Damon Mcknight
The South Korean Won (KRW) to Australian Dollar (AUD) exchange rate is a popular currency pair for travellers and businesses alike. With Australia and South Korea both being significant economies in the Asia-Pacific region, understanding the exchange rate between their currencies is essential for individuals and businesses transacting between the two countries. Currency exchange rates fluctuate constantly, so it is essential to stay informed about the latest mid-market rates and trends when converting between the Won and the Australian Dollar.
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What You'll Learn
Current exchange rate
Note: I am unable to provide exchange rate information for a specific date. The information below is based on the most recent data available.
The exchange rate between the South Korean won (KRW) and the Australian dollar (AUD) fluctuates regularly. Several factors influence the exchange rate, including interest rates, inflation rates, and economic and political events in both South Korea and Australia.
Typically, the exchange rate is presented as a ratio, such as 1 AUD to KRW, indicating how much one Australian dollar is worth in South Korean won. Conversely, it can also be presented as 1 KRW to AUD, showing the worth of one South Korean won in Australian dollars.
When travelling or conducting business between South Korea and Australia, staying updated with the current exchange rate is essential. This ensures that you understand the relative value of the two currencies and can make informed decisions regarding currency exchange.
To find the most up-to-date exchange rate, it is advisable to refer to reliable financial websites or applications that provide real-time or near real-time exchange rate information. These sources will offer the most accurate and current data, allowing you to make timely and well-informed financial decisions.
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Historical exchange rates
On July 11, 2025, the Australian dollar reached its peak against the US dollar, with 1 AUD equalling 0.6594 USD. Conversely, on April 9, 2025, the Australian dollar hit its lowest point against the US dollar, with 1 AUD only worth 0.5955 USD.
The Australian dollar's value relative to other currencies is influenced by various factors, including economic indicators such as GDP growth, inflation, and interest rates. Geopolitical events, such as elections and trade agreements, can also play a role in exchange rate fluctuations. Central bank decisions, particularly interest rate changes, can significantly impact the exchange rate.
It's worth noting that exchange rates are dynamic and constantly changing. The historical context and specific dates significantly impact the exchange rate. When examining historical exchange rates, it is essential to consider the broader economic and geopolitical landscape that may have influenced currency values.
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Currency conversion fees
Some companies, such as Wise, advertise that they offer low fees for currency conversions. They claim to provide the mid-market exchange rate without any hidden fees or exchange rate markups. This means that users can avoid paying extra charges on top of the actual exchange rate.
On the other hand, services like Revolut offer competitive exchange rates for converting Won to Australian Dollars. While they do not explicitly mention low fees, they emphasize their dynamic exchange rates and in-app fee transparency. Users can download the Revolut app, add money in South Korean Won, and then convert and spend in Australian Dollars.
It is worth noting that exchange rates can fluctuate, and the fees associated with currency conversions may change accordingly. Services like Xe provide tools to track and analyze exchange rate trends over time, allowing users to make informed decisions about when to convert their currencies. They also offer low fees for international money transfers, although the exact rates may vary.
In summary, when considering currency conversion fees for exchanging Won to Australian Dollars, it is advisable to compare multiple service providers. By researching their fee structures, exchange rates, and additional features, individuals can make informed choices that align with their specific needs and financial circumstances.
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International money transfers
When transferring money from Australian dollars to South Korean won, there are several options available to you.
Western Union
Western Union offers international money transfers from Australia to over 200 countries and territories. You can pay online through your bank account, with your credit/debit card, or with cash in-store. You can also track your money transfer online or via the Western Union app. Western Union also makes money from currency exchange, so be sure to compare transfer fees and exchange rates before choosing a money transmitter.
MoneyGram
With MoneyGram, you can send money internationally from Australia to over 200 countries and territories. They offer zero fees and superior foreign exchange rates on your first transfer. You can also join the MoneyGram Plus Rewards programme for free and earn discounts with every money transfer.
Xe
Xe has been in the currency business for 30 years and offers international money transfers to 200 countries in 100 currencies. They provide live exchange rates, and you can see the exact cost before sending your money. Xe is owned by the multibillion-dollar company Euronet Worldwide and adheres to regulatory standards in every country it operates in.
CommBank
CommBank offers international money transfers, but the availability of specific currencies may vary depending on the branch. You can use their FX calculator to calculate how much you can get with the current exchange rate.
AUSTRAC
When transferring large amounts of money (AUD10,000 or more) into or out of Australia, you may need to declare it to AUSTRAC (Australian Transaction Reports and Analysis Centre). This can be done through an online declaration form or by requesting a paper version from an Australian Border Force or police officer.
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Currency symbols
The South Korean Won, often denoted as KRW in the foreign exchange market, has the symbol "₩" in everyday use. This symbol, resembling a double-struck W, is unique to the South Korean Won and helps distinguish it from other currencies. The Won is further divided into 100 smaller units called "chon", which are rarely used in their singular form due to their low value.
On the other hand, the Australian Dollar is commonly represented by the symbol "$" preceded by a letter or letters denoting Australia or the Australian Dollar, such as "A$," "Au$," "$Au," "Aud$," "$Aud," "Aus$," or "$Aus." This symbolisation is in line with other dollar-based currencies worldwide, such as the US Dollar or Singapore Dollar. The Australian Dollar is also divided into 100 smaller units called "cents", similar to other dollar-based currencies.
When exchanging South Korean Won for Australian Dollars, or vice versa, it is crucial to be mindful of the exchange rates, which fluctuate constantly due to market dynamics. Currency exchange platforms and apps often provide real-time or slightly delayed exchange rate information, helping individuals make informed decisions about their currency conversions. These platforms may also offer additional features, such as rate alerts, historical data, and conversion fee structures, to aid in the decision-making process.
In summary, understanding the currency symbols of the South Korean Won and Australian Dollar is fundamental when discussing their exchange. The unique symbols and denominations provide clear identification and representation of these currencies in the global financial landscape.
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Frequently asked questions
As of 23 July 2025, 1 Korean Won is equal to a maximum of 0.001 Australian Dollars.
The symbol for the Australian Dollar is AU$.
The symbol for the Korean Won is ₩.
You can use a currency exchange calculator or converter, which will use the mid-market rate for conversion.
Some platforms that allow conversion between these currencies include Wise and Revolut.
