1 IQD to KRW - Convert Iraqi Dinar to South Korean Won

Looking at the 30-day window, the IQD/KRW pair traded in a range of 1.1013 to 1.1794. The monthly average was 1.1428 with 1.88% volatility. The relatively low volatility indicates stable trading conditions for the IQD/KRW currency pair.

The current mid-market exchange rate is 1 IQD = 1.1869 KRW, updated as of July 3, 2026, 11:52 PM 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.

Iraqi Dinar to South Korean Won Exchange Rate

The IQD/KRW exchange rate tells you how many South Korean Won (KRW) you receive for every Iraqi Dinar (IQD). At the current mid-market rate of 1 IQD = 1.1869 KRW, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

Understanding the IQD/KRW Conversion

Converting Iraqi Dinar to South Korean Won involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

What Affects the IQD to KRW Rate

Exchange rates between Iraqi Dinar and South Korean Won are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the IQD/KRW rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best IQD to KRW Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

Mid-Market Rate Explained

The mid-market rate of 1 IQD = 1.1869 KRW shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.