KRW/CAD: what to know
The KRW/CAD rate shows how much CAD you get for 1 KRW. Right now, 1 KRW buys 0.00103086 CAD at the mid-market rate. In the other direction, 1 CAD is worth 970.0666 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while CAD responds to oil prices and the US economy.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the KRW/CAD rate has ranged between 0.000900886 and 0.00103006 — a change of +2.98% 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.