LocalExchangeRates.com

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

Date generated:

Mid-Market Rate: 1 KRW = 1299.4098 IRR

Real-Time Interbank Wholesale Feed: October 6, 2026

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

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 KRW in IRR?

1 KRW = 1299.4098 IRR

At the current mid-market wholesale exchange rate, converting 1,000 South Korean Won (KRW) yields approximately 1,299,409.83 Iranian Rial (IRR) (inverse rate: 1 IRR = 0.0008 KRW). 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): KRW

You Receive (Estimate): IRR

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

Kurs rynkowy: 1 KRW = 1299.4098 IRR

Kurs odwrotny: 1 IRR = 0.0008 KRW

Status danych: Live Data (Redis)

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

KRW to IRR Real-Time & Historical Rate Chart

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

Period High

1315.0028 IRR

Period Low

1283.8169 IRR

Volatility / Avg

1299.4098 IRR

Mid-Market Trend

+0.25%

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

Min: 1283.8169 IRR

Max: 1315.0028 IRR

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

Min: 1253.9305 IRR

Max: 1344.8892 IRR

Standard Denomination Conversion Matrix (KRW & IRR)

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

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

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

Provider / Channel	KRW/IRR Effective Exchange Rate	Estimated Fee	Estimated Received (IRR)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	1299.4098 IRR	0.00%	6,497,049.16 IRR	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	1,253.9305 IRR	~3.50%	6,269,652.44 IRR	-227,396.72 IRR
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	1,169.4688 IRR	~10.00%	5,847,344.24 IRR	-649,704.92 IRR

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

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

🌏 International Transfers & Travel (South Korea ↔ Iran)

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 Bank of Korea (BoK) and Central Bank of Iran (CBI) shape the medium-to-long term valuation of KRW/IRR.

KRW and IRR Currency Profiles

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

How the KRW to IRR Exchange Rate Works

Foreign exchange transactions between South Korea (KRW) and Iran (IRR) 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 KRW and IRR:

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 Bank of Korea (BoK) and Central Bank of Iran (CBI) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between South Korea and Iran 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 (IRR) 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: South Korean Won to Iranian Rial Conversion

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

How much is 1,000 KRW in IRR today?

At the current mid-market exchange rate (1 KRW = 1299.4098 IRR), 1,000 South Korean Won equals approximately 1,299,409.83 Iranian Rial. 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 South Korean Won?

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 KRW?

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 (Bank of Korea (BoK)) 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.