AUD to KRW mid-rate = 806.9717
Right now the AUD/KRW market mid-rate is 806.9717 and represents ideally how many South Korean Won you can get for one Australian Dollar.
You can calculate equivalent Australian Dollar to South Korean Won currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for AUD to KRW transfers or buying KRW travel money.
AUD / KRW Converter
806.9717 South Korean Won
Compare how much you can save on
AUD/KRW exchange rates for:
| KRW Country Guides |
|---|
 South Korea |
Australian Dollar to South Korean Won (AUD-KRW) - 10 Year History
The below table shows the historic variation in the AUD/KRW exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 19 Jan 2019 | 806.9715 | Latest | |
| 12 Jan 2019 | 807.0837 | 1 Week | -0.01% |
| 20 Dec 2018 | 797.8144 | 1 Month | +1.15% |
| 23 Jul 2018 | 836.4305 | 6 Months | -3.52% |
| 19 Jan 2018 | 853.6062 | 1 Year | -5.46% |
| 19 Jan 2017 | 888.7914 | 2 Years | -9.21% |
| 20 Jan 2014 | 938.0233 | 5 Years | -13.97% |
| 21 Jan 2009 | 895.0387 | 10 Years | -9.84% |
Best Rates for AUD/KRW Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
Why can't I just get the AUD/KRW market rate I see on Google or in the Media?
The AUD/KRW mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / KRW was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
The closer your final exchange rate is to the market AUD/KRW midrate the better deal you are getting.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
The three things you need in order to get a good AUD to KRW exchange rate
- Know the latest AUD/KRW market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency news and forecasts for Australian Dollar and South Korean Won
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs KRW, you should pay attention to both Australian Dollar and South Korean Won news and forecasts.
Australian Dollar (AUD) - Market news and forecasts
17-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.
By the time of this report, AUD/USD was back at 72 cents and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.
Several months ago, most analysts agreed that the Aussie was heading higher in 2019, but things have changed. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020; there is, in fact, now a 25 percent chance of an RBA cut, per derivatives pricing. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.
One senior researcher at BNP Paribas said in January that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”
In opposition to that view, at least relative to the US dollar, was a CIBC analyst, who said that at current levels the Aussie was “very undervalued” and was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. The Aussie could be worth as much as 78 US cents in the second half of 2019, the analyst said.
South Korean Won (KRW) - Market news and forecasts
26-November-18: The South Korean won likes to trade in ranges. Since July it has been contained, for the most part, between 1110 and 1140 to the dollar. The current range developed after June’s violent break from the previous range that existed between 1060 and 1085 in the first half of the year, and that range preceded a sharp break from yet another range that developed in 2017.
At the time of writing, the won had bettered many Asian currencies with a year-to-date loss of only 5.6 percent versus the dollar (unchanged against the euro). While this appears favourable for the won, it puts the currency at risk of underperforming in the coming half-year.
HSBC said in October that any intensification in US-China trade tensions could weigh heavily on the won. Trade tensions act to reduce the risk appetite of investors and to lower expectations for Chinese economic growth, which greatly affects the broader Asia-Pac region.
