The exchange rate between the South Korean Won (KRW) and the Indian Rupee (INR) was recently at 0.05806 INR per KRW, with notable fluctuations over recent months. Effective currency conversion requires utilizing real-time tools like Wise, which offers transparent pricing and eliminates hidden fees. To gain ideal rates, tracking market trends and considering historical data is vital. Adopting strategies such as rate alerts and forex cards can enhance transaction outcomes. Avoiding common errors like depending on outdated sources is essential for precise conversion. Understanding these factors not only improves financial decisions but also helps in maximizing exchange benefits.
Key Takeaways
- The current exchange rate is 1 KRW = 0.05806 INR, with a recent 90-day range between 0.0582 and 0.0639 INR.
- Conversion tools, like Wise, offer transparent, real-time FX rates, minimizing hidden fees in KRW to INR transactions.
- Monitoring rate fluctuations and setting alerts improves timing for currency exchanges, helping achieve favorable rates.
- Historical data analysis helps anticipate future rate trends, thus aiding KRW to INR exchange strategies.
- Avoid errors by ensuring accurate information, understanding currency codes, and considering market trends in KRW to INR conversions.
Table of Contents
Current KRW to INR Rate
The current KRW to INR exchange rate stands as an essential indicator for individuals and businesses engaged in financial transactions between South Korea and India. As of the latest update, 1 KRW is equivalent to 0.05806 INR, with the mid-market exchange rate noted at 16:33. Conversely, 1 INR translates to 17.11720 KRW. Analyzing historical performance, the 90-day high for KRW to INR was 0.0639, and the 90-day low was 0.0582, with an average exchange rate of 0.0607. Importantly, recent figures show a weekly high of 17.139 INR to KRW on December 24, 2024, and a low of 16.920 INR to KRW on December 18, 2024.
The exchange rate has demonstrated a -3.91% change in the last 30 days and a -9.14% change over 90 days, indicating a slight depreciation. It’s crucial to use a trusted source like all contributors here ensure the rate you are viewing is the correct, real KRW to INR mid-market rate at any given moment. Daily adjustments reveal a -0.110% change for INR to KRW rate, while a weekly change of 1.167% increase suggests moderate fluctuations. It is important to note that the INR’s pegging to the USD influences its rate against KRW, which is also subject to factors like trade dynamics and financial relationships. Recent trends underscore a relatively stable INR to KRW exchange rate with minor fluctuations.
Currency Conversion Methods
Understanding currency conversion methods is essential for anyone engaged in international financial transactions. Converting the South Korean Won (KRW) to the Indian Rupee (INR) requires utilizing accurate and efficient tools, as currency dynamics can greatly impact the outcome. Real-time conversion offers crucial insights, guaranteeing the use of updated mid-market rates with a current example being 1 KRW equaling 0.05806 INR. Such accuracy is achieved through technology-driven platforms like Wise or BookMyForex, which not only provide current data but also forego hidden fees that are often encountered with traditional providers. In 2024, the South Korean Won (KRW) remains a vital component of global turnover, making it imperative to consider exchange rates from reliable sources when converting currencies. These platforms alert users to ideal conversion times, helping track rate fluctuations and facilitating timely transactions. Exchange tools effectively manage conversion processes by allowing users to input the amount, select currency pairs, and execute conversions with ease, often supported by real-time interbank rates. Documentation, enforced by Indian regulations (RBI), can be complex but guarantees transparency and security in transactions.
Comparing rates among various providers is priceless, as it identifies potential mark-ups and helps in securing the most economical exchange solution. Such comparative analysis aids in selecting options that cater best to individual needs, guaranteeing cost-effective currency conversion.
Exchange Rate History
The exchange rate history between the South Korean Won (KRW) and Indian Rupee (INR) reveals important trends, including recent fluctuations, historical peaks, and lows, as well as a detailed 90-day performance analysis. Importantly, KRW to INR has experienced significant changes, such as a decrease by -1.337% over the past week and a historical low rate on December 18, 2024. Over the last 90 days, the average exchange rate of INR to KRW showcased a remarkable 5.73% change, providing valuable insights for those monitoring currency trends. The current KRW to INR exchange rate stands at 0.058, which is slightly lower compared to previous highs noted in recent months, illustrating the dynamic nature of currency fluctuations.
