100 Million Won to AUD Dollar: An Exchange Rate Analysis
Introduction
The Korean won (KRW) is the official currency of South Korea, while the Australian dollar (AUD) is the official currency of Australia. When it comes to exchanging currencies, understanding the exchange rate is crucial. In this article, we will explore the value of 100 million won in AUD dollars and analyze the exchange rate between the two currencies.
Current Exchange Rate
As of the current date, the exchange rate between the Korean won and the Australian dollar is:
1 KRW = 0.0012 AUD
Using this exchange rate, we can calculate the value of 100 million won in AUD dollars:
100,000,000 KRW x 0.0012 AUD/KRW = 120,000 AUD
Historical Exchange Rate Analysis
To better understand the fluctuations in the exchange rate, let's take a look at the historical exchange rate between the Korean won and the Australian dollar over the past year:
| Date | Exchange Rate (KRW/AUD) |
|---|---|
| 1 year ago | 0.0011 |
| 6 months ago | 0.0013 |
| 3 months ago | 0.0012 |
| Current | 0.0012 |
As shown in the table above, the exchange rate has fluctuated over the past year. The value of 100 million won in AUD dollars has also changed accordingly:
| Date | 100 million KRW in AUD |
|---|---|
| 1 year ago | 110,000 AUD |
| 6 months ago | 130,000 AUD |
| 3 months ago | 120,000 AUD |
| Current | 120,000 AUD |
Factors Affecting the Exchange Rate
Several factors can influence the exchange rate between the Korean won and the Australian dollar, including:
- Economic indicators: GDP growth rate, inflation rate, and interest rates can affect the exchange rate.
- Political stability: Political unrest or stability in both countries can impact the exchange rate.
- Trade balance: The trade balance between South Korea and Australia can influence the exchange rate.
- Commodity prices: Changes in commodity prices, such as iron ore or coal, can affect the AUD exchange rate.
Conclusion
In conclusion, 100 million won is equivalent to approximately 120,000 AUD based on the current exchange rate. Understanding the exchange rate and its fluctuations is crucial for individuals and businesses involved in international trade and investment. By analyzing the historical exchange rate and factors affecting the exchange rate, we can better navigate the complexities of international finance.
