BTC/KRW: what to know
The BTC/KRW rate shows how much KRW you get for 1 BTC. Right now, 1 BTC buys 103,716,162.94 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.00000000964170 BTC.
In the short term BTC is driven mainly by crypto-market sentiment and liquidity, while KRW responds to tech exports and global risk appetite.
The supply is capped at 21 million coins. 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 BTC/KRW rate has ranged between 89,010,382.00 and 176,330,900.12 — a change of -35.51% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.