LocalExchangeRates.com

Official Rate Sheet: Iranian Rial (IRR) / South Korean Won (KRW)

Date generated:

Mid-Market Rate: 1 IRR = 0.0008 KRW

Real-Time Interbank Wholesale Feed: October 6, 2026

Iranian Rial to South Korean Won Exchange Rate (IRR to KRW)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 IRR in KRW?

1 IRR = 0.0008 KRW

At the current mid-market wholesale exchange rate, converting 1,000 Iranian Rial (IRR) yields approximately 0.77 South Korean Won (KRW) (inverse rate: 1 KRW = 1299.4098 IRR). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): IRR

You Receive (Estimate): KRW

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 IRR = 0.0008 KRW

Kurs odwrotny: 1 KRW = 1299.4098 IRR

Status danych: Live Data (Redis)

Looking for reverse calculation? Check KRW to IRR (South Korean Won to Iranian Rial) Live Converter →

IRR to KRW Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Iranian Rial against South Korean Won

Period High

0.0008 KRW

Period Low

0.0008 KRW

Volatility / Avg

0.0008 KRW

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 0.0008 KRW

Max: 0.0008 KRW

52-Week Range (1Y) Current Position: 65% Range

Min: 0.0007 KRW

Max: 0.0008 KRW

Standard Denomination Conversion Matrix (IRR & KRW)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

Iranian Rial → South Korean Won (IRR / KRW)

Wholesale Benchmark

Iranian Rial (IRR)	South Korean Won (KRW)
1 IRR	0.00 KRW
5 IRR	0.00 KRW
10 IRR	0.01 KRW
25 IRR	0.02 KRW
50 IRR	0.04 KRW
100 IRR	0.08 KRW
200 IRR	0.15 KRW
250 IRR	0.19 KRW
500 IRR	0.38 KRW
1,000 IRR	0.77 KRW
2,500 IRR	1.92 KRW
5,000 IRR	3.85 KRW
10,000 IRR	7.70 KRW

South Korean Won → Iranian Rial (KRW / IRR)

Wholesale Benchmark

South Korean Won (KRW)	Iranian Rial (IRR)
1 KRW	1,299.41 IRR
5 KRW	6,497.05 IRR
10 KRW	12,994.10 IRR
25 KRW	32,485.25 IRR
50 KRW	64,970.49 IRR
100 KRW	129,940.98 IRR
200 KRW	259,881.97 IRR
250 KRW	324,852.46 IRR
500 KRW	649,704.92 IRR
1,000 KRW	1,299,409.83 IRR
2,500 KRW	3,248,524.58 IRR
5,000 KRW	6,497,049.16 IRR
10,000 KRW	12,994,098.32 IRR

Provider / Channel	IRR/KRW Effective Exchange Rate	Estimated Fee	Estimated Received (KRW)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0008 KRW	0.00%	3.85 KRW	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0007 KRW	~3.50%	3.71 KRW	-0.13 KRW
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0007 KRW	~10.00%	3.46 KRW	-0.38 KRW

1 IRR to KRW: Iranian Rial to South Korean Won Exchange Guide

Searches for 1 IRR to KRW or convert IRR to KRW describe the amount of South Korean Won received per 1 Iranian Rial. At today's wholesale baseline of 1 IRR = 0.0008 KRW (inverse: 1 KRW = 1299.4098 IRR), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Iran ↔ South Korea)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by Central Bank of Iran (CBI) and Bank of Korea (BoK) shape the medium-to-long term valuation of IRR/KRW.

IRR and KRW Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for Iran and South Korea.

How the IRR to KRW Exchange Rate Works

Foreign exchange transactions between Iran (IRR) and South Korea (KRW) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between IRR and KRW:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by Central Bank of Iran (CBI) and Bank of Korea (BoK) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Iran and South Korea exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (KRW) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: Iranian Rial to South Korean Won Conversion

Common questions regarding Iranian Rial to South Korean Won conversion, bank spreads, and transfer costs.

How much is 1,000 IRR in KRW today?

At the current mid-market exchange rate (1 IRR = 0.0008 KRW), 1,000 Iranian Rial equals approximately 0.77 South Korean Won. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for Iranian Rial?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with IRR?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (Central Bank of Iran (CBI)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.