What's in this Singapore Dollar to South Korean Won guide?
Quick Conversions from Singapore Dollar to South Korean Won
|S$ 1||₩ 861.85|
|S$ 5||₩ 4,309|
|S$ 10||₩ 8,619|
|S$ 20||₩ 17,237|
|S$ 50||₩ 43,093|
|S$ 100||₩ 86,185|
|S$ 250||₩ 215,463|
|S$ 500||₩ 430,925|
|S$ 1,000||₩ 861,850|
|S$ 2,000||₩ 1,723,700|
|S$ 5,000||₩ 4,309,250|
|S$ 10,000||₩ 8,618,500|
|S$ 50,000||₩ 43,092,500|
|S$ 100,000||₩ 86,185,000|
To calculate your own 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)
|Singapore (SGD)||South 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)
At the end of March, Singapore's central bank eased its monetary policy, as widely expected, with the city-state's bellwether economy bracing for a deep recession due to the coronavirus pandemic.
The MAS said it would adopt a zero percent per annum rate of appreciation of the policy band starting at the prevailing level, currently slightly below the mid-point of the policy band.
The markets viewed this annoucement as showing the MAS has kept some fire-power in reserve and could intervene again to lower the SGD.
NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of the year if the coronavirus comes under control.
Overall, it was 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.
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.
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.
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.
We help you Save Money on Exchange Rates.
View all SGD Exchange Rates