CAD/KRW: what to know
The CAD/KRW rate shows how much KRW you get for 1 CAD. Right now, 1 CAD buys 967.1836 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.00103393 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while KRW responds to tech exports and global risk appetite.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. 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 CAD/KRW rate has ranged between 970.8149 and 1,110.02 — a change of -2.89% 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.