EUR/KRW: what to know
The EUR/KRW rate shows how much KRW you get for 1 EUR. Right now, 1 EUR buys 1,556.01 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.000642670 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while KRW responds to tech exports and global risk appetite.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. 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 EUR/KRW rate has ranged between 1,558.40 and 1,793.63 — a change of -4.07% 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.