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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 transactions as shown below.

 

SGD/KRW update & alerts

1 SGD = 864.26 KRW

At 864.26 SGD/KRW is trading below its 90 day average 868.47 with range 879.77 to 858.66. There are currently no alerts. Updated: 08:05-AEDT 22:05-BST 17:05-EDT
 

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SGD/KRW Exchange Rates and Providers Compared

This guide to the Singapore Dollar to South Korean Won exchange rate with 90-day chart & alerts, historic rates, forecasts and SGD 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 SGD/KRW Calculator.

SGD / KRW converter & margin calculator

S$SGD
₩KRW
mid-rates

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

Foreign Transfers

Foreign Transfers Travel Money

Singapore Dollar

South Korean Won

1 SGD 864.26 KRW
5 SGD 4,321.30 KRW
10 SGD 8,642.60 KRW
20 SGD 17,285.20 KRW
50 SGD 43,213.00 KRW
100 SGD 86,426.00 KRW
250 SGD 216,065.00 KRW
500 SGD 432,130.00 KRW
1,000 SGD 864,260.00 KRW
2,000 SGD 1,728,520.00 KRW
5,000 SGD 4,321,300.00 KRW
10,000 SGD 8,642,600.00 KRW
50,000 SGD 43,213,000.00 KRW
100,000 SGD 86,426,000.00 KRW
See more

Singapore Dollar

South Korean Won

0.0012 SGD 1 KRW
0.0058 SGD 5 KRW
0.0116 SGD 10 KRW
0.0231 SGD 20 KRW
0.0579 SGD 50 KRW
0.1157 SGD 100 KRW
0.2893 SGD 250 KRW
0.5785 SGD 500 KRW
1.1570 SGD 1,000 KRW
2.3140 SGD 2,000 KRW
5.7850 SGD 5,000 KRW
11.57 SGD 10,000 KRW
57.85 SGD 50,000 KRW
115.70 SGD 100,000 KRW
See more
Country Guides (SGD & KRW)
SingaporeSingapore (SGD)South KoreaSouth Korea (KRW)

SGD/KRW - Historical Trends

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

PeriodChange*SGD/KRWDate
1 Day+0.1%863.322717 Oct 2019
7 Day+0.2%862.497311 Oct 2019
30 Day-0.1%864.999218 Sep 2019
3 Month0%864.461620 Jul 2019
1 Year+4.9%823.591218 Oct 2018
5 Year+3.5%835.196619 Oct 2014
10 Year+2.8%841.001620 Oct 2009

*For period to 18-Oct 21UTC when SGD/KRW was 864.2612

You can use our SGD interactive charts to check SGDKRW historic trends.

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

 

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.

Why can't I just get the SGD/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 SGD / 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.

 

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