KRW/AUD: what to know
The KRW/AUD rate shows how much AUD you get for 1 KRW. Right now, 1 KRW buys 0.00103932 AUD at the mid-market rate. In the other direction, 1 AUD is worth 962.1711 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while AUD responds to commodity prices and Chinese demand.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the KRW/AUD rate has ranged between 0.000908804 and 0.00108993 — a change of -4.22% 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.