KRW/NZD: what to know
The KRW/NZD rate shows how much NZD you get for 1 KRW. Right now, 1 KRW buys 0.00127827 NZD at the mid-market rate. In the other direction, 1 NZD is worth 782.3046 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while NZD responds to soft-commodity prices and risk appetite.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the KRW/NZD rate has ranged between 0.00110421 and 0.00127694 — a change of +5.70% 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.