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

Looking at the 30-day window, the KRW/IQD pair traded in a range of 0.824900 to 0.888500. The monthly average was 0.855431 with 2.06% volatility. This upward movement of 2.7% suggests significant momentum in the KRW/IQD exchange rate.

The current mid-market exchange rate is 1 KRW = 0.842553 IQD, updated as of July 3, 2026, 6:29 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.

South Korean Won to Iraqi Dinar Exchange Rate

The KRW/IQD exchange rate tells you how many Iraqi Dinar (IQD) you receive for every South Korean Won (KRW). At the current mid-market rate of 1 KRW = 0.842553 IQD, 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.

Sending Money from KRW to IQD

International money transfers from South Korean Won to Iraqi Dinar can be made through banks, online transfer services, or specialist forex brokers. Transfer times range from instant to several business days depending on the corridor and provider. Online services like Wise, Revolut, and OFX typically offer better rates and lower fees than traditional bank wire transfers, though availability varies by country and currency pair.

South Korean Won Overview

The South Korean Won (KRW) is the official currency of South Korea. Driven by a technology-heavy export economy, the Won is influenced by global semiconductor demand and trade with China. Understanding the fundamentals behind KRW helps contextualize its exchange rate movements against IQD and other currencies.

Iraqi Dinar Overview

The Iraqi Dinar (IQD) is the official currency of Iraq. The Central Bank of Iraq manages the currency through a managed float system, with oil exports providing the primary source of foreign exchange. The IQD exchange rate against KRW reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 KRW = 0.842553 IQD 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.

Reverse Rate: IQD to KRW

The reverse exchange rate is 1 IQD = 1.1869 KRW. This is useful if you are starting with Iraqi Dinar and want to know how much South Korean Won you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated IQD to KRW converter for the reverse direction.