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EUR to KRW - Exchange Rate Overview

Euro to South Korean Won exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

€1,000 EUR
=
₩1,352,050 KRW

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 EUR = 1352.1 KRW

Sell EUR / Buy KRW 

 
EUR to KRW 90-day trend
ALERT:30-DAY HIGHS |
EUR/KRW at 1352.36 was trading 1.7% above AVG:1330.28 with LO:1282.78 and HI:1378.4 (90 days). ALERT: EUR/KRW rose to 30-DAY HIGHS.

Euro to South Korean Won - Quick Conversions

EUR KRW
€ 1 1,352
€ 5 6,761
€ 10 13,521
€ 20 27,042
€ 50 67,605
€ 100 135,210
€ 250 338,025
€ 500 676,050
€ 1,000 1,352,100
€ 2,000 2,704,200
€ 5,000 6,760,500
€ 10,000 13,521,000
€ 50,000 67,605,000
€ 100,000 135,210,000
More amounts
EUR KRW
0.0007 ₩ 1
0.0037 ₩ 5
0.0074 ₩ 10
0.0148 ₩ 20
0.0370 ₩ 50
0.0740 ₩ 100
0.1850 ₩ 250
0.3700 ₩ 500
0.7400 ₩ 1,000
1.4800 ₩ 2,000
3.7000 ₩ 5,000
7.4000 ₩ 10,000
37.00 ₩ 50,000
74.00 ₩ 100,000
More amounts

To calculate your own EUR/KRW amounts use our Convert EUR to KRW quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 EUR/KRW International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

 
 

South Korean Won (KRW) Country Guides

South KoreaSouth Korea (KRW)

Euro and South Korean Won Forecasts

When determining the best time to make a foreign exchange transaction, in this case the EUR vs KRW, you should pay attention to the recent market trends for both currencies.

Euro (EUR)

EUR will fall to 0.80 against the British pound according to Standard Bank. The coronavirus pandemic has replaced Brexit in the headlines and means that the deadline for a trade deal with the Eurozone this year could either be pushed back, delaying a risk for the currency, or see more favorable terms given to the U.K.

Rabobank told Bloomberg TV in early April that they see the Euro holding its value in an otherwise difficult virus affected year for most currencies.

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

Read more in the article EUR 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.


How to get Best EUR to KRW Exchange Rates

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).

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.

 

What is a good EUR to KRW exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the EUR to KRW exchange rate over periods upto 10 years.

EUR/KRWPeriod to 22-MayDateRate
1.3% ▲1 Week15 May 20201334.5088
1.5% ▲30 Days22 Apr 20201331.8979
3.3% ▲90 Days22 Feb 20201309.3149
1.6% ▲1 Year23 May 20191330.7960
12.3% ▲5 Years24 May 20151204.3500
11.8% ▼10 Years25 May 20101533.1454
EUR/KRW 10 year historic rates & changes to 22-May-2020 (1352.3813)
 

When is the best time to exchange EUR to KRW?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts

 

We help you Save Money on Exchange Rates.

Foreign Transfers Travel Money

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