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NZD to KRW - Rate Guide

New Zealand 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.

 

NZD/KRW trend & alerts

1 NZD = 747.03 KRW

NZD/KRW is trading well below the 90 day average 769.18 with a range from LOW 745.82 to HIGH 795.86. There are currently no alerts.
 

View NZD/KRW - Interactive Chart

NZD/KRW Exchange Rates and Providers Compared

This guide to the New Zealand Dollar to South Korean Won exchange rate with 90-day chart & alerts, historic rates, forecasts and NZD to KRW comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the NZD/KRW Calculator.

NZD / KRW converter & margin calculator

NZ$NZD
₩KRW
mid-rates

Compare how much you can save on NZD/KRW exchange rates for:

Foreign Transfers Travel Money

Foreign Transfers Travel Money

New Zealand Dollar

South Korean Won

1 NZD 747.03 KRW
5 NZD 3,735.15 KRW
10 NZD 7,470.30 KRW
20 NZD 14,940.60 KRW
50 NZD 37,351.50 KRW
100 NZD 74,703.00 KRW
250 NZD 186,757.50 KRW
500 NZD 373,515.00 KRW
1,000 NZD 747,030.00 KRW
2,000 NZD 1,494,060.00 KRW
5,000 NZD 3,735,150.00 KRW
10,000 NZD 7,470,300.00 KRW
50,000 NZD 37,351,500.00 KRW
100,000 NZD 74,703,000.00 KRW
See more

New Zealand Dollar

South Korean Won

0.0013 NZD 1 KRW
0.0067 NZD 5 KRW
0.0134 NZD 10 KRW
0.0268 NZD 20 KRW
0.0670 NZD 50 KRW
0.1339 NZD 100 KRW
0.3348 NZD 250 KRW
0.6695 NZD 500 KRW
1.3390 NZD 1,000 KRW
2.6780 NZD 2,000 KRW
6.6950 NZD 5,000 KRW
13.39 NZD 10,000 KRW
66.95 NZD 50,000 KRW
133.90 NZD 100,000 KRW
See more
Country Guides (NZD & KRW)
New ZealandNew Zealand (NZD)Cook IslandsCook Islands (NZD)NiueNiue (NZD)
PitcairnPitcairn (NZD)South KoreaSouth Korea (KRW)TokelauTokelau (NZD)

NZD/KRW - Historical Trends

This table shows historic rates and trends of New Zealand Dollar to South Korean Won over periods upto 10 years.

PeriodChange*NZD/KRWDate
1 Day+0.1%745.374515 Oct 2019
7 Day-0.9%753.026309 Oct 2019
30 Day-0.6%751.029116 Sep 2019
3 Month-6%794.122718 Jul 2019
1 Year+0.9%739.399416 Oct 2018
5 Year-11.4%842.287217 Oct 2014
10 Year-13.7%864.957318 Oct 2009

*For period to 16-Oct 21UTC when NZD/KRW was 746.3579

You can use our NZD interactive charts to check NZDKRW historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

NZD and KRW in the Markets

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

New Zealand Dollar (NZD)

The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.

At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.

Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.

Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.

Read more in the article NZD 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 NZD/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 NZD / 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 NZD Exchange Rates