CAD to KRW: Canadian Dollar to Korean Won Exchange Rate Guide 2026
Live rate, conversion table, and Canada-Korea exchange guide — Updated May 15, 2026
Table of Contents
1. CAD to KRW Conversion Table
Use the table below for quick reference conversions of common Canadian Dollar amounts to Korean Won. Rates are based on the live mid-market rate of 1 CAD = 1,086.96 KRW as of May 15, 2026. Actual exchange rates will differ by 0.5%–3% depending on the service you use.
| Canadian Dollars (CAD) | Korean Won (KRW) — Approx. | Approx. USD Value |
|---|---|---|
| C$100 CAD | ₩108,696 KRW | $73.00 |
| C$200 CAD | ₩217,391 KRW | $146.00 |
| C$500 CAD | ₩543,478 KRW | $365.00 |
| C$1000 CAD | ₩1,086,957 KRW | $730.00 |
| C$2000 CAD | ₩2,173,913 KRW | $1,460.00 |
| C$5000 CAD | ₩5,434,783 KRW | $3,650.00 |
| C$10000 CAD | ₩10,869,565 KRW | $7,300.00 |
Mid-market rates as of May 15, 2026. For exact real-time conversion, use our live CAD to KRW calculator. Rates at banks and money changers will differ from the mid-market rate.
How to Convert CAD to KRW Manually
To convert Canadian Dollars to Korean Won by hand:
- Find the current CAD/KRW rate (e.g., 1 CAD = 1,086.96 KRW)
- Multiply your CAD amount by the rate: KRW = CAD × 1,086.96
- Example: C$1,000 × 1,086.96 = ₩1,086,957 KRW
- Subtract the exchange fee (typically 0.5%–3%) to get your actual amount received
2. Historical CAD to KRW Exchange Rate (2019–2026)
Understanding how the CAD/KRW rate has moved historically helps you decide whether today's rate is favorable for your exchange. The Canadian Dollar is heavily influenced by commodity prices—particularly crude oil—while the Korean Won is driven by export performance and risk sentiment.
| Period | Approx. Range (KRW per 1 CAD) | Key Events |
|---|---|---|
| 2019 | 870–920 KRW | Stable period; Bank of Canada held rates; Canada-Korea FKFTA in effect |
| 2020 | 780–900 KRW | COVID-19 crash; oil prices collapsed driving CAD lower; BoC cut rates to near zero |
| 2021 | 900–980 KRW | Commodity supercycle; oil recovery; CAD recovered strongly vs KRW |
| 2022 | 950–1,020 KRW | Russia-Ukraine war spiked oil prices; BoC aggressive rate hikes; CAD near multi-year highs vs KRW |
| 2023 | 930–1,010 KRW | BoC paused rate hikes; oil prices softened; KRW weakened on global slowdown fears |
| 2024 | 890–970 KRW | BoC cut rates three times; Canadian housing slowdown; KRW stable vs CAD |
| 2025–2026 | 1,086.96 KRW (current) | BoC easing cycle; trade policy uncertainty from US tariffs affecting CAD; Korea political stability concerns |
Bank of Canada vs Bank of Korea: Policy Divergence Impact
The CAD/KRW rate is significantly influenced by the divergence between Bank of Canada (BoC) and Bank of Korea (BOK) monetary policies. When the BoC raises rates relative to the BOK, the Canadian Dollar tends to strengthen against the Won. Since 2022, the BoC was more aggressive in hiking rates than the BOK, which generally supported CAD strength against KRW.
As of 2026, the BoC has entered an easing cycle while the BOK has been more cautious. This narrowing of the interest rate differential has moderated CAD strength. Additionally, Canada's exposure to US tariff risks (the US is Canada's largest trading partner) creates periodic downside pressure on the Canadian Dollar.
3. Canada-Korea Trade Relationship
Canada and South Korea have maintained a significant bilateral trade relationship, formalized by the Canada-Korea Free Trade Agreement (CKFTA), which came into force on January 1, 2015. It was Canada's first FTA in Asia-Pacific.
Bilateral Trade Overview
Canada-Korea two-way merchandise trade is approximately CAD $15–18 billion annually. South Korea is Canada's 5th-largest export market and 6th-largest import source.
| Trade Flow | Top Categories | Annual Value (approx.) |
|---|---|---|
| Canada → Korea (Exports) | Bituminous coal, crude oil, auto parts, lumber, agricultural products, potash | ~CAD $4.5B |
| Korea → Canada (Imports) | Automobiles (Hyundai, Kia), electronics (Samsung, LG), steel products, machinery | ~CAD $11B |
Korean Community in Canada
Canada is home to approximately 240,000 Korean-Canadians, making it one of the largest Korean diaspora communities outside Asia. Cities with significant Korean communities include:
- Toronto (North York, Thornhill): The largest Korean community in Canada; "Korea Town" on Bloor Street West
- Vancouver (Richmond, Burnaby): Second-largest community; major gateway for Korean students and immigrants
- Calgary: Growing Korean community driven by oil industry employment
This diaspora generates significant CAD-to-KRW remittance flows, estimated at hundreds of millions of Canadian dollars annually. Korean-Canadian students at Canadian universities also generate regular CAD/KRW conversion demand as families support them from Korea.
