KRW/BTC: what to know
The KRW/BTC rate shows how much BTC you get for 1 KRW. Right now, 1 KRW buys 0.00000000963340 BTC at the mid-market rate. In the other direction, 1 BTC is worth 103,805,526.25 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while BTC responds to crypto-market sentiment and liquidity.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The supply is capped at 21 million coins.
Over the past 12 months the KRW/BTC rate has ranged between 0.00000000567116 and 0.0000000112346 — a change of +55.06% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.