AUD to KRW: Australian Dollar to Korean Won Exchange Rate Guide 2026
Live rate, conversion table, and Australia-Korea travel money guide — Updated May 15, 2026
Table of Contents
1. AUD to KRW Conversion Table
Quick reference conversions of common Australian Dollar amounts to Korean Won, based on the live mid-market rate of 1 AUD = 1,080.77 KRW as of May 15, 2026. Actual exchange rates at banks or money changers will differ by 0.5%–3%.
| Australian Dollars (AUD) | Korean Won (KRW) — Approx. | Approx. USD Value |
|---|---|---|
| A$100 AUD | ₩108,077 KRW | $64.00 |
| A$200 AUD | ₩216,155 KRW | $128.00 |
| A$500 AUD | ₩540,387 KRW | $320.00 |
| A$1000 AUD | ₩1,080,775 KRW | $640.00 |
| A$2000 AUD | ₩2,161,550 KRW | $1,280.00 |
| A$5000 AUD | ₩5,403,875 KRW | $3,200.00 |
| A$10000 AUD | ₩10,807,750 KRW | $6,400.00 |
Mid-market rates as of May 15, 2026. For exact real-time conversion, use our live AUD to KRW calculator.
2. Historical AUD/KRW Rate with RBA vs BOK Policy Context
The AUD/KRW rate reflects the economic fundamentals of two export-dependent, commodity-linked economies. Both currencies are sensitive to global risk appetite and Chinese economic conditions.
| Period | Approx. Range (KRW per 1 AUD) | Key Events (RBA & BOK Policy) |
|---|---|---|
| 2019 | 790–860 KRW | RBA cut rates twice; China slowdown weighed on AUD; BOK cut once |
| 2020 | 700–840 KRW | COVID-19 crisis; RBA cut to 0.1%; AUD crashed then recovered on iron ore demand |
| 2021 | 850–920 KRW | Commodity boom lifted AUD; both RBA and BOK held rates near zero |
| 2022 | 860–950 KRW | RBA hiked aggressively (0.1%→3.1%); BOK also hiked; both currencies under USD strength pressure |
| 2023 | 840–900 KRW | China economic slowdown pressured AUD; RBA nearing peak rates |
| 2024 | 820–890 KRW | RBA cautious on cuts; BOK eased; AUD modestly stronger vs KRW |
| 2025–2026 | 1,080.77 KRW (current) | RBA beginning easing cycle; China stimulus supporting iron ore; Korea political uncertainty in late 2025 |
The China Factor: Why AUD and KRW Move Together
Both Australia and South Korea are deeply linked to the Chinese economy, but in different ways. Australia is China's largest supplier of iron ore, coal, and LNG — commodities that fuel China's industrial economy. South Korea exports semiconductors, petrochemicals, and industrial machinery to China. When China's economy accelerates, demand for Australian commodities rises (supporting AUD) and Korean exports increase (supporting KRW). Both currencies often weaken simultaneously during China slowdowns.
This correlation means that AUD/KRW tends to be less volatile than many other currency pairs, as both sides of the pair often move in the same direction relative to USD.
3. Australia-Korea FTA Trade Relationship (KAFTA)
The Korea-Australia Free Trade Agreement (KAFTA) entered into force on December 12, 2014, making South Korea Australia's fourth FTA partner in Asia (after Thailand, USA, and Singapore).
KAFTA Key Benefits
- Over 99.8% of Australian goods exported to Korea can enter duty-free or at reduced tariffs
- Australian beef exports to Korea have surged post-KAFTA, displacing US and EU beef with competitive pricing
- Australian wine, seafood, and dairy access Korean markets with reduced or zero tariffs
- Korean manufacturers (Hyundai, Samsung, LG) benefit from streamlined investment rules in Australia
Bilateral Trade Statistics
| Trade Flow | Top Categories | Annual Value (approx.) |
|---|---|---|
| Australia → Korea (Exports) | Coal (coking & thermal), iron ore, LNG, beef, copper, wheat, wool | ~A$20–25B |
| Korea → Australia (Imports) | Passenger vehicles (Hyundai/Kia), electronics, refined oil products, steel, machinery, plastics | ~A$10–14B |
South Korea is consistently Australia's 3rd or 4th largest export market, with energy and resources dominating the trade relationship. Australia's coal and LNG supply is critical for Korea's electricity generation and steel production.
4. Australia to Korea: Best Ways to Exchange Money
Planning a trip from Australia to South Korea? Here are the four best methods to get your AUD exchanged for KRW at the best possible rate.
Method 1: Multi-Currency Travel Card (Recommended)
Load Wise or Revolut with AUD before you depart, then convert to KRW at or near the mid-market rate via the app. Use the physical card to spend in Korea or withdraw KRW from ATMs. This avoids carrying large amounts of cash and gives you the best rate.
Pro tip: Convert to KRW in the Wise app when the AUD/KRW rate looks favorable, even before your trip.
Method 2: Exchange AUD at Myeong-dong in Seoul
Licensed money changers in Myeong-dong, Seoul accept AUD cash and offer competitive rates (typically 1%–2% from mid-market). Bring clean, unfolded notes. This is one of the best options if you prefer cash. Staff often speak English and Chinese.
