What Is the KRW to INR Rate Today?

Stripe gives the highest INR on KRW 6,700,000 today among the platforms with full published pricing for KRW. The table ranks those platforms by INR received, then lists other platforms that accept KRW, which are never ranked. Fees were checked on 30 Sept 2026.

Korean clients can pay Indian exporters by SWIFT transfer, in won or US dollars. The Bank of Korea describes the won as not yet internationalized, so a won payment may not suit every client. Korea is outside the Asian Clearing Union, so RBI rules allow receipt in any foreign currency. Check with your AD bank before invoicing in won.

Over the last year the KRW to INR reference rate ranged from ₹0.06037 to ₹0.07226. The chart uses European Central Bank reference rates, one point per ECB working day.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹0.07047 for 3 Nov 2026.

The Bank of Korea notes that Korea's basic won rates against currencies other than the dollar are derived from US dollar rates, and Indian banks may price KRW/INR the same way, combining two margins. RBI's risk management directions list no KRW-INR exchange-traded contracts, so there is no public INR futures price to compare against.

Say a bank converts KRW 6,700,000 at a TT buying rate 1.5% below the mid-market rate of ₹0.07047. It credits about ₹4,65,047 instead of ₹4,72,129, a difference of ₹7,082 before any fees. The 1.5% is an illustration, not a quote from any bank.

Search engines show the mid-market rate, the midpoint between buying and selling prices. A card rate is a bank's own rate for card transactions, and a TT buying rate is the rate a bank pays when it buys foreign currency received by wire. Both sit below the mid-market rate.

The South Korean won has had a free-floating exchange rate since December 1997, when Korea abolished daily fluctuation limits on the interbank rate. Customer rates are set by each foreign exchange bank with reference to the interbank spot rate. The Bank of Korea sets monetary policy through its Base Rate and publishes quarterly FX market stabilization measure releases.

• Interest rates: The Bank of Korea steers the overnight call rate around its Base Rate. A cut or rise relative to RBI's repo rate changes the rate gap that drives KRW/INR.
• Trade balance: Export earnings bring dollars into Korea. Shifts in global demand for Korean goods change those inflows and, with them, the won's value.
• Market operations: The Bank of Korea publishes quarterly FX market stabilization measure releases. Official operations in the USD/KRW market can affect the won and, through it, KRW/INR.
• Risk sentiment: The Bank of Korea notes the won is mainly traded in NDF markets abroad, so global risk appetite and foreign investor flows can move it quickly in both directions.
• USD/INR: KRW/INR is often built from USD/KRW and USD/INR, so a move in the rupee against the dollar can show up in KRW/INR even if the won is steady.

Indian exporters receiving KRW can convert at spot, request a bank forward, set a target-rate order or hold won in an EEFC account. Spot is the common route because not every AD bank quotes KRW/INR forwards and no exchange-traded KRW-INR contract exists in India. Holding KRW in EEFC delays conversion only until the end of the following month.

• Spot: Your AD bank converts the won at its current rate when the payment is credited. This is the usual choice for KRW receipts.
• Forward: RBI's Master Direction on Risk Management and Inter-Bank Dealings lets AD banks offer forwards involving INR to retail users for hedging. Users can hedge contracted exposure up to USD 100 million equivalent across all AD banks without establishing the underlying, though a valid unhedged exposure must exist, and may freely cancel and rebook. KRW/INR forwards may not be quoted by every AD bank; check with your AD bank, or invoice in USD and hedge USD/INR.
• Limit order: Some AD banks accept an order to convert at a target rate. Check with your AD bank whether it covers KRW.
• EEFC holding: RBI's Master Direction on Deposits and Accounts lets you credit 100% of foreign exchange earnings to an EEFC account. The account pays no interest. Each month's accruals must be converted to rupees by the end of the next month, after adjusting for approved uses or forward commitments.

• Invoice currency: Korean payers can often send US dollars. Invoicing in USD avoids a KRW/INR cross conversion on your side.
• Compare mid-market: Check your AD bank's KRW/INR rate against the live mid-market rate on this page at conversion. The gap is the bank's margin.
• Ask how it is priced: Ask your AD bank whether it quotes KRW/INR through USD. A cross quote can include two margins.
• Batch receipts: If you hold won in an EEFC account, converting several receipts together may earn a better quote than small conversions.

Compare platforms side by side on the compare page, or check every currency on the currency convertor.

• Feed: European Central Bank reference rates (via frankfurter.dev), published once per ECB working day, around 16:00 CET. The page refreshes at most hourly.
• Markup: Markup is the gap between a platform's rate and the mid-market rate, taken from each platform's own published pricing. GST of 18% applies to fees where the platform says so.
• Stale data: If the feed fails, the page shows no rate and pauses the calculator rather than showing an old rate as current.
• Method: The full formula is on the methodology page.

Rates come from European Central Bank reference rates (via frankfurter.dev), dated 3 Nov 2026. Platform pricing was checked on each platform's own pages on 30 Sept 2026 or later. Currency facts are linked to official sources below.

1. European Central Bank reference rates (via frankfurter.dev) (checked 3 Nov 2026)
2. RBI Master Direction - Deposits and Accounts (updated September 02, 2026), para 3.1 EEFC Account, Para 3.1: 100 percent of foreign exchange earnings may be credited; non-interest bearing account; the sum total of accruals during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month after adjusting for utilization for approved purposes or forward commitments. (checked 8 Oct 2026)
3. RBI Master Direction - Risk Management and Inter-Bank Dealings (updated October 01, 2026), Para 2.2(ii): forwards may be offered to retail users; para 2.3(ii): deliverable derivatives involving INR for hedging; para 2.4(i): users may hedge contracted exposure up to USD 100 million equivalent across all ADs without establishing the underlying, but a valid unhedged exposure must exist; users may freely cancel and rebook. Section 3.2: exchange traded pairs are USD-INR, EUR-INR, GBP-INR, JPY-INR, EUR-USD, GBP-USD and USD-JPY. (checked 8 Oct 2026)
4. Bank of Korea: Exchange Rate System, In December 1997 the daily fluctuation limits for the interbank exchange rate were abolished and Korea shifted to a free-floating system; customer rates are decided independently by each foreign exchange bank with reference to the interbank spot rate; basic won rates against currencies other than USD are arrived at by arbitrating between USD rates in international markets and the basic KRW/USD rate; the basic rate is the volume-weighted average of the previous business day's interbank trades through brokers and is used as a reference for taxation, accounting and statistics; quarterly FX market stabilization measure releases are listed. (checked 8 Oct 2026)
5. Bank of Korea: Instruments in the Market, Currencies that have not yet been internationalized, like the Korean won, are mainly traded in the NDF markets. (checked 8 Oct 2026)
6. Bank of Korea: Monetary Policy Instruments, The Bank of Korea carries out open market operations mainly to steer the overnight call rate around the Base Rate. (checked 8 Oct 2026)
7. RBI: Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 (amended up to February 12, 2025), Reg 3(2)(I)(a)(iii): receipt/payment for exports to countries other than member countries of ACU may be made in Indian Rupees or in any foreign currency. (checked 8 Oct 2026)
8. RBI A.P. (DIR Series) Circular No. 84 (2012), FETERS purpose codes for receipts, Annexure II lists receipt purpose codes for reporting forex transactions, e.g. P0802 Software consultancy/implementation. (checked 8 Oct 2026)