This study investigates the influence of ocean currents on wave modeling and satellite observations using in situ wave measurements from the One Ocean Expedition 2021–2023. In January 2023, six OpenMetBuoy drifters were deployed in the Agulhas Current region. Their high immersion ratio minimized wind effects, allowing them to follow the current and return to the Indian Ocean by the Agulhas retroflection, collecting data for about 2 months. Comparing surface current velocities from both the Mercator model and Globcurrent product with drifter data reveals underestimation for velocities over with Mercator showing greater variability. Significant wave height and Stokes drift parameters from MFWAM and ERA5 were also evaluated against drifters. Both models tend to overestimate Stokes drift more noticeable in ERA5, indicating sensitivity to wind seas. For significant wave height, both models agree well with drifter measurements with correlations of 0.90 for MFWAM and 0.83 for ERA5. However, ERA5's lack of surface current data combined with its coarse resolution (0.5) lead to underestimation of wave heights exceeding 2.5 m. MFWAM products including and excluding currents exhibit root mean square errors of 0.39 and 0.45 m, respectively, when compared to drifter measurements. This confirms that neglecting currents introduces additional errors particularly in areas with sharp current gradients. Analyzing MFWAM wave spectra, including and excluding currents, reveals wave energy transfer attributed to wave‐current interactions. The spatial extent of these interactions is captured by satellite altimeters, revealing wave modulations with considerable wave height variations when waves cross eddies and the current core.