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AUD/KRW - Rate Guide

Australian Dollar to South Korean Won exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AUD/KRW Exchange Rates and Providers Compared

This guide to the Australian Dollar to South Korean Won exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to KRW comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the AUD/KRW Calculator.

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AUD/KRW - 90 Day Rate Alerts

1 AUD = 809.4966 KRW

NO ALERTS for AUD/KRW
AUD/KRW over the last 90 days

View AUD/KRW - Interactive Chart

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/KRW International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive KRW(₩)Exchange RateFee AUDTotal CostDeal Links
TorFX logo
7,768,900 KRW
Best Overall
776.8904.12%
OFX (OzForex) logo
7,776,700 KRW
7,800 KRW
777.670^4.03%
Foreign Xchange logo
7,414,300 KRW
354,600 KRW
741.43$15 Home Delivery8.5%
Commonwealth Bank (CBA) logo
7,755,944 KRW
12,956 KRW
776.066 4.28%
Banks - Average Rate
Commonwealth Bank (CBA) logo National Australia Bank (nab) logo
7,588,741 KRW
180,159 KRW
759.93156.35%
National Australia Bank (nab) logo
7,421,537 KRW
347,363 KRW
743.79228.41%
 

TorFX logo

TorFX: Foreign Transfer AUD→KRW
From Amount:10,000 AUD
Fee:0
Exchange Rate:776.89 (4.12% from mid-rate)
To Amount:7,768,900 KRW
Total Cost:4.12%
Time:8:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

OFX (OzForex) logo

OFX (OzForex): Foreign Transfer AUD→KRW
From Amount:10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:777.67 (4.03% from mid-rate)
To Amount:7,776,700 KRW
Total Cost:4.03%
Difference:
7,800 KRW more than using TorFX
Time:
Rate Fetched: Tue Sep 24 2019 08:01:18 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Foreign Xchange logo

Foreign Xchange: Foreign Transfer AUD→KRW
From Amount:10,000 AUD
Fee:$15 Home Delivery, No other Fees
Exchange Rate:741.43 (8.5% from mid-rate)
To Amount:7,414,300 KRW
Total Cost:8.5%
Difference:
354,600 KRW less than using TorFX
Time:8:01 Local
Transfer Speed:
Services:
Rating:
 
: 4/5.0
Reviews:
 

Commonwealth Bank (CBA) logo

Commonwealth Bank (CBA): Foreign Transfer AUD→KRW
From Amount:10,000 AUD
Fee:6
Exchange Rate:776.06 (4.23% from mid-rate)
To Amount:7,755,944 KRW
Total Cost:4.28%
Difference:
12,956 KRW less than using TorFX
Time:
Rate Fetched: website - Tue Sep 24 2019 07:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→KRW
From Amount:10,000 AUD
Fee:15
Exchange Rate:771.05 (4.84% from mid-rate)
To Amount:7,588,741 KRW
Total Cost:6.35%
Difference:
180,159 KRW less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

National Australia Bank (nab) logo

National Australia Bank (nab): Foreign Transfer AUD→KRW
From Amount:10,000 AUD
Fee:22
Exchange Rate:743.79 (8.21% from mid-rate)
To Amount:7,421,537 KRW
Total Cost:8.41%
Difference:
347,363 KRW less than using TorFX
Time:
Rate Fetched: website - 8:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 09/24/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount KRW(₩)Exchange RateFee AUDTotal CostDeal Links
Travel Money Oz logo
778,040 KRW
Best Overall
778.04A$03.98%
ANZ Bank logo
765,372 KRW
12,668 KRW
773.1029A$105.55%
National Australia Bank (nab) logo
759,419 KRW
18,621 KRW
767.09106.28%
Banks - Average Rate
ANZ Bank logo Commonwealth Bank (CBA) logo National Australia Bank (nab) logo
758,816 KRW
19,224 KRW
766.48106.35%
Commonwealth Bank (CBA) logo
751,658 KRW
26,382 KRW
759.25A$107.24%
Travelex Online AU logo
733,584 KRW
44,456 KRW
733.5843$0 BPay, Card 0.72%-1%9.47%
 

Travel Money Oz logo

Travel Money Oz: Travel Money AUD→KRW
From Amount:1,000 AUD
Fee:A$0 AUD (0 BPay, Credit Card 1%)
Exchange Rate:778.04 (3.98% from mid-rate)
To Amount:778,040 KRW
Total Cost:3.98%
Time:
Rate Fetched: 8:01 Local
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
 

ANZ Bank logo

ANZ Bank: Travel Money AUD→KRW
From Amount:1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:773.1029 (4.59% from mid-rate)
To Amount:765,372 KRW
Total Cost:5.55%
Time:
Rate Fetched: website - Tue Sep 24 2019 07:03:05 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 

