1,000 South African Rand =
93,670 South Korean Won
today's official exchange rate from the European Central Bank.
Daily ECB reference rates over the last 90 days. Updates skip weekends and ECB holidays.
| ZAR | KRW |
|---|---|
| 1 ZAR | 93.67 KRW |
| 5 ZAR | 468.35 KRW |
| 10 ZAR | 936.7 KRW |
| 25 ZAR | 2,341.75 KRW |
| 50 ZAR | 4,683.5 KRW |
| 100 ZAR | 9,367 KRW |
| 500 ZAR | 46,835 KRW |
| 1,000 ZAR | 93,670 KRW |
| 5,000 ZAR | 468,350 KRW |
| 10,000 ZAR | 936,700 KRW |
The South African Rand (symbol: R; code: ZAR) is the official currency of South Africa, issued by the South African Reserve Bank. Each rand is divided into 100 cents. The rand is the dominant currency of the Southern African Common Monetary Area and is heavily influenced by global commodity prices, particularly gold and platinum, of which South Africa is a leading producer.
The South Korean Won (symbol: ₩; code: KRW) is the official currency of South Korea, issued by the Bank of Korea. One of Asia's most actively traded currencies, the won is heavily influenced by South Korea's export-driven economy, particularly in semiconductors, automobiles, and shipbuilding.
This conversion uses the European Central Bank reference rate, which is published once per business day at around 16:00 CET (Frankfurt time). The ECB calculates these rates from interbank market quotes provided by major banks. Reference rates are intended for information and statistical purposes — they are not commercial rates at which currencies can actually be bought or sold.
No. The ECB reference rate is a benchmark used by economists, regulators, and accountants — not a retail rate. Banks, currency exchange services, and credit cards typically add a markup of 1 to 4 percent on top of the reference rate, plus possible fixed transaction fees. To know the actual rate you would pay, check directly with your bank or money transfer service before exchanging.
The European Central Bank updates exchange rates once per business day, around 16:00 CET. Rates are not updated on weekends or eurozone bank holidays — during these periods the most recent business-day rate remains in effect. We refresh our cached rate every six hours to balance accuracy with performance.
Exchange rates fluctuate based on many factors, including interest rate decisions by the South African Reserve Bank and the Bank of Korea, inflation differences between South Africa and South Korea, trade balances, capital flows, and geopolitical events affecting market sentiment. Even small differences in expected economic conditions can move rates significantly over short periods.
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