TRY/KRW: what to know
The TRY/KRW rate shows how much KRW you get for 1 TRY. Right now, 1 TRY buys 27.8322 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.0359 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while KRW responds to tech exports and global risk appetite.
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. 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 TRY/KRW rate has ranged between 27.6361 and 34.7897 — a change of -17.45% 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.