National Australia Bank (nab) logo

National Australia Bank (nab): Travel Money AUD→KRW
From Amount:1,000 AUD
Fee:10
Exchange Rate:767.09 (5.33% from mid-rate)
To Amount:759,419 KRW
Total Cost:6.28%
Time:
Rate Fetched: website - 8:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→KRW
From Amount:1,000 AUD
Fee:10
Exchange Rate:770.22 (4.95% from mid-rate)
To Amount:758,816 KRW
Total Cost:6.35%
Currency Services:Branch
Delivery/Collect:-
 

Commonwealth Bank (CBA) logo

Commonwealth Bank (CBA): Travel Money AUD→KRW
From Amount:1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:759.25 (6.3% from mid-rate)
To Amount:751,658 KRW
Total Cost:7.24%
Time:
Rate Fetched: website - Tue Sep 24 2019 07:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 

Travelex Online AU logo

Travelex Online AU: Travel Money AUD→KRW
From Amount:1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:733.5843 (9.47% from mid-rate)
To Amount:733,584 KRW
Total Cost:9.47%
Time:
Rate Fetched: Tue Sep 24 2019 08:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 09/24/2019 - See full table

AUD / KRW converter & margin calculator

A$AUD
₩KRW
mid-rates

Compare how much you can save on AUD/KRW exchange rates for:

Foreign Transfers Travel Money

Foreign Transfers Travel Money

Australian Dollar

South Korean Won

1 AUD 809.50 KRW
5 AUD 4,047.48 KRW
10 AUD 8,094.97 KRW
20 AUD 16,189.93 KRW
50 AUD 40,474.83 KRW
100 AUD 80,949.66 KRW
250 AUD 202,374.15 KRW
500 AUD 404,748.30 KRW
1,000 AUD 809,496.60 KRW
2,000 AUD 1,618,993.20 KRW
5,000 AUD 4,047,483.00 KRW
10,000 AUD 8,094,966.00 KRW
50,000 AUD 40,474,830.00 KRW
100,000 AUD 80,949,660.00 KRW
See more

Australian Dollar

South Korean Won

0.0012 AUD 1 KRW
0.0062 AUD 5 KRW
0.0124 AUD 10 KRW
0.0247 AUD 20 KRW
0.0618 AUD 50 KRW
0.1235 AUD 100 KRW
0.3088 AUD 250 KRW
0.6175 AUD 500 KRW
1.2350 AUD 1,000 KRW
2.4700 AUD 2,000 KRW
6.1750 AUD 5,000 KRW
12.35 AUD 10,000 KRW
61.75 AUD 50,000 KRW
123.50 AUD 100,000 KRW
See more
Country Guides (AUD & KRW)
AustraliaAustralia (AUD)Christmas IslandChristmas Island (AUD)Cocos Keeling IslandsCocos Keeling Islands (AUD)
Heard And McDonald IslandsHeard And McDonald Islands (AUD)KiribatiKiribati (AUD)NauruNauru (AUD)
Norfolk IslandNorfolk Island (AUD)South KoreaSouth Korea (KRW)TuvaluTuvalu (AUD)

AUD/KRW - Historical Trends

This table shows historic rates and trends of Australian Dollar to South Korean Won over periods upto 10 years.

PeriodChange*AUD/KRWDate
1 Day+0.2%808.268522 Sep 2019
7 Day-0.4%812.612316 Sep 2019
30 Day-1.2%819.456424 Aug 2019
3 Month+0.6%804.961425 Jun 2019
1 Year-0.2%811.425223 Sep 2018
5 Year-12.3%923.443124 Sep 2014
10 Year-21.2%1027.426125 Sep 2009

*For period to 23-Sep 21UTC when AUD/KRW was 809.5146

You can use our AUD interactive charts to check AUDKRW historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

AUD and KRW in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AUD vs KRW, you should pay attention to the recent market trends for both currencies.

 

Australian Dollar (AUD)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

 

South Korean Won (KRW)

The South Korean won has been the worst-performing Asian currency in 2019.

In the first five months of the year, the won lost 6 percent of its value against the dollar on its way to a 2-year low of ₩1,190, and lost 4 percent against the euro, with weakness driven by falling exports and an alarming drop in South Korean inflation, both of which drove expectations for an interest rate cut by the Bank of Korea. In addition, the won is one of those currencies being used as a proxy for risk, particularly for risks relating to US-China trade.

The Bank of Korea has warned traders that it will intervene in markets to prop up the won should the rate of currency depreciation accelerate, though interventions will be “mild.”

In late May, Bank of America Merrill Lynch predicted a reversal in won weakness. It said that it was “just a matter of time” before investors again focused on South Korea’s strong fundamentals. The bank expects USD/KRW to fall 7 percent in the second half of the year to ₩1,110.

Why can't I just get the AUD/KRW market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / KRW was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

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