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Understanding the Table:
The comparison table above helps you see the total cost of your Wise currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The average GBP rate margin offered by Wise is 0.65%.
This average is based on individual GBP 10K transfer rates in the currency pairs from Wise that we monitor.
The tables below show the best and worst exchange rate margins offered by Wise for British pound (GBP 10K) transactions. Margins show the percentage difference from the mid-market rate.
British pound (GBP) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/USD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average but lacks a clear driver.
USD/KRW Outlook: Slightly positive, but likely to move sideways, as the rate is above the 90-day average but lacks a clear driver for significant movement.
GBP/EUR Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average and lacks a clear driving factor.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in South Korean won across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-KRW interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Wise GBP to KRW exchange rate is 1974.56. This is -0.73% compared to the latest GBP-KRW mid-market rate 1,989.1.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to South Korean won (KRW) rates from different sources before making a conversion.
The above Wise - Sterling to South Korean won comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest GBP-KRW mid-rate and the possible savings of using various providers.
Looking at the full GBP to KRW - Send Money comparison table the provider with the best GBP to KRW exchange rate is XE at 1977.17, -0.6% from the latest mid-market rate 1,989.1.
The next best is Wise at 1974.56, -0.73% from the mid-rate.
Then Western Union at 1959.26, which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service like Wise or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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