KRW/TRY: what to know
The KRW/TRY rate shows how much TRY you get for 1 KRW. Right now, 1 KRW buys 0.0359 TRY at the mid-market rate. In the other direction, 1 TRY is worth 27.8322 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while TRY responds to high inflation and central-bank policy.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
Over the past 12 months the KRW/TRY rate has ranged between 0.0287 and 0.0362 — a change of +21.13% 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.