Convert Canadian Dollar to Korean Won
Convert Canadian dollars to Korean won at the live mid-market rate (Korea Eximbank base rate), and see how it differs from what a bank or card really charges when you budget for a trip, tuition, or a move to Canada.
🔒 Unit conversions are computed in your browser (exchange rates via public API only).
What moves the loonie against the won
The Canadian dollar is nicknamed the 'loonie' after the loon bird on the C$1 coin, and it's a classic commodity currency. Canada is a major exporter of crude oil, natural gas, and timber, so the loonie tends to strengthen when oil and raw-material prices rise and soften when they fall. Layer on the gap between Bank of Canada and Bank of Korea policy rates, plus Canada's tight economic links to the United States, and CAD/KRW ends up moving on several forces at once — often weaker when the US dollar is broadly strong, which also pressures the won. As with any pair here, a 'rising exchange rate' means fewer, well, more won per Canadian dollar and a weaker won overall.
Reading the number: won per Canadian dollar
Like the US dollar, the Canadian dollar is quoted per single dollar — so many won to one CAD — with no dividing by 100 the way you would for the Japanese yen. In recent years one Canadian dollar has traded roughly between 950 and 1,000 won; for easy math, assume 1 CAD = 1,000 won. At that rate a C$1,200 student share-house rent in Vancouver is 1,200 × 1,000 = 1,200,000 won, and a C$5 Tim Hortons coffee is about 5,000 won. Going the other way, a 3,000,000-won travel budget is 3,000,000 ÷ 1,000 = C$3,000. Multiply to price things in won, divide to turn a won budget into loonies.
Travel, study, immigration: mid-market vs. real rates
This tool reads the latest base rate (mid-market rate) published by the Korea Export-Import Bank (Korea Eximbank). Because a mid-market rate sits exactly between the buy and sell prices, it excludes any spread or fee, so the real cost runs a little higher. Take the GIC of roughly C$20,000 that Canadian study applicants often set aside as proof of funds: that's about 20,000,000 won at the mid-market rate, but a bank wire adds a telegraphic-transfer spread — and the same goes for Express Entry settlement funds or a tuition payment. On a trip, card purchases add roughly a 1% network fee on top of the Visa or Mastercard rate. Use this figure as the baseline for a travel, study, or immigration budget, and confirm the final amount at the rate your bank or card quotes.
Frequently asked questions
Is this the rate my bank will actually give me?
No. The tool shows the mid-market rate, with no spread or fee. A bank applies a telegraphic-transfer or cash-selling rate that adds its own margin, and Canadian-dollar cash exchange in Korea often carries a wider spread than USD or yen because it's handled in smaller volumes. So buying loonies in practice costs a bit more won than the figure shown here.
Can I plan my Canadian tuition or immigration funds from this rate?
It's fine for a rough estimate. But for large sums like a GIC or Express Entry proof of funds, an actual wire adds a bank spread and transfer fee, so it costs more than the on-screen figure. The rate also drifts daily: C$20,000 is 20,000,000 won at 1,000 won per dollar, but 21,000,000 won at 1,050 — a difference of about a million won. Re-check that day's rate in the converter above right before you send money.
How often does the rate update?
The Korea Export-Import Bank (Korea Eximbank) publishes its base rate once per business day, around 11 a.m. Korean time, so on weekends and holidays the last business-day value stays in place, with the reference date shown on screen. If you need second-by-second trading quotes, you'd want a dedicated market-data feed instead.