Recent Rate Fluctuations
Recent fluctuations in the KRW to INR exchange rate offer insightful perspectives for analysts and traders alike. As of December 26, 2024, each Korean Won is equivalent to 0.0583 Indian Rupees, showing a decrease from the 2024 average of 0.06152 INR per KRW. This subtle decline reflects ongoing trends where market dynamics influence currency valuations. Over the past week, the KRW to INR rate showed relative stability, with only a slight reduction of 0.481%, highlighting a restrained volatile environment conducive for strategic trading.
December 18, 2024, experienced the most significant 24-hour drop of 0.943%, underlining the need for vigilance in short-term market participation. Forecast analysis anticipates narrow fluctuations, with expected low-high ranges of INR 0.0586 to 0.0603 in the upcoming week, and a slightly broader range for the next three months, reaching up to INR 0.0617. These projections, based on indicators such as the 50-Day and 200-Day Simple Moving Averages, reveal a bearish market sentiment with a 14-Day RSI of 36.08. As traders and analysts evaluate these dynamics, insights drawn from history and current trends help inform strategic decisions in a fluctuating currency landscape.
Historical Peaks and Lows
Examining currency fluctuations over time offers valuable insights into exchange rate behaviors. When considering the South Korean Won (KRW) to Indian Rupee (INR) conversion, historical data from December 2019 to December 2024 reveals a relatively stable pattern. The exchange rate has remained largely within a narrow range, with 1 KRW averaging around 0.058 INR. This stability reflects restrained market volatility during this period, providing a predictable pattern essential for traders and individuals alike.
In terms of historical peaks, the recent high was recorded at 0.059 INR on December 19, 2024. This peak represents the upper boundary of the fluctuation range. Over the past five years, there have been no significant spikes beyond this noted high. Conversely, historical lows reveal a rate of 0.058 INR, which occurred most recently on December 26, 2024. This low is consistent with the lower end of the historical range and underscores the relatively stable nature of this currency pair.
Tracking weekly fluctuations, particularly the significant 0.730% decrease on December 26, 2024, further illustrates the impact of short-term volatility within the overall five-year stability. Collectively, these historical insights aid in understanding exchange rate dynamics.
90-Day Performance Analysis
Steering through the intricacies of daily exchange rates requires a keen understanding of market fluctuations and trends. Currently, the KRW to INR exchange rate shows a modest decline in its day performance, decreasing by 0.730% in the last 24 hours. This adjustment places the current mid-market rate at 0.05806 INR for 1 KRW. Such daily fluctuations necessitate a well-informed approach to currency management, emphasizing the significance of awareness regarding both historical peaks and potential lows to optimize transactional results.
In the past week, the KRW to INR rate achieved its highest point at 0.059 on December 19, 2024, while marking a weekly low of 0.058 on December 26, 2024. This represents a weekly change of 1.337%, demonstrating the inherent volatility of currency exchange markets. A deeper analysis over the past month reveals an increase of 1.49%, contributing to a broader 30-day average rate of 16.6205 INR per KRW.
Such short-term trends must be assessed in conjunction with more extensive historical data to anticipate future movements. This focused analysis aids in strategizing for trading or efficient currency exchange by leveraging platforms like RoboForex or Wise, respectively.
Using Wise for Conversions
When it comes to converting currencies efficiently and transparently, Wise stands out as a premier choice for transferring Korean Won (KRW) to Indian Rupees (INR). At the core of Wise’s service is the use of the mid-market exchange rate, making certain that exchanges are conducted without hidden fees or rate markups. This transparency is further enhanced by the platform’s ability to provide real-time exchange rate tracking, offering users a clear vision of their transactions.
For those interested in analyzing trends or timing conversions, Wise provides extensive tools. Historical conversion charts and alerts can be used to monitor and set notifications for favorable rate changes. This feature is particularly beneficial for users seeking to optimize their conversion timing.
The conversion process itself is straightforward: users input the desired amount of KRW in the converter, select INR as the target currency, and are immediately presented with current and historical exchange statistics. In addition, the availability of a mobile app makes certain that users can execute conversions conveniently on-the-go. With Wise, users can benefit from a service that not only guarantees accuracy through real-time mid-market rates but also offers valuable insights into currency fluctuations.
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Alternative Conversion Options
While Wise offers a streamlined solution for currency conversions between Korean Won (KRW) and Indian Rupees (INR), it is by no means the only option available. Several other platforms and methods can be considered for those seeking diversified approaches to currency exchange. Online solutions include services like MakeMyTrip, which provide multi-currency Forex cards, cashback offers, and efficient deals without hidden charges, thereby granting flexibility and cost-effectiveness. For travelers and individuals needing physical currency, home delivery of Forex cards and currency notes enhances convenience.
