XAU/KRW: what to know
The XAU/KRW rate shows how much KRW you get for 1 XAU. Right now, 1 XAU buys 5,836,506.80 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.000000171335 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while KRW responds to tech exports and global risk appetite.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
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.