NZD/KRW: what to know
The NZD/KRW rate shows how much KRW you get for 1 NZD. Right now, 1 NZD buys 779.5505 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.00128279 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while KRW responds to tech exports and global risk appetite.
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. The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
Over the past 12 months the NZD/KRW rate has ranged between 783.1198 and 905.6286 — a change of -5.39% 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.