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Compare AUD to KRW travel money rates

Find the best currency exchange rates (Australian Dollar to South Korean Won cash)

 

1 AUD = 807.0853 KRW

This is the current AUD-KRW mid-market exchange rate. The Total Cost of buying foreign currency in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-KRW exchange rate.

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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

17-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.

By the time of this report, AUD/USD was back at 72 cents and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.

Several months ago, most analysts agreed that the Aussie was heading higher in 2019, but things have changed. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020; there is, in fact, now a 25 percent chance of an RBA cut, per derivatives pricing. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.

One senior researcher at BNP Paribas said in January that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”

In opposition to that view, at least relative to the US dollar, was a CIBC analyst, who said that at current levels the Aussie was “very undervalued” and was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. The Aussie could be worth as much as 78 US cents in the second half of 2019, the analyst said.

South Korean Won (KRW) - Market news and forecasts

26-November-18: The South Korean won likes to trade in ranges. Since July it has been contained, for the most part, between 1110 and 1140 to the dollar. The current range developed after June’s violent break from the previous range that existed between 1060 and 1085 in the first half of the year, and that range preceded a sharp break from yet another range that developed in 2017.

At the time of writing, the won had bettered many Asian currencies with a year-to-date loss of only 5.6 percent versus the dollar (unchanged against the euro). While this appears favourable for the won, it puts the currency at risk of underperforming in the coming half-year.

HSBC said in October that any intensification in US-China trade tensions could weigh heavily on the won. 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.

Sorry, our travel money calculators are currently only available for comparing exchange rates rates for buying foreign cash and travel money in Australia, Canada, France, Germany, Netherlands, New Zealand, United Kingdom and the USA.

Currency News and Forecasts - Australian Dollar

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