CAD/KRW and Oil Prices
The Canadian Dollar is widely described as a "petrocurrency" — its value is closely correlated with crude oil prices. Since South Korea imports nearly 100% of its oil needs, there is an interesting dynamic: when oil prices rise, CAD strengthens (Canada benefits) while KRW may weaken slightly (Korea pays more for oil imports). This creates a natural tendency for the CAD/KRW rate to rise when oil prices increase.
4. Best Ways to Exchange CAD to KRW (5 Methods)
Here are the five main options for converting Canadian Dollars to Korean Won, ranked from best to worst value:
1. Online Money Transfer Services (Best Rate)
Wise, Remitly, OFX — These services use the mid-market rate or very close to it, with transparent fees of 0.5%–1.5%. For sending CAD to a Korean bank account, Wise is typically the cheapest option, especially for amounts over C$500.
Example: Sending C$2,000 via Wise costs approximately C$10–$18 in fees vs C$30–$60+ at a Canadian bank with a worse exchange rate.
Best for: Electronic transfers to Korean bank accounts, regular remittances, Korean-Canadians sending money home.
2. Korean Banks with FX Desks (Good for Large Amounts)
Major Korean banks — Hana Bank, Shinhan Bank, KB Kookmin, Woori Bank — offer CAD exchange at their main branches with foreign exchange desks. Spread: typically 1%–2% from mid-market. Hana Bank historically offers competitive CAD rates due to its strong Canadian correspondent banking relationships.
Best for: Large cash exchanges in Korea, existing Korean bank customers.
3. Myeong-dong / Itaewon Money Changers (Good for Cash)
Licensed foreign exchange booths in Seoul's Myeong-dong and Itaewon districts often offer competitive rates for CAD cash, typically 1%–2% from mid-market. Always confirm the quoted rate includes all fees before handing over cash. These are legal, government-registered operators.
Best for: Cash exchange in Seoul, tourists with CAD banknotes.
4. Canadian Banks (TD, RBC, Scotiabank, BMO)
Canadian banks can exchange CAD to KRW or facilitate international wire transfers to Korea, but rates are typically 2%–3% from mid-market plus a wire fee (C$15–C$45 per transfer). Convenient if you already bank there, but not the cheapest option. Scotiabank and TD have decent international wire transfer infrastructure for Korea.
Best for: Customers who prefer their existing Canadian bank relationship; large one-off transfers where convenience outweighs cost.
5. Airport Exchange Desks (Avoid If Possible)
Airport money changers — whether at Toronto Pearson, Vancouver YVR, Incheon International, or other major airports — typically charge 3%–6% spreads on CAD/KRW. Only use airports for small emergency cash needs. A better strategy is to withdraw KRW from an ATM at Incheon on arrival using a low-fee card (Wise, Revolut).
Best for: Emergency small cash needs only.
5. Exchange Method Comparison Table
Comparing C$2,000 CAD converted to KRW using different methods (based on mid-market rate: 1 CAD = 1,086.96 KRW):
| Exchange Method | Rate Markup | Flat Fee | KRW Received (C$2,000) | Best For |
|---|---|---|---|---|
| Wise (Online Transfer) | 0.7% | None | ₩2,158,696 | Online transfers, remittances |
| OFX / Remitly | 1% | None | ₩2,152,174 | Online transfer, competitive rates |
| Myeong-dong Money Changer | 1.5% | None | ₩2,141,304 | Cash exchange in Seoul |
| Korean Bank (Branch) | 1.8% | ₩5,000 | ₩2,129,783 | Large transfers, bank customers |
| Canadian Bank (RBC/TD) | 2.5% | ₩25,000 | ₩2,094,565 | Convenience, existing customers |
| Airport Desk | 4.5% | None | ₩2,076,087 | Emergency cash only |
Figures are illustrative based on current mid-market rate. Actual rates vary by provider and day. Data as of May 15, 2026.
6. Frequently Asked Questions
Q: What is the current CAD to KRW exchange rate?
As of May 15, 2026, the live mid-market rate is 1 CAD = 1,086.96 KRW (or 0.000920 CAD per 1 KRW). This rate changes continuously. Use FXKRW's live calculator for the current real-time rate, updated every minute.
Q: How do I convert Canadian Dollars to Korean Won?
Multiply your CAD amount by the current CAD/KRW rate. At today's rate of 1,086.96 KRW per CAD: C$1,000 = ₩1,086,957 KRW. Use our free CAD to KRW converter for instant real-time conversion.
Q: Where is the best place to exchange CAD to KRW?
For online transfers: Wise is generally the cheapest with fees of ~0.7% and mid-market rates. For cash exchange in Korea: licensed money changers in Myeong-dong, Seoul. For large transfers: Hana Bank or Shinhan Bank offer competitive rates for their customers.
Q: What factors affect the CAD to KRW exchange rate?
The main drivers are: Bank of Canada and Bank of Korea interest rate policies, global crude oil prices (CAD is a petrocurrency), South Korea's export performance, global risk sentiment, and US Federal Reserve policy which affects both currencies through their USD relationships. Rising oil prices typically support a stronger CAD vs KRW.
Q: Can I exchange Canadian Dollars for Korean Won at Korean banks?
Yes. Major Korean banks — Hana Bank, Shinhan Bank, KB Kookmin, and Woori Bank — all exchange CAD to KRW at main branches with FX desks. Bring your passport. Rates are typically 1%–2% from mid-market. For large amounts (over CAD 5,000), calling ahead to confirm cash availability is recommended.
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