The South Korean Won (KRW) is the official currency of South Korea, a nation known for its technological advancements and vibrant culture. The KRW symbolizes economic strength and stability in South Korea, and its exchange rate holds significant importance in both local and international financial transactions.
KRW Exchange Rates in Perspective:
South Korea’s exchange rate policy involves a floating exchange rate system, where the KRW’s value is determined by market forces, including economic performance, inflation, and trade balances.
South Korean Won (KRW) Exchange Rates
| Currency | Name | Rate (1 KRW) |
|---|---|---|
| AUD | Australian Dollar | 0.00103 |
| BRL | Brazilian Real | 0.00369 |
| CAD | Canadian Dollar | 0.00095 |
| CHF | Swiss Franc | 0.00055 |
| CNY | Chinese Renminbi Yuan | 0.00478 |
| CZK | Czech Koruna | 0.01432 |
| DKK | Danish Krone | 0.0044 |
| EUR | Euro | 0.00059 |
| GBP | British Pound | 0.00051 |
| HKD | Hong Kong Dollar | 0.00534 |
| HUF | Hungarian Forint | 0.22714 |
| IDR | Indonesian Rupiah | 11.5489 |
| ILS | Israeli New Sheqel | 0.00216 |
| INR | Indian Rupee | 0.0618 |
| ISK | Icelandic Króna | 0.08673 |
| JPY | Japanese Yen | 0.10798 |
| MXN | Mexican Peso | 0.01235 |
| MYR | Malaysian Ringgit | 0.00279 |
| NOK | Norwegian Krone | 0.00693 |
| NZD | New Zealand Dollar | 0.0012 |
| PHP | Philippine Peso | 0.04056 |
| PLN | Polish Złoty | 0.00248 |
| RON | Romanian Leu | 0.003 |
| SEK | Swedish Krona | 0.00632 |
| SGD | Singapore Dollar | 0.00088 |
| THB | Thai Baht | 0.02155 |
| TRY | Turkish Lira | 0.02953 |
| USD | United States Dollar | 0.00069 |
| ZAR | South African Rand | 0.01135 |
South Korea Map Location:
KRW vs. US Dollar (USD): The KRW to USD exchange rate is vital for South Korea’s international trade, as many transactions, including exports of electronics and automobiles, are priced in USD.
KRW vs. Japanese Yen (JPY): South Korea’s trade relations with Japan make the KRW to JPY rate significant for businesses and investors involved in South Korea-Japan trade.
KRW vs. Chinese Yuan (CNY): Given South Korea’s extensive trade ties with China, the KRW to CNY rate gains relevance in bilateral trade and investment activities between the two nations.
KRW vs. Euro (EUR): Fluctuations in the KRW to EUR rate can impact businesses and travelers engaged in trade and tourism between South Korea and Eurozone countries.
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