Location tip: Money changers are concentrated on the pedestrian street between Myeong-dong Station and the Lotte Department Store.
Method 3: Exchange AUD Before Leaving Australia
Australia Post, Travelex, and major bank branches (ANZ, Commonwealth, Westpac, NAB) offer AUD-to-KRW exchange. Rates are typically 2%–3.5% from mid-market, better than airport desks. Click-and-collect from Travelex or Australia Post can offer slightly better rates than walk-in.
Best for: Travelers who want KRW cash ready before landing at Incheon Airport.
Method 4: Airport Exchange (Last Resort)
Sydney (SYD), Melbourne (MEL), and Brisbane (BNE) airports have Travelex desks offering KRW. Rates are poor (3%–6% markup) and convenience comes at a price. Incheon Airport FX booths on arrival are similarly expensive. Only use airports for emergency small cash amounts.
Practical Korea Travel Money Tips for Australians
- Korea is increasingly cashless but many traditional markets (Namdaemun, Dongdaemun) still prefer cash
- T-money card for Seoul Metro and buses costs around ₩4,000 to purchase and is topped up with KRW cash at convenience stores
- Most Korean ATMs accept Visa/Mastercard foreign cards at 7-Eleven, GS25, and CU convenience stores
- Avoid dynamic currency conversion (DCC) — always choose to pay in KRW when using your card, never in AUD
- Gimpo Airport (if flying to Seoul from Japan or domestic Korean routes) has fewer FX options than Incheon
5. Korean Community in Australia: Remittance Tips
Australia is home to approximately 190,000–200,000 Korean-Australians, making it one of the significant Korean diaspora communities globally. Key hubs include:
Sydney
Strathfield, Eastwood, Campsie — largest Korean population in Australia. "Korea Town" centered around Strathfield Plaza.
Melbourne
Box Hill, Glen Waverley, CBD — significant Korean business and student community.
Brisbane
Sunnybank, Brisbane CBD — growing Korean community including many working-holiday visa holders.
Best Remittance Options for Korean-Australians Sending AUD to Korea
| Service | Exchange Rate | Fee (A$1,000 transfer) | Delivery Speed | Korea Bank Support |
|---|---|---|---|---|
| Wise | Mid-market | ~A$7–9 | Same day – 1 business day | All major Korean banks |
| OFX | ~0.8% markup | No fee above A$10,000 threshold | 1–2 business days | All major Korean banks |
| Remitly | ~1% markup | A$0–3.99 | Minutes – 3 business days | KB, Shinhan, Hana, Woori |
| Australian Banks (CBA/ANZ/Westpac) | ~2%–3% markup | A$22–32 flat fee | 2–5 business days | SWIFT to any Korean bank |
Korean Working Holiday Visa Holders in Australia
Thousands of Korean nationals participate in Australia's Working Holiday Visa (WHV) program each year. Many earn AUD picking fruit, working in hospitality, or in skilled roles, then send money back to Korea regularly. For WHV holders:
- Wise or Remitly are the best options for regular small-to-medium transfers (A$500–A$5,000)
- Open a NAB or ING Australian bank account for free international transfers with no monthly fee
- Avoid using your Korean bank card at Australian ATMs — Korean banks typically charge ₩3,000–₩5,000 per withdrawal plus a currency conversion fee
- Track the AUD/KRW rate on FXKRW to identify good times to send larger batches
6. Frequently Asked Questions
Q: What is the current AUD to KRW exchange rate?
As of May 15, 2026, the live mid-market rate is 1 AUD = 1,080.77 KRW (or 0.000925 AUD per 1 KRW). This rate updates continuously. Use FXKRW's live AUD/KRW calculator for the real-time rate.
Q: How do I convert Australian Dollars to Korean Won?
Multiply your AUD by the current rate. At today's rate of 1,080.77 KRW per AUD: A$1,000 = ₩1,080,775 KRW. Use our free converter for instant calculations.
Q: What is the best way to send money from Australia to Korea?
Wise is typically the cheapest option for AUD-to-KRW transfers: mid-market rate, approximately A$7–9 fee per A$1,000, delivered in 1 business day to all major Korean banks. OFX is competitive for larger amounts (no transfer fee above A$10,000). Both are significantly cheaper than Australian bank international wire transfers.
Q: Does Australia have a free trade agreement with South Korea?
Yes. The Korea-Australia Free Trade Agreement (KAFTA) has been in force since December 12, 2014. It eliminates or reduces tariffs on over 99% of goods traded between the two countries. Australian beef, coal, iron ore, and LNG are the biggest export beneficiaries. Korean cars and electronics receive reciprocal market access in Australia.
Q: What factors affect the AUD to KRW exchange rate?
Key drivers are: Reserve Bank of Australia (RBA) interest rate decisions, Chinese economic growth and commodity demand (iron ore, coal, LNG), Bank of Korea (BOK) monetary policy, South Korea's export performance, and global risk sentiment. Both AUD and KRW are risk-sensitive commodity currencies that tend to weaken together during global economic stress.
Convert AUD to KRW Live Now
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