KRW/JPY: what to know
The KRW/JPY rate shows how much JPY you get for 1 KRW. Right now, 1 KRW buys 0.1156 JPY at the mid-market rate. In the other direction, 1 JPY is worth 8.6533 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while JPY responds to Bank of Japan policy and global risk appetite.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the KRW/JPY rate has ranged between 0.1037 and 0.1169 — a change of +7.85% 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.