SGD/KRW: what to know
The SGD/KRW rate shows how much KRW you get for 1 SGD. Right now, 1 SGD buys 1,051.82 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.000950734 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while KRW responds to tech exports and global risk appetite.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. 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 SGD/KRW rate has ranged between 1,058.17 and 1,200.66 — a change of -1.83% 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.