South Korean Won (KRW)
The South Korean Won (KRW / ₩) is South Korea’s official currency and is widely used throughout the country. Travellers to South Korea can save significantly by exchanging KRW at the right time, avoiding airport markups, and choosing a trusted money exchange provider with competitive rates.
What Is the South Korean Won (KRW)?
The South Korean Won (KRW / ₩) is South Korea’s official currency and is widely used throughout the country. Travellers to South Korea can save significantly by exchanging KRW at the right time, avoiding airport markups, and choosing a trusted money exchange provider with competitive rates.
Thousands of travellers visit South Korea each year, making KRW a relevant currency for international travel.
South Korean Won History
The South Korean Won (KRW / ₩) has a long and significant history:
- Introduced in 1953, replacing the Korean Hwan
- Issued by the Bank of Korea, the country’s central bank
- Serves as South Korea’s official legal tender
- Modern banknotes incorporate advanced security features to prevent counterfeiting
The South Korean Won (KRW / ₩) has a long and significant history:
- Introduced in 1953, replacing the Korean Hwan
- Issued by the Bank of Korea, the country’s central bank
- Serves as South Korea’s official legal tender
- Modern banknotes incorporate advanced security features to prevent counterfeiting
Currency code/Symbol
KRW / ₩
Live rate : 1 KRW = 0.0011 AUD
South Korean Won
in stock
Buy South Korean won Cash Now
Banknote Denominations
1,000 KRW, 5,000 KRW, 10,000 KRW, 50,000 KRW
Coin Denominations
1 KRW, 5 KRW, 10 KRW, 50 KRW, 100 KRW, 500 KRW
Where to Buy South Korean Won in Australia
If you’re wondering where to buy South Korean Won in Australia, you have three main options:
Banks
Banks offer KRW exchange, but they are rarely the cheapest option. Their rates often include higher margins and additional service fees. While convenient, banks generally do not offer the best AUD to KRW exchange rate.
Specialist Currency Exchange Providers
Specialist providers like Danesh Exchange offer:
- Better KRW exchange rates
- No hidden fees
- Fast, friendly service
- Reliable availability of KRW notes
Whether you’re travelling for business or leisure, Danesh Exchange makes it easy to buy KRW in Australia at a fair price.
Airport Kiosks
Airport currency exchange kiosks are convenient but expensive. Their rates typically include high margins, meaning travellers often pay significantly more for the same amount of KRW. It’s best to avoid exchanging money at airports.
Specialist currency providers like Danesh Exchange are one of the cheapest ways for buying currency. With competitive rates, no hidden fees, and fast service, making it easier for travellers and families to get the currency they need at a fair price anywhere in Australia.
Should I Buy KRW Now?
The best time to buy KRW is when the AUD to KRW exchange rate is favourable. Because rates fluctuate daily, monitoring small dips can help you save money.
Many travellers purchase KRW 1–2 weeks before departure to avoid lastminute airport rates and ensure they have cash ready upon arrival.
Why travellers prefer Danesh Exchange?
Travellers choose Danesh Exchange for:
Better
exchange rates
No
commission fees
Faster,
friendly service
Guaranteed
availability of KRW notes
More flexible
denominations
Tips for Getting the Best KRW Exchange Rate
Compare exchange rates before purchasing
Check multiple providers to see who’s offering the strongest KRW rate. Even small differences can add up when exchanging larger amounts
Choose providers with no hidden fees
Look for transparent pricing. A great rate means nothing if extra charges eat into your money.
Buy during favourable market dips
Exchange rates move daily. If you’re not in a rush, monitor the market and buy when the AUD strengthens.
Use trusted, well reviewed money exchangers
Reputation matters. Choose licensed, well‑reviewed providers to ensure safety, accuracy, and fair pricing.
Is It Safe to Buy Won in Australia?
Yes — as long as you use a licensed and reputable money exchange provider. Look for:
Transparent pricing
No commission fees
Verified customer reviews
FAQ
How can I get South Korean Won in Australia?
Danesh Exchange offers easy online ordering with 3,000+ Australia Post pickup locations or home delivery.
How much South Korean Won can I order?
You can order up to AUD 7,000 per transaction.
What denominations do South Korean Won notes come in?
Common notes include ₩1,000, ₩5,000, ₩10,000 and ₩50,000. Danesh Exchange provides commonly used denominations suitable for travel.
What are the fees for buying South Korean Won?
No commission fees — you only pay the exchange rate. Delivery fees may apply depending on your chosen option.
Is the South Korean Won accepted outside the South Korea?
No. The South Korean Won is a domestic currency and is generally only accepted within South Korea.
Is it cheaper to exchange money in Australia or the South Korea?
Travellers often get better value by exchanging money in Australia, where rates are more transparent and regulated.
Can I sell leftover South Korean Won when I return to Australia?
Yes, you can sell your unused South Korean Won back to Australian Dollars. Get in touch with us.
Can I use Australian Dollars in South Korea?
No — AUD is not accepted for everyday purchases in South Korea. It may be exchanged locally, often at less favourable rates.
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