AUD/KRW: what to know
The AUD/KRW rate shows how much KRW you get for 1 AUD. Right now, 1 AUD buys 962.1711 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.00103932 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while KRW responds to tech exports and global risk appetite.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
Over the past 12 months the AUD/KRW rate has ranged between 917.4921 and 1,100.35 — a change of +4.40% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.