What you should know about...
South Korean Won (KRW)
The KRW is the official currency of South Korea, with the symbol ₩.
Easily exchange, hold, and send KRW with Revolut.
Exchange and transfer fees, fair usage limits, and T&Cs apply.
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South Korean Won to Australian Dollars: Exchange rates today
 KRW |  GBP |
|---|---|
| 1 KRW | 0.00 GBP |
| 10 KRW | 0.00 GBP |
| 20 KRW | 0.00 GBP |
| 50 KRW | 0.02 GBP |
| 100 KRW | 0.04 GBP |
| 250 KRW | 0.12 GBP |
| 300 KRW | 0.14 GBP |
| 500 KRW | 0.24 GBP |
| 1,000 KRW | 0.49 GBP |
| 2,000 KRW | 0.98 GBP |
| 5,000 KRW | 2.47 GBP |
| 10,000 KRW | 4.94 GBP |
| GBP | KRW |
|---|---|
| 1 GBP | 1,996 KRW |
| 10 GBP | 19,960 KRW |
| 20 GBP | 39,920 KRW |
| 50 GBP | 99,802 KRW |
| 100 GBP | 199,604 KRW |
| 250 GBP | 499,011 KRW |
| 300 GBP | 598,813 KRW |
| 500 GBP | 998,022 KRW |
| 1,000 GBP | 1,999,664 KRW |
| 2,000 GBP | 3,999,329 KRW |
| 5,000 GBP | 9,998,323 KRW |
| 10,000 GBP | 19,999,308 KRW |
Exchange rates are dynamic. Always remember to check the applicable rate in-app before carrying out your exchange.
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Learn more about the South Korean Won
History
The South Korean Won was established as the official currency of South Korea in 1962. Its introduction was a key development for the nation, and it continues to be a central part of the economic landscape of both South Korea and Asia. Check our guide about the evolution of KRW to GBP to learn more about their exchange rate history.Characteristics
The South Korean Won is divided into Jeon. You'll find South Korean Won banknotes in 1000, 5000, 10000, 50000 won and coins in 10, 50, 100, 500 won.Monetary policy
The South Korean Won is managed by the Bank of Korea, which is responsible for the currency's monetary policy and currency's value. This approach allows the currency to fluctuate based on market conditions, while the central bank retains the ability to intervene to maintain stability and control inflation. This strategic management is crucial for supporting the economic growth and stability of South Korea.Currency exchange
The value of the South Korean Won is determined by a floating exchange rate. This means its value can fluctuate based on global supply and demand, reflecting the country's economic strength and market conditions.
Facts table for the South Korean Won (KRW)
| Currency name | South Korean Won | |
| Currency code | KRW | |
| Currency symbol | ₩ | |
| Minor unit | Jeon | |
| Minor unit symbol | - | |
| Notes frequently used | 1000, 5000, 10000, 50000 won | |
| Coins frequently used | 10, 50, 100, 500 won | |
| Central bank | Bank of Korea | |
| Users | South Korea |
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