1 AUD to South Korean Won: Exchange Rate and Conversion
The Australian dollar (AUD) is the official currency of Australia, while the South Korean won (KRW) is the official currency of South Korea. If you're planning to travel or conduct business between these two countries, it's essential to understand the exchange rate between the two currencies.
Current Exchange Rate
As of the current date, the exchange rate is:
1 AUD = 834.51 KRW
Please note that exchange rates can fluctuate frequently, so it's essential to check the current rate before making any transactions.
Conversion Table
Here's a conversion table to help you understand the exchange rate better:
| AUD | KRW |
|---|---|
| 1 | 834.51 |
| 5 | 4,172.55 |
| 10 | 8,345.10 |
| 20 | 16,690.20 |
| 50 | 41,725.50 |
| 100 | 83,451.00 |
History of the Exchange Rate
The exchange rate between the AUD and KRW has fluctuated over the years, influenced by various economic factors such as interest rates, inflation, and global events. Here's a brief overview of the exchange rate history:
- In 2015, the exchange rate was around 1 AUD = 750 KRW.
- In 2018, the exchange rate reached a high of 1 AUD = 850 KRW.
- In 2020, the exchange rate dropped to around 1 AUD = 780 KRW due to the COVID-19 pandemic.
Things to Consider When Converting AUD to KRW
When converting AUD to KRW, it's essential to consider the following factors:
- Exchange fees: Banks and online currency exchange services often charge fees for converting currencies. These fees can range from 1% to 3% of the transaction amount.
- Transaction limits: Some online services may have minimum or maximum transaction limits, so it's essential to check these limits before making a conversion.
- Market volatility: The exchange rate can fluctuate rapidly due to market changes, so it's crucial to monitor the rate regularly to get the best deal.
Conclusion
The exchange rate between the AUD and KRW can be complex and influenced by various factors. By understanding the current exchange rate, conversion table, and history of the exchange rate, you can make informed decisions when converting your Australian dollars to South Korean won. Remember to consider exchange fees, transaction limits, and market volatility to get the best deal.
