics and market sentiments. This report provides an analysis of the HKD/KRW exchange rate trends from late 2024 through mid-2025, highlighting key movements and potential influencing factors.

Exchange Rate Trends from Late 2024 to Mid-2025

In the latter part of 2024, the HKD/KRW exchange rate experienced a significant upward trajectory. On December 31, 2024, the exchange rate peaked at 190.32 KRW per HKD, marking the highest point for that year. This represented a substantial increase from earlier in the year, where the rate was as low as 165.74 KRW per HKD on January 1, 2024. (exchange-rates.org)

Moving into 2025, the exchange rate maintained relative stability with minor fluctuations. In January 2025, the rate reached its highest at 190.01 KRW per HKD on January 1 and dipped to its lowest at 183.56 KRW per HKD on January 24. The average exchange rate for January was approximately 186.30 KRW per HKD. (exchange-rates.org)

By February 28, 2025, the exchange rate stood at 187.789 KRW per HKD, reflecting a slight increase from the previous month. Throughout February, the rate fluctuated between a low of 183.26 KRW and a high of 189.035 KRW per HKD. (investing.com)

As of March 20, 2025, the exchange rate was recorded at 187.625 KRW per HKD, indicating continued stability with minor variations. (wise.com)

Factors Influencing the Exchange Rate Movements

Several factors have contributed to the observed fluctuations in the HKD/KRW exchange rate:

1. Economic Indicators: Variations in GDP growth, inflation rates, and interest rates between Hong Kong and South Korea can influence investor confidence and currency valuations.

2. Geopolitical Events: Political developments, trade agreements, and regional tensions can impact market sentiments, leading to currency fluctuations.

3. Central Bank Policies: Decisions by the Hong Kong Monetary Authority and the Bank of Korea regarding monetary policies, such as interest rate adjustments and currency interventions, play a crucial role in determining exchange rates.

Comparative Analysis with Previous Years

The exchange rate's upward trend in late 2024 contrasts with the more stable or declining rates observed in previous years. For instance, in 2023, the exchange rate fluctuated between approximately 155.87 KRW and 173.46 KRW per HKD, indicating less volatility compared to the significant rise observed in 2024. (freecurrencyrates.com)

Implications for Stakeholders

For businesses and investors engaged in Hong Kong and South Korea, understanding these exchange rate trends is vital for strategic planning. The appreciation of the HKD against the KRW in late 2024 may have impacted export and import competitiveness, profit margins, and investment decisions. Monitoring ongoing economic indicators and central bank policies will be essential for anticipating future movements in the HKD/KRW exchange rate.

In conclusion, the HKD/KRW exchange rate has demonstrated significant fluctuations from late 2024 through mid-2025, influenced by a combination of economic indicators, geopolitical events, and monetary policies. Stakeholders should remain vigilant to these factors to navigate the dynamic currency landscape effectively.