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INR to KRW: Indian Rupee to South Korean Won

Live INR to KRW exchange rate today - 1 INR equals 14.3692 KRW, with an instant two-way converter for Indian Rupee to South Korean Won.

Today's INR to KRW Exchange Rate

1 INR = 14.369200 KRW

1 KRW = 0.0696 INR

Updated: September 4, 2026 ยท Source: Frankfurter API (blended central bank reference rates)

Currency Converter

1.00 Indian Rupee =

14.3692 South Korean Won

Last updated: September 4, 2026

This INR to KRW rate is sourced from the Frankfurter exchange rate API, which aggregates reference rates from central banks and financial data providers. Rates on this page are refreshed daily and reflect the mid-market exchange rate (the midpoint between buy and sell prices), rather than the retail rate offered at a bank or currency exchange counter.

Use the calculator above to convert any amount both ways: enter a value in either the INR box or the South Korean Won (KRW) box to see the live conversion instantly.

Related Data

What is INR (Indian Rupee)?

A managed float, not pegged to any other currency - the RBI lets the market set its value but occasionally buys or sells dollars to smooth out sharp swings.

Key Facts

  • ISO code: INR
  • Symbol: โ‚น
  • Subunit: 100 paise = 1 rupee
  • Issued by: Reserve Bank of India (RBI)

What is KRW (South Korean Won)?

A free-floating currency, though the Bank of Korea intervenes at times to smooth excessive volatility, common practice for a major exporting economy.

Key Facts

  • ISO code: KRW
  • Symbol: โ‚ฉ
  • Subunit: 100 jeon (obsolete, no longer in circulation)
  • Issued by: Bank of Korea (BOK)

Why Does the INR/KRW Exchange Rate Change?

The INR/KRW rate moves every trading day, driven mainly by:

  • Bank of Korea interest rate decisions.
  • South Korea's export performance, particularly semiconductors and electronics, a dominant share of its economy.
  • Global risk sentiment - KRW is a heavily traded emerging-Asia currency that reacts quickly to shifts in broader risk appetite.
  • China's economic conditions, a major trading partner and regional economic anchor.
  • India-South Korea trade flows, including significant Korean electronics and automobile exports to India.
  • RBI intervention and rupee-side factors.

Frequently Asked Questions

Is the South Korean Won pegged to the US Dollar?

No, it floats freely, though the Bank of Korea does intervene at times to smooth unusually sharp swings, common practice for a major exporting economy whose currency affects its own export competitiveness.

Why does the semiconductor industry affect the Korean Won?

South Korea is one of the world's largest semiconductor exporters, so global chip demand cycles feed directly into the country's export revenue and, in turn, demand for the won - a boom or slump in chip demand shows up in KRW's value.

Is this the bank rate or forex rate?

It's the mid-market rate, the midpoint between the buy and sell price on the global currency market, with no margin added. Banks, forex counters and card networks add their own markup on top, so the rate you're actually charged when exchanging cash or paying by card abroad will differ, usually by 1 to 4 percent in their favor.

How often is the rate updated?

Once a day, refreshed at 7:00 AM IST from the Frankfurter API.

Where do these rates come from?

Frankfurter (frankfurter.dev), a free exchange-rate API that blends official reference rates from multiple central banks rather than relying on a single source.

Can I use this rate for an actual currency conversion?

Use it as a reference for roughly what you should be getting, not as the exact rate you'll receive. An actual transaction, a bank transfer, cash exchange, or a card payment abroad, goes through your bank or exchange provider's own rate, which includes their margin and any transaction fees.

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