Comparing GBP to KRW Exchange Rates
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale GBP/KRW rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for GBP to KRW International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.
Pound Sterling to South Korean Won - Quick Conversions
|
GBP |
KRW |
| £ 1 |
₩ 1,513 |
| £ 5 |
₩ 7,563 |
| £ 10 |
₩ 15,126 |
| £ 20 |
₩ 30,252 |
| £ 50 |
₩ 75,630 |
| £ 100 |
₩ 151,260 |
| £ 250 |
₩ 378,150 |
| £ 500 |
₩ 756,300 |
| £ 1,000 |
₩ 1,512,600 |
| £ 2,000 |
₩ 3,025,200 |
| £ 5,000 |
₩ 7,563,000 |
| £ 10,000 |
₩ 15,126,000 |
| £ 50,000 |
₩ 75,630,000 |
| £ 100,000 |
₩ 151,260,000 |
| More amounts |
Calculate other GBP/KRW amounts (from or to) at mid-market with our
GBP to KRW Calculator .
Pound Sterling and South Korean Won - Market News
When determining the best time to make a foreign exchange transaction, in this case the GBP vs KRW, you should pay attention to the recent market trends for both currencies.
Pound Sterling (GBP)
The coronavirus pandemic had replaced Brexit in the headlines for most of this year, however Brexit is back in the spotlight as the end-of-year deadline for a trade deal with the Eurozone fast approaches.
Get more details in the article British Pound Forecasts.
South Korean Won (KRW)
MUFG Bank analysts predict the Korean won will perform well against the US dollar in the second half of 2020. The forecast USD/KRW at 1200.0 by the end of the third quarter and at 1185 by the end of the first quarter 2021. The expect range for the current quarter is 1175-1235.
The South Korean won was 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 â‚©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.
Country Guides - South Korean Won
How to get Good GBP to KRW Exchange Rates
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
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 GBP to KRW exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Pound Sterling vs South Korean Won current value is to look the GBP/KRW historic rate and change over a range of periods.
The following table looks at the change in the GBP to KRW exchange rate over periods from the previous week back to the last 10 years.
| GBP/KRW | Change | Period |
|---|
| 1500.03 15 Jan 2021 | 0.8% â–˛ | 1 Week |
| 1493.85 23 Dec 2020 | 1.3% â–˛ | 30 Days |
| 1472.11 24 Oct 2020 | 2.7% â–˛ | 90 Days |
| 1533.08 23 Jan 2020 | 1.3% â–Ľ | 1 Year |
| 1710.90 24 Jan 2016 | 11.6% â–Ľ | 5 Years |
| 1771.41 25 Jan 2011 | 14.6% â–Ľ | 10 Years |
GBP/KRW 10 year historic rates & change to 22-Jan-2021 : 1512.56
Will the Pound Sterling rise against the South Korean Won?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/KRW to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
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View My Alerts
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.