Alternative options extend beyond online platforms to include nearby banks and local money exchangers. Depending on the urgency, exchanging currencies at banks may involve longer waiting times and additional fees, while local exchangers could require negotiation skills. Airport counters, although convenient, sometimes prove more expensive. Additionally, Local Authorised Dealer Category II exchangers present a legitimate avenue worthy of consideration.
| Option | Key Features |
|---|---|
| Online Forex Cards | Delivery, No hidden charges, Cashback offers |
| Local Exchanges | Negotiations, May require patience |
| Authorized Dealers | Regulation compliant, Varied exchange rates |
Users are encouraged to compare exchange rates across different providers to identify the most advantageous option for their specific needs.
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Tips for Best Exchange Rates
Securing the most advantageous exchange rates requires a strategic approach, especially for converting currencies like the Korean Won to the Indian Rupee. To navigate this effectively, understanding current market dynamics is essential. As of now, the exchange rate is 1 KRW = 0.05806 INR, with varying fluctuations seen over the last 30 to 90 days. These fluctuations highlight the importance of timing when deciding to exchange currencies.
Choosing the appropriate forex service can greatly impact the final rate you receive. Opting for platforms that offer zero forex mark-up and no hidden charges is advantageous. These platforms often provide additional benefits such as cashback offers and the convenience of digital order placements and home delivery.
Monitoring live conversion rates and setting up rate alerts can also enable you to act swiftly when favorable rates appear. Utilizing multicurrency forex cards simplifies the conversion process, allowing for seamless transfer from Won to INR. In addition, thorough rate analysis, potentially through daily summaries, can equip you with informed perspectives on upcoming market trends, ensuring decisions are made based on accurate data. This strategic planning ultimately aids in securing ideal exchange rates.
Common Errors to Avoid
Charting the complexities of currency exchange requires careful attention to detail, as common errors can greatly impact financial outcomes. Avoiding pitfalls in the KRW to INR conversion process is essential for both traders and individuals managing cross-border transactions. To aid in this endeavor, understanding frequently made mistakes can be invaluable.
- Exchange Rate Misunderstandings: Utilizing outdated, incorrect, or unreliable sources for exchange rates can result in costly miscalculations. Ensuring real-time updates can minimize risks associated with rate fluctuations and unforeseen transaction fees.
- Inaccurate Conversion Calculations: Misinterpretations in conversion rates due to inconsistent decimal placement or incorrect rounding adversely affect the accuracy of financial outcomes. Precision in calculations is vital to achieve correct results.
- Currency Symbol Confusion: Errors such as using incorrect currency symbols, misplacement of decimal points, or neglecting ISO codes like KRW can lead to significant misunderstandings.
- Lack of Historical Context: Ignoring historical exchange rates and market trends undermines the ability to predict rate fluctuations accurately. A thorough understanding of economic indicators and consistent monitoring of rate changes are imperative for informed decision-making.
Planning Your Transactions
In planning your currency exchanges, understanding the dynamics of KRW to INR rates is fundamental to optimizing financial outcomes. The KRW to INR exchange rate demonstrates daily fluctuations, with the current rate hovering around 1 KRW = 0.05806 INR. Utilizing tools such as those offered by Wise, you can monitor these shifts and set alerts for favorable exchange rates, greatly impacting the cost-effectiveness of your transactions. Historical data spanning 30 to 90 days can guide predictions, aiding in strategic timing for conversions.
Conversion tools play a pivotal role in planning. Choose platforms like MakeMyTrip for live rate updates and home delivery of forex. Alternatively, Wise delivers mid-market rates without hidden fees, unlike conventional banks or airports, which may impose additional costs. Forex cards offer ease of use across multiple currencies, allowing seamless access through ATM withdrawals.
Efficient currency conversion is primarily about maximizing savings, with online platforms potentially reducing costs by up to 5%. By carefully selecting providers offering transparent, competitive rates, and utilizing timely strategies, you can guarantee favorable outcomes in KRW to INR transactions, enhancing both personal and trading-related financial activities.
Conclusion
The KRW to INR currency exchange landscape requires a nuanced understanding of economic factors and market trends to optimize trading strategies and transaction costs. By utilizing platforms like RoboForex and Wise, traders and individuals can effectively navigate these fluctuations. Awareness of historical exchange rates, conversion methods, and common pitfalls enhances decision-making capabilities. Overall, through strategic analysis and leveraging available tools, individuals can maximize their potential in trading the KRW to INR pair, achieving efficient and cost-effective exchanges.
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