KRW/EUR: what to know
The KRW/EUR rate shows how much EUR you get for 1 KRW. Right now, 1 KRW buys 0.000636 EUR at the mid-market rate. In the other direction, 1 EUR is worth 1,572.75 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while EUR responds to ECB policy and eurozone growth.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the KRW/EUR rate has ranged between 0.000558 and 0.000635 — a change of +3.14% 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.