KRW/XAU: what to know
The KRW/XAU rate shows how much XAU you get for 1 KRW. Right now, 1 KRW buys 0.000000171378 XAU at the mid-market rate. In the other direction, 1 XAU is worth 5,835,071.30 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while XAU responds to real interest rates, the dollar and safe-haven demand.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.