Damon Mcknight
The South Korean Won was first used as Korea's currency between 1902 and 1910. In 1945, Korea became divided, resulting in separate currencies, both called Won, for the South and the North. The Australian Dollar is currently the fifth-most-traded currency in world foreign exchange markets. The Australian Dollar is currently stronger than the Korean Won, with 1 AUD equalling 904.65 KRW, and 1 KRW worth 0.001105 AUD. Currency exchange rates fluctuate by the minute, and there are many online tools and apps available to check the latest rates.
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What You'll Learn
Current exchange rate
The current exchange rate for the South Korean Won (KRW) to the Australian Dollar (AUD) is difficult to pinpoint exactly, as sources provide different figures. However, the rate appears to be around 0.0011 AUD to 1 KRW.
One source gives the 30-day and 90-day highs and lows for the KRW-AUD exchange rate as 0.0011, suggesting that the rate has been stable over this period. Another source supports this, giving the same figure for the 30-day average. However, this source also gives a figure of 1.25 for the change for KRW to AUD, without specifying the time period.
It is important to note that the mid-market exchange rate is typically used for informational purposes only, and individuals sending money will not receive this rate. Additionally, the rate received will depend on the provider used for the transaction. Some providers offer low fees for international money transfers, while others may have higher transaction fees.
The Australian Dollar is currently the fifth-most-traded currency in world foreign exchange markets. The Korean Won is divided into 100 chon, while the Australian Dollar is divided into 100 cents.
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Historical exchange rates
The Australian dollar is currently the fifth-most-traded currency in world foreign exchange markets. It is also used in the Christmas Island, Cocos (Keeling) Islands and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu.
The Won was first used as Korea's currency between 1902 and 1910. In 1945, Korea became divided, resulting in separate currencies, both called Won, for the South and the North.
The performance of KRW to AUD over the last 30 days saw a high of 0.0011 and a low of 0.0011. This means the 30-day average was 0.0011. The change for KRW to AUD was -1.85. Over the last 90 days, the KRW to AUD saw a high of 0.0011 and a low of 0.0011, meaning the 90-day average was 0.0011.
The change for KRW to AUD was 1.25.
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Best exchange rate
When looking for the best exchange rate for the South Korean Won to Australian Dollar, it is important to consider the mid-market rate. This is the rate that sits in the middle of the "buy" and the "sell" rate, with no added transaction fees. While this rate is difficult to access, some companies, such as Wise and Xe, offer it to their customers.
Wise offers a free service with no hidden fees or ads. You can save your favourite currencies and track how the exchange rate changes over time. You can also set alerts for when the rate reaches a certain level. Wise's interactive KRW to AUD chart uses real-time mid-market exchange rates and allows you to view historical data from the last five years.
Xe also provides mid-market rates and allows you to set free rate alerts for any currency pair. They offer a daily analysis of markets, exchange rates, and news, straight to your inbox. Xe's exchange rate API offers real-time, accurate, and reliable data for hundreds of currencies.
It is worth noting that the Reserve Bank of Australia (RBA) calculates and publishes the Trade Weighted Index (TWI), which is based on the composition of Australia's merchandise goods and services trade for the previous fiscal year. However, this data may not be reliable for regulatory or commercial purposes. Additionally, exchange rates are not published on public and bank holidays observed in New South Wales.
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Converting South Korean Won to Australian Dollars
The South Korean won is the currency of South Korea, which was first introduced between 1902 and 1910. Following the division of Korea in 1945, both the South and the North have separate currencies, both called the won. On the other hand, the Australian dollar is the fifth-most-traded currency in world foreign exchange markets.
When converting South Korean Won to Australian Dollars, it is important to keep track of the constantly changing exchange rates. Currency converters such as Wise and Xe provide users with live currency converters, conversion tables, exchange rate histories, and charts. These websites also allow users to save their favourite currencies to check how the exchange rate changes over time. Additionally, Xe offers a daily analysis of markets, exchange rates, and news straight to users' inboxes.
It is also important to consider the fees associated with exchanging currencies. While some platforms offer free transfers, others may charge high transaction fees. For example, Wise advertises that it has no hidden fees and always provides users with the mid-market exchange rate. Xe also claims to use the mid-market rate for its converter, although it notes that users will not receive this rate when sending money.
When sending or exchanging large amounts of money, it is always recommended to consult with a financial professional to ensure you are making the best decision for your specific circumstances. Forbes, for example, provides educational content on currency conversion and recommends products and services based on that information. However, they do not offer financial advice or services and advise users that their financial situation is unique.
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Australian Dollar's global position
The Australian dollar is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu. It is also the fifth-most-traded currency in world foreign exchange markets, as of April 2022.
The Australian dollar was introduced as a decimal currency on 14 February 1966, replacing the non-decimal Australian pound. The conversion rate was set at two dollars to the pound. The $ symbol was intended to have two strokes, but the version with one stroke has always been acceptable. The Australian dollar is subdivided into 100 cents.
The Royal Australian Mint, located in Canberra, produces Australia's coins. It has an international reputation for producing quality numismatic coins. It first issued commemorative 50-cent coins in 1970, commemorating James Cook's exploration of the Australian continent's east coast. The Mint has since issued many other commemorative coins, including triangular coins.
The value of the Australian dollar is influenced by movements in other financial markets and changes in 'risk sentiment'. It tends to appreciate when prices in global equity markets increase and depreciate when equity market prices decline. The Australian dollar saw a significant appreciation during the mining investment boom from the mid-2000s to 2013, reaching a record high of A$1.10 against the US dollar in 2011. This reflected increased demand for the currency and a more positive economic outlook for Australia relative to other countries. The Reserve Bank of Australia (RBA) can intervene in the foreign exchange market if it becomes disorderly or dysfunctional or if the Australian dollar deviates significantly from its fundamental value.
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Frequently asked questions
As of July 21, 2025, 1 Korean Won is equivalent to 0.001105 Australian Dollars.
The won was first used as Korea's currency between 1902 and 1910. In 1945, when Korea became divided, both the North and South had separate currencies, both called the won.
There are several online platforms that offer this conversion, such as Wise, Forbes Advisor, Revolut, and Xe. These platforms often provide live exchange rates and allow for easy international money transfers.
The Australian Dollar is the fifth-most-traded currency in world foreign exchange markets.
First, download the app of your chosen platform. Then, add money to your account in South Korean Won. Next, go to the Transfers section and choose Australia as your destination country. Finally, enter the amount you want to convert in KRW or the amount you want your recipient to receive in AUD.
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