Convert New Zealand Dollar to South Korean Won
NZD to KRW Exchange Rate Calculator
1 New Zealand Dollar (NZD) = 898.3300 South Korean Won (KRW) at the live mid-market rate. That means $100 NZD converts to roughly 89,833.00 KRW, and $1,000 NZD converts to about 898,330.00 KRW. The NZD/KRW rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day NZD/KRW context
Over the past 90 days, NZD/KRW has traded between 853.8800 and 899.8500. The current rate of 898.3300 sits roughly 97% through that range — near the upper end, meaning South Korean Won has been weaker than typical against New Zealand Dollar recently. Versus the rate 90 days ago, New Zealand Dollar has strengthened by 3.07% against South Korean Won.
NZD/KRW Price History
Interactive NZD/KRW exchange rate chart with 7-day, 30-day, and 90-day views.
About New Zealand Dollar (NZD)
The New Zealand Dollar (NZD) is the official currency of New Zealand, Niue, the Cook Islands, and Tokelau. Nicknamed the "Kiwi" after the national bird on the NZ$1 coin, it is a commodity currency heavily tied to dairy exports — New Zealand is the world's largest dairy exporter by value.
- •New Zealand is the world's largest dairy product exporter
- •Reserve Bank of New Zealand (RBNZ) was the first central bank to adopt a formal inflation target (1990)
- •NZD/USD is nicknamed "Kiwi"; AUD/NZD is "Bird" among traders
- •China is New Zealand's largest trading partner
- •Fonterra's GlobalDairyTrade auctions (fortnightly) move NZD reliably
About South Korean Won (KRW)
The South Korean Won (KRW) is the official currency of South Korea, managed by the Bank of Korea. KRW reflects one of Asia's most export-oriented, technology-driven economies — semiconductor cycles (Samsung, SK Hynix) and global risk appetite are the dominant drivers.
- •South Korea is the world's 10th-largest economy by nominal GDP
- •Bank of Korea targets 2% CPI inflation
- •KRW is not deliverable offshore — trades mainly through NDF (non-deliverable forward) markets
- •Samsung and SK Hynix alone account for a large share of Korean exports
- •South Korea holds the world's ninth-largest FX reserves
Frequently Asked Questions
When is NZD/KRW most liquid?
Liquidity is deepest during the Tokyo and Hong Kong sessions (00:00–08:00 UTC) when KRW markets are open. Spreads widen noticeably during the New York afternoon and Asian public holidays.
What is a typical daily range for NZD/KRW?
Daily ranges vary with volatility regimes. Majors like EUR/USD typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move NZD/KRW the most?
The biggest scheduled catalysts are RBNZ decisions and fortnightly GlobalDairyTrade auctions and Bank of Korea decisions and Korean semiconductor export data. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert NZD to KRW at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market NZD/KRW than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the NZD/KRW rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market NZD/KRW rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
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Glossary
- Pip (Forex)A pip ("percentage in point") is the smallest standard price increment for a currency pair…
- Spread (Forex)The spread is the difference between the buy (ask) price and the sell (bid) price of a cur…
- Safe-Haven CurrencyA safe-haven currency is one that investors buy during periods of global financial stress,…
Rate history
- USD/KRW historyUSD/KRW is one of Asia's most-traded emerging-market currency pairs — heavily linked to Korean technology exports (Samsung, SK Hynix, Hyundai), semiconductor cycles, and global risk sentiment
- NZD/USD historyNZD/USD ("Kiwi" in forex slang) is the second of the major commodity-currency pairs after AUD/USD — heavily linked to global dairy prices, Chinese consumer demand, and global risk sentiment
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Exchange rates refresh hourly · Sourced from institutional-grade data providers