KRW/GBP: what to know
The KRW/GBP rate shows how much GBP you get for 1 KRW. Right now, 1 KRW buys 0.000546 GBP at the mid-market rate. In the other direction, 1 GBP is worth 1,831.91 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while GBP responds to Bank of England policy and the UK economy.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the KRW/GBP rate has ranged between 0.000482 and 0.000546 — a change of +2.16% 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.