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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.

 

AUD/KRW update & alerts

1 AUD = 798.47 KRW

AUD to KRW - Trading Range (90 Day)
90-DAY LOW (2d)
At 795.05 AUD/KRW is trading 1.9% below its 90-DAY average with range 794.63 to 824.35. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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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
TorFX logo
7,645,400
Best Overall
764.5404.28%
OFX (OzForex) logo
7,653,100
₩7,700 more
765.310^4.18%
Foreign Xchange logo
7,308,000
₩337,400 less
730.8$15 Home Delivery8.5%
Commonwealth Bank (CBA) logo
7,755,944
₩110,544 more
776.066 2.89%
Banks - Average Rate
Commonwealth Bank (CBA) logo National Australia Bank (nab) logo
7,529,771
₩115,629 less
754.02155.72%
National Australia Bank (nab) logo
7,303,597
₩341,803 less
731.97228.56%
 

TorFX logo

TorFX: Foreign Transfer AUD→KRW
From Amount (AUD)A$10,000
Fee:0
Exchange Rate:764.54 (4.28% from mid-rate)
To Amount (KRW)7,645,400
Total Cost:4.28%
Time:20:01 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 (AUD)A$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:765.31 (4.18% from mid-rate)
To Amount (KRW)7,653,100
Total Cost:4.18%
Difference:
₩7,700 KRW more than using TorFX
Time:
Rate Fetched: Mon Nov 11 2019 20:01:18 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 (AUD)A$10,000
Fee:$15 Home Delivery, No other Fees
Exchange Rate:730.8 (8.5% from mid-rate)
To Amount (KRW)7,308,000
Total Cost:8.5%
Difference:
₩337,400 KRW less than using TorFX
Time:20:01 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:776.06 (2.83% from mid-rate)
To Amount (KRW)7,755,944
Total Cost:2.89%
Difference:
₩110,544 KRW more than using TorFX
Time:
Rate Fetched: website - Mon Nov 11 2019 19:02:01 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:758.79 (5% from mid-rate)
To Amount (KRW)7,529,771
Total Cost:5.72%
Difference:
₩115,629 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 (AUD)A$10,000
Fee:22
Exchange Rate:731.97 (8.35% from mid-rate)
To Amount (KRW)7,303,597
Total Cost:8.56%
Difference:
₩341,803 KRW less than using TorFX
Time:
Rate Fetched: website - 20:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 11/11/2019 - 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
766,890
Best Overall
766.89A$03.98%
ANZ Bank logo
752,599
₩14,291 less
760.2014A$105.77%
Commonwealth Bank (CBA) logo
751,658
₩15,232 less
759.25A$105.89%
Banks - Average Rate
ANZ Bank logo Commonwealth Bank (CBA) logo National Australia Bank (nab) logo
750,929
₩15,961 less
758.51105.98%
National Australia Bank (nab) logo
748,529
₩18,361 less
756.09106.28%
Travelex Online AU logo
720,484
₩46,406 less
720.4835$0 BPay, Card 0.72%-1%9.79%
 

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:766.89 (3.98% from mid-rate)
To Amount (KRW)766,890
Total Cost:3.98%
Time:
Rate Fetched: 20:01 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 (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:760.2014 (4.82% from mid-rate)
To Amount (KRW)752,599
Total Cost:5.77%
Time:
Rate Fetched: website - Mon Nov 11 2019 19:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 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:759.25 (4.94% from mid-rate)
To Amount (KRW)751,658
Total Cost:5.89%
Time:
Rate Fetched: website - Mon Nov 11 2019 19:02:01 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→KRW
From Amount (AUD)A$1,000
Fee:10
Exchange Rate:759.18 (4.95% from mid-rate)
To Amount (KRW)750,929
Total Cost:5.98%
Currency Services:Branch
Delivery/Collect:-
 

National Australia Bank (nab) logo

National Australia Bank (nab): Travel Money AUD→KRW
From Amount (AUD)A$1,000
Fee:10
Exchange Rate:756.09 (5.33% from mid-rate)
To Amount (KRW)748,529
Total Cost:6.28%
Time:
Rate Fetched: website - 20:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 

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:720.4835 (9.79% from mid-rate)
To Amount (KRW)720,484
Total Cost:9.79%
Time:
Rate Fetched: Mon Nov 11 2019 20:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 11/11/2019 - 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)

At the end of October the AUD 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. 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.

 

View all AUD Exchange Rates