This page helps UK travellers and remitters convert British pounds to South Korean won. The live converter above shows the latest mid-market rate. Use it to budget for Seoul trips or K-culture spending. South Korean won is the legal tender in South Korea.
- Mid-market vs retail: The live converter gives the wholesale mid-market rate; retail spreads of 2–5% are typical at banks, bureaux de change, or online services.
- What moves it: Interest-rate differentials, trade balances, commodity prices, and risk appetite drive the pound-won rate over time.
- Cards vs cash: Credit or debit cards are widely accepted in South Korea, but check for non-sterling transaction fees; cash is useful for smaller merchants and markets.
- Data source: European Central Bank reference rates via Frankfurter — a mid-market benchmark, not a retail quote
What drives the KRW/GBP relationship
The won’s value against the pound is shaped by South Korea’s export-heavy economy, Bank of Korea interest-rate decisions, and global risk sentiment. UK inflation and Bank of England policy also play a role, as do trade flows between the two countries. Structural factors such as commodity prices and geopolitical tensions in East Asia add further volatility.
Practical guidance for converting
For the best deal, use the mid-market rate shown above as a reference. Retail providers add a spread of around 2–5%. Cards often charge a foreign-exchange fee, while withdrawing cash from ATMs in South Korea can be cost-effective if your bank waives fees. Compare total costs before exchanging.
Common questions
Answers below use live mid-market data (European Central Bank reference rates) — last refreshed 8 Aug 2026, 07:01 UTC (auto-updates every 15 minutes).
What is the current GBP to KRW exchange rate?
As of the latest reference on 7 August 2026, 1 GBP = 1904.3900 KRW at the mid-market rate.
What is 100 KRW in GBP?
At the current mid-market rate (7 August 2026), 100 KRW ≈ 0.05 GBP before fees. Use the converter above for other amounts.
What is 100 GBP in KRW?
At the current mid-market rate (7 August 2026), 100 GBP ≈ 190,439.00 KRW before fees.
What was the 6-day high and low for GBP/KRW?
Over the last 6 ECB reference days, GBP/KRW ranged from 1904.3900 to 1937.5200 — a net change of -1.71% over the period.
Why does British pound move against South Korean won?
GBP/KRW reflects relative interest rates, inflation expectations, trade balances and global demand for reserve currencies. Major moves often follow central-bank policy announcements. We publish live reference data only — not forecasts.
Is this rate the same as the Post Office or my bank?
No. High-street providers and card issuers quote retail rates with margins. Compare their buy/sell spread against the mid-market reference on this page before travelling or sending money.
Related searches
Sources & standards
Exchange-rate data on this page is fetched from primary sources and refreshed automatically. This is general information, not personal financial advice.
- Bank of England — UK monetary policy and sterling data
- European Central Bank — daily reference exchange rates
- Frankfurter API documentation — data feed used for live rates
- FCA consumer guidance — money transfers and travel money
See our Editorial Policy and Sources & Standards. Corrections: corrections@morningtimes.uk.