RON/KRW: what to know
The RON/KRW rate shows how much KRW you get for 1 RON. Right now, 1 RON buys 296.1702 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.00337644 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while KRW responds to tech exports and global risk appetite.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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 RON/KRW rate has ranged between 296.6844 and 343.8280 — a change of -7.57% 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.