XRP/KRW: what to know
The XRP/KRW rate shows how much KRW you get for 1 XRP. Right now, 1 XRP buys 1,820.75 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.000549224 XRP.
In the short term XRP is driven mainly by crypto-market sentiment and regulation, while KRW responds to tech exports and global risk appetite.
XRP is designed for fast, low-cost payments and cross-border settlement. 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 XRP/KRW rate has ranged between 1,405.82 and 4,303.24 — a change of -57.22% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.