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SGD to KRW - Rate Guide

Singapore 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/Card transactions as shown below.

 

1 SGD = 855.2 KRW

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SGD to KRW - Trading Range (90 Day)
90-DAY LOW (4d)
SGD/KRW at 855.75 is trading 0.7% below the 90-day average 861.46 with a range 850.06 to 876.83. There are no current rate alerts.
18-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Singapore Dollar to South Korean Won

SGD

KRW

S$ 1
855.20
S$ 5
4,276
S$ 10
8,552
S$ 20
17,104
S$ 50
42,760
S$ 100
85,520
S$ 250
213,800
S$ 500
427,600
S$ 1,000
855,200
S$ 2,000
1,710,400
S$ 5,000
4,276,000
S$ 10,000
8,552,000
S$ 50,000
42,760,000
S$ 100,000
85,520,000
More amounts

SGD

KRW

S$ 0.0012
1
S$ 0.0058
5
S$ 0.0117
10
S$ 0.0234
20
S$ 0.0585
50
S$ 0.1169
100
S$ 0.2923
250
S$ 0.5845
500
S$ 1.1690
1,000
S$ 2.3380
2,000
S$ 5.8450
5,000
S$ 11.69
10,000
S$ 58.45
50,000
S$ 116.90
100,000
More amounts

To calculate specific SGD/KRW amounts use our Convert SGD 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.

Country Guides (SGD & KRW)

SingaporeSingapore (SGD)South KoreaSouth Korea (KRW)

SGD and KRW in the Markets

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

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD 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 SGD 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 SGD 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 SGD to KRW exchange rate to the present day for periods going back upto 10 years.

PeriodChange*SGD/KRWDate
1 Day+0.3%852.723017 Feb 2020
7 Day+0.4%852.607311 Feb 2020
30 Day-0.7%861.934919 Jan 2020
3 Month-0.4%859.330020 Nov 2019
1 Year+3.2%829.391618 Feb 2019
5 Year+4.7%817.386919 Feb 2015
10 Year+4.6%817.797120 Feb 2010

*For period to 18-Feb 21UTC when SGD/KRW was 855.6661

When is the best time to exchange SGD 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 myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all SGD Exchange Rates