ZAR/KRW
Market Open
15 Jun, 12:41
₩
93. 32
-0.016289
-0.0175%
₩
895 Volume
₩ 93.336672
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ZARKRW Overview
The ZARKRW currency pair denotes the value of the South African Rand expressed in South Korean Won. It shows how many KRW are required to buy one unit of ZAR and reflects the bilateral movements between the two currencies in the FX market.
The South African Rand (ZAR) is the official currency of the Republic of South Africa and serves as legal tender across the country. The rand is issued and regulated by the South African Reserve Bank and is sensitive to domestic economic data, fiscal policy and commodity price trends.
The South Korean Won (KRW) is the official monetary unit of the Republic of Korea, used for all domestic transactions. Issued by the Bank of Korea, the won is influenced by export performance, industrial activity and the central bank’s monetary policy aimed at maintaining price stability.
The ZARKRW rate is set by market forces of supply and demand and shaped by macroeconomic differentials such as interest rates and inflation. Central bank actions, trade flows, shifts in commodity prices important to South Africa, and geopolitical developments all contribute to the pair’s volatility.
Participants monitor ZARKRW for cross-border trade settlement, hedging currency exposure between South African and Korean counterparties, and for speculative or diversification strategies depending on liquidity and risk appetite.
The South African Rand (ZAR) is the official currency of the Republic of South Africa and serves as legal tender across the country. The rand is issued and regulated by the South African Reserve Bank and is sensitive to domestic economic data, fiscal policy and commodity price trends.
The South Korean Won (KRW) is the official monetary unit of the Republic of Korea, used for all domestic transactions. Issued by the Bank of Korea, the won is influenced by export performance, industrial activity and the central bank’s monetary policy aimed at maintaining price stability.
The ZARKRW rate is set by market forces of supply and demand and shaped by macroeconomic differentials such as interest rates and inflation. Central bank actions, trade flows, shifts in commodity prices important to South Africa, and geopolitical developments all contribute to the pair’s volatility.
Participants monitor ZARKRW for cross-border trade settlement, hedging currency exposure between South African and Korean counterparties, and for speculative or diversification strategies depending on liquidity and risk appetite.
ZARKRW Chart
ZARKRW FAQ
What is the current ZAR/KRW price?
The current rate is ₩93.320383, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the ZAR/KRW rate changed today?
The rate has changed by -0.016289 (-0.0175%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was ₩93.336672, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is ZAR/KRW moving up or down?
Movements in ZAR/KRW are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (-0.0175%) is based on the difference between the current rate and the previous closing rate.
Is ZAR/KRW trending up or down right now?
If the current rate (₩93.320383) is below the previous close (₩93.336672), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for ZAR/KRW directly on this page.
