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AUD to KRW - Compare Exchange Rates

Australian Dollar to South Korean Won - Convert Compare Save

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

 

AUD to KRW interbank exchange rate = 798.9757

Right now the AUD/KRW interbank exchange rate is 798.9757. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert South Korean Won to Australian Dollar.

This AUD/KRW Converter calculates equivalent Australian Dollar to South Korean Won amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

AUD / KRW converter & margin calculator


$AUD
₩KRW
Mid-rates:
 

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AUD/KRW exchange rates for:

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1 Week AUD to KRW
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Australian Dollar

South Korean Won

1 AUD 798.98 KRW
5 AUD 3,994.88 KRW
10 AUD 7,989.76 KRW
20 AUD 15,979.51 KRW
50 AUD 39,948.79 KRW
100 AUD 79,897.57 KRW
250 AUD 199,743.93 KRW
500 AUD 399,487.85 KRW
1,000 AUD 798,975.70 KRW
2,000 AUD 1,597,951.40 KRW
5,000 AUD 3,994,878.50 KRW
10,000 AUD 7,989,757.00 KRW
50,000 AUD 39,948,785.00 KRW
100,000 AUD 79,897,570.00 KRW
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Australian Dollar

South Korean Won

0.0013 AUD 1 KRW
0.0063 AUD 5 KRW
0.0125 AUD 10 KRW
0.0250 AUD 20 KRW
0.0626 AUD 50 KRW
0.1252 AUD 100 KRW
0.3130 AUD 250 KRW
0.6260 AUD 500 KRW
1.2520 AUD 1,000 KRW
2.5040 AUD 2,000 KRW
6.2600 AUD 5,000 KRW
12.52 AUD 10,000 KRW
62.60 AUD 50,000 KRW
125.20 AUD 100,000 KRW
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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.

DateExchange RatePeriodChange
19 Mar 2019802.5624Latest
12 Mar 2019796.86531 Week+0.71%
17 Feb 2019804.64821 Month-0.26%
20 Sep 2018814.12046 Months-1.42%
19 Mar 2018827.18331 Year-2.98%
19 Mar 2017869.06292 Years-7.65%
20 Mar 2014971.80785 Years-17.42%
21 Mar 2009963.530710 Years-16.71%

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

  1. 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.
  2. 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.
  3. 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

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

South Korean Won (KRW) - Market news and forecasts

28-January-19: 2018 was a mixed year for the South Korean won: it lost 4.4 percent of its value against the US dollar, gained roughly 6 percent against the Australian dollar and barely changed at all relative to the euro.

The won is a peculiar currency, preferring to trade in ranges. Since last summer the won has been contained, for the most part, between 1110 and 1140 to the dollar. The current range developed after June’s violent break from a previous range that existed between 1060 and 1085 in the first half of 2018. That range, too, preceded a sharp break from yet another range that developed in 2017.

Any intensification in US-China trade tensions could weigh heavily on the won in 2019. 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. A slower pace of US interest rate hikes (as was projected by the Fed itself in December) would be won supporting.

Currency News and Forecasts - Australian Dollar

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