1 AUD to KRW - Convert Australian Dollar to South Korean Won

Looking at the 30-day window, the AUD/KRW pair traded in a range of 1,049.1193 to 1,104.7709. The monthly average was 1,076.8612 with 1.49% volatility. This upward movement of 2.5% suggests significant momentum in the AUD/KRW exchange rate.

The current mid-market exchange rate is 1 AUD = 1,093.4525 KRW, updated as of June 4, 2026, 2:33 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Australian Dollar to South Korean Won Exchange Rate

AUD/KRW connects two of the Asia-Pacific's most trade-dependent economies. Australia exports iron ore, coal, LNG, and beef to South Korea, while Korea exports cars (Hyundai, Kia), electronics (Samsung, LG), and industrial goods to Australia. The Korea-Australia FTA, in force since 2014, has deepened bilateral trade that exceeds AUD 40 billion annually.

The KAFTA Trade Highway

The Korea-Australia Free Trade Agreement was a landmark deal that eliminated tariffs on 99% of Australian exports to Korea and improved access for Korean manufacturers in Australia. Australian beef competes with American and domestic Korean beef on Korean supermarket shelves, with the exchange rate directly affecting price competitiveness. Australian LNG powers Korean industry and heating. Korean-made Hyundai and Kia vehicles are among Australia's best-selling car brands, with every vehicle sold generating won revenue from AUD sales. Samsung and LG dominate Australia's electronics market. These commercial flows generate constant AUD/KRW conversion demand. The Korean community in Australia, numbering over 100,000, is concentrated in Sydney's Strathfield and Eastwood suburbs and Melbourne's Box Hill area. Korean students at Australian universities add seasonal conversion demand. Korean tourists visit Australia's beaches and wildlife. The bilateral relationship blends resource trade, manufacturing, technology, and people-to-people connections into a comprehensive economic partnership where AUD/KRW is the daily pricing mechanism. Australia's position as Korea's primary resource supplier and Korea's role as Australia's fourth-largest trading partner ensure this pair carries genuine economic weight beyond speculative interest.

What Drives the AUD/KRW Rate

RBA and Bank of Korea interest rate decisions, iron ore and LNG prices, Korean semiconductor exports, Chinese economic data (both countries' largest trading partner), KAFTA trade volumes, and global tech sector sentiment are the main drivers.

What a Conversion Really Costs

Banks charge 2-3.5%. In Australia, Korean won is less commonly exchanged with spreads of 2-4%. Korean banks in Sydney (Shinhan, KEB Hana) offer competitive rates for the Korean community. In Seoul, Myeongdong counters handle AUD at reasonable rates. Online services charge 0.5-2%. Direct AUD/KRW conversion avoids USD routing costs when available.

How to Get the Best AUD to KRW Rate

Korean bank branches in Sydney offer the best local rates. In Seoul, Myeongdong counters. Compare the mid-market rate on this page. Look for direct AUD/KRW conversion to avoid USD routing. Online services provide competitive rates for transfers in both directions. The KAFTA framework ensures growing trade volumes that will improve AUD/KRW corridor competition over time, benefiting both personal and business converters with tighter spreads and more provider options.