CHF/KRW: what to know
The CHF/KRW rate shows how much KRW you get for 1 CHF. Right now, 1 CHF buys 1,643.10 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.000608606 CHF.
In the short term CHF is driven mainly by safe-haven demand and SNB policy, while KRW responds to tech exports and global risk appetite.
The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value. 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 CHF/KRW rate has ranged between 1,654.66 and 1,954.92 — a change of -4.96% 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.