GBP/KRW: what to know
The GBP/KRW rate shows how much KRW you get for 1 GBP. Right now, 1 GBP buys 1,814.39 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.000551148 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while KRW responds to tech exports and global risk appetite.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. 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 GBP/KRW rate has ranged between 1,815.17 and 2,075.18 — a change of -3.55% 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.