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:
1 AUD =
798.9757KRW
1 KRW =
0.001252AUD
Compare how much you can save on AUD/KRW exchange rates for:
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 Mar 2019
802.5624
Latest
12 Mar 2019
796.8653
1 Week
+0.71%
17 Feb 2019
804.6482
1 Month
-0.26%
20 Sep 2018
814.1204
6 Months
-1.42%
19 Mar 2018
827.1833
1 Year
-2.98%
19 Mar 2017
869.0629
2 Years
-7.65%
20 Mar 2014
971.8078
5 Years
-17.42%
21 Mar 2009
963.5307
10 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.
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.
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.
South Korea