KRW 1000 = IDR 11266.16
Convert1 KRW = 11.26616 IDR | 1 IDR = 0.08876 KRW
Last Updated Feb 14, 5:30 ISTOur converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.
KRW to IDR Exchange Rate Chart
1 KRW = 11.26616 IDR
The exchange value of 1000 KRW in Indonesian Rupiah is 11266.160 IDR as on Feb 14.
You can check the exchange rate of 1000 South Korean Won to Indonesian Rupiah by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 1000 KRW to IDR online is as follows:.
There are several online ways to convert KRW to IDR.
Most banks in India allow KRW to IDR conversion through their internet banking or mobile apps.
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Apps like Wise, PayPal, and Western Union allow KRW to IDR conversion quickly.
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A Forex card is a prepaid card that holds multiple currencies, including KRW.
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Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
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There are several offline methods to exchange KRW to IDR. Let‘s explore them.
1. Banks
Banks offer currency exchange services at competitive rates. You need to visit a branch with your KRW cash and exchange it for IDR.
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Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline KRW to IDR conversion.
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Airports have forex counters where travelers can exchange KRW to IDR.
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Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange KRW to IDR at a Hotel or Travel Agency:
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In busy markets and tourist spots, you may find local money changers who exchange KRW for IDR
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Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
---|---|
Passport | All exchanges (mandatory for foreigners) |
Always carry a valid ID when exchanging currency.
Method | Exchange Rate | Transfer Fee | Availability | Speed |
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Bank Transfer | Low | Low | Limited hours | 1-3 days |
Any Third Party App | High | Low | 24/7 | Instant/Few minutes |
Forex Card | Medium | Low | 24/7 | Instant |
Crypto Exchange | High | Low | 24/7 | Few minutes |
Exchange Centers | Good | Medium | Widely available | Few minutes |
Airport Counters | High | High | 24/7 at airports | Few minutes |
Hotels/Agencies | Very High | Medium | Only for guests | Few minutes |
Local Money Changers | Varies | Low | Risky but quick | Few minutes |
Converting South Korean Won (KRW) to Indonesian Rupiah (IDR) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:
KRW is a strong and widely traded currency. If the exchange rate is favorable, converting KRW to IDR can give you more value for your money.
Since 1 KRW equals a significantly higher amount in IDR, converting KRW to IDR increases your purchasing power, allowing you to afford more goods and services in Indonesia.
If you‘re an NRI, tourist, or returning from the Korea (South), converting KRW to IDR ensures you have local currency for daily expenses, shopping, and travel within Indonesia.
Converting KRW to IDR can help you invest in Indonesia assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Korea (South) markets.
Using a direct KRW to IDR conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.
For businesses involved in international trade, converting KRW to IDR at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.
By choosing the right conversion method and timing, you can maximize the benefits of KRW to IDR exchange.
Source of the rates:apilayer.com