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AUD to 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.

 

1 AUD = 796.83 KRW

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AUD to KRW - Trading Range (90 Day)
ALERT: 14-DAY LOWS 🔔 |
AUD/KRW at 796.2 is trading 0.8% below the 90-day average 802.51 with a range 793.21 to 819.13. ALERT: AUD/KRW has dropped to 14-DAY LOWS.
27-Jan-2020 16:NY 21:LON 08:SYD+1d

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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. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AUD/KRW Quick Calculator.

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.

 
  

AUD to KRW International Money Transfers

  

Foreign Transfer ProvidersReceive KRW(₩)Exchange RateFee AUDTotal CostDeal Links
OFX (OzForex) logo
7,743,800
Best Overall
774.380^4.17%
TorFX logo
7,736,000
₩7,800 less
773.604.26%
Foreign Xchange logo
7,393,800
₩350,000 less
739.38$10 Home Delivery & AusPost collect8.5%
Commonwealth Bank (CBA) logo
7,530,479
₩213,321 less
753.56 6.81%
Banks - Average Rate
Commonwealth Bank (CBA) logo National Australia Bank (nab) logo
7,460,293
₩283,507 less
747.07157.68%
National Australia Bank (nab) logo
7,390,106
₩353,694 less
740.64228.55%
 

OFX (OzForex) logo

OFX (OzForex): Foreign Transfer AUD→KRW
From Amount (AUD)A$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:774.38 (4.17% from mid-rate)
To Amount (KRW)7,743,800
Total Cost:4.17%
Time:
Rate Fetched: Tue Dec 03 2019 00:01:23 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer AUD→KRW
From Amount (AUD)A$10,000
Fee:0
Exchange Rate:773.6 (4.26% from mid-rate)
To Amount (KRW)7,736,000
Total Cost:4.26%
Difference:
₩7,800 KRW less than using OFX (OzForex)
Time:0:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

Foreign Xchange logo

Foreign Xchange: Foreign Transfer AUD→KRW
From Amount (AUD)A$10,000
Fee:$10 Home Delivery & AusPost collect, No other Fees
Exchange Rate:739.38 (8.5% from mid-rate)
To Amount (KRW)7,393,800
Total Cost:8.5%
Difference:
₩350,000 KRW less than using OFX (OzForex)
Time:0:02 Local
Transfer Speed:
Services:
Rating:
 
: 4/5.0
Reviews:
 

Commonwealth Bank (CBA) logo

Commonwealth Bank (CBA): Foreign Transfer AUD→KRW
From Amount (AUD)A$10,000
Fee:6
Exchange Rate:753.5 (6.75% from mid-rate)
To Amount (KRW)7,530,479
Total Cost:6.81%
Difference:
₩213,321 KRW less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Dec 03 2019 00:02:02 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 (AUD)A$10,000
Fee:15
Exchange Rate:767.79 (4.98% from mid-rate)
To Amount (KRW)7,460,293
Total Cost:7.68%
Difference:
₩283,507 KRW less than using OFX (OzForex)
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 (AUD)A$10,000
Fee:22
Exchange Rate:740.64 (8.34% from mid-rate)
To Amount (KRW)7,390,106
Total Cost:8.55%
Difference:
₩353,694 KRW less than using OFX (OzForex)
Time:
Rate Fetched: website - 0:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 12/03/2019 - 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
ANZ Bank logo
763,936
Compare
771.6524A$105.46%
National Australia Bank (nab) logo
757,310
₩6,626 less
764.96106.28%
Banks - Average Rate
ANZ Bank logo Commonwealth Bank (CBA) logo National Australia Bank (nab) logo
750,361
₩13,575 less
757.94107.14%
Travelex Online AU logo
732,931
₩31,005 less
732.9305$0 BPay, Card 0.72%-1%9.3%
Commonwealth Bank (CBA) logo
729,838
₩34,098 less
737.21A$109.68%
Travel Money Oz logo
697,644
₩66,292 less
697.644A$013.66%
 

ANZ Bank logo

ANZ Bank: Travel Money AUD→KRW
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:771.6524 (4.51% from mid-rate)
To Amount (KRW)763,936
Total Cost:5.46%
Time:
Rate Fetched: website - Mon Dec 02 2019 23:03:06 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 (AUD)A$1,000
Fee:10
Exchange Rate:764.96 (5.33% from mid-rate)
To Amount (KRW)757,310
Total Cost:6.28%
Time:
Rate Fetched: website - 0:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→KRW
From Amount (AUD)A$1,000
Fee:10
Exchange Rate:768.08 (4.95% from mid-rate)
To Amount (KRW)750,361
Total Cost:7.14%
Currency Services:Branch
Delivery/Collect:-
 

Travelex Online AU logo

Travelex Online AU: Travel Money AUD→KRW
From Amount (AUD)A$1,000
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:732.9305 (9.3% from mid-rate)
To Amount (KRW)732,931
Total Cost:9.3%
Time:
Rate Fetched: Tue Dec 03 2019 00:00:06 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Commonwealth Bank (CBA) logo

Commonwealth Bank (CBA): Travel Money AUD→KRW
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:737.21 (8.77% from mid-rate)
To Amount (KRW)729,838
Total Cost:9.68%
Time:
Rate Fetched: website - Tue Dec 03 2019 00:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 

Travel Money Oz logo

Travel Money Oz: Travel Money AUD→KRW
From Amount (AUD)A$1,000
Fee:A$0 AUD (0 BPay, Credit Card 1%)
Exchange Rate:697.644 (13.66% from mid-rate)
To Amount (KRW)697,644
Total Cost:13.66%
Time:
Rate Fetched: Tue Dec 03 2019 00:00:10 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
 
Snapshot 12/03/2019 - See full table

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)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Aussie had made coming into the New Year.

The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.

The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely. In November it had been all downhill traffic for the Aussie dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end.

At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

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.

For AUD forecasts and predictions read our Australian Dollar Forecasts report.

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.

 

View all AUD Exchange Rates