Analysis of recent dollar → South Korean won forecasts for 2025. We collate forecasts from respected FX analysts together with the latest US dollar to South Korean won performance and trends.
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The best USD to KRW exchange rate is 1357.54 from XE.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to South Korean won (KRW) rates from different sources before making a conversion.
Looking at our comparison table the best USD to KRW exchange rate is 1357.54 from XE. The next best rate is 1356.85 from Wise. Then Western Union with 1343.88.
Among the banks, the Chase Bank rate is -74.1271, the Wells Fargo Bank rate is -82.3215, and the Citibank rate is -19.4979 compared to the mid-rate 1,365.7.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Dollar to South Korean won comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-KRW mid-rate (see Market Data below ) and the possible savings of using various providers.
US dollar (USD) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/KRW | Change | Period |
|---|---|---|---|
09 May 2025 | 1395.89 | 1.5% ▼ | 2 Week |
22 Feb 2025 | 1436.74 | 4.3% ▼ | 3 Month |
23 May 2024 | 1368.66 | 0.5% ▲ | 1 Year |
24 May 2020 | 1240.55 | 10.8% ▲ | 5 Year |
26 May 2015 | 1102.24 | 24.7% ▲ | 10 Year |
28 May 2005 | 1001.30 | 37.3% ▲ | 20 Year |
Here are some popular conversion amounts for USD to KRW (US dollar to South Korean won)*.
*Converted at the current USDKRW interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The USD to KRW exchange rate is currently experiencing significant pressure, with recent forecasts suggesting continued volatility amid trade policy uncertainties and geopolitical tensions. Analysts note that the US dollar (USD) remains on the defensive, as concerns surrounding stalled trade talks and the implications of President Trump’s aggressive tariff strategies weigh heavily on investor sentiment. Recent developments, such as a new trade agreement with the UK, have offered little concrete relief, as key details remain vague and fail to appease broader concerns regarding US trade relations with major partners.
Read our full review of recent USD to KRW forecasts.
There are several ways to save on exchange rates when converting US dollar to South Korean won:
Generally speaking, if you are buying South Korean won with US dollar, then it's better for the USD/KRW exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to South Korea — a practical currency and money guide to travel in South Korea plus living and doing business with the South Korean won.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/KRW to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | South Korea (KRW) |
The cost of living in South Korea is relatively high when compared to other countries in Asia. In terms of transportation, food, and accommodation, South Korea is more expensive than China, Japan, and Thailand. However, it is important to note that the cost of living in South Korea varies depending on the city. Seoul, the capital city, is known for its high cost of living, while smaller cities and rural areas are generally more affordable.
There are no limits when acquiring property but you are required to register your purchase to local authorities within 60 days.
Purchases are subject to 10% VAT and 2% Acquisition fee.
Agents charge fees roughly between 0.4 - 0.9%.
There is a large expat community in South Korea, and many people find the expat life to be enjoyable. There are plenty of things to do and see, and the food is excellent. The cost of living can be high, but it is possible to find affordable housing and transportation.
All foreigners are required to carry their passport at all times. In addition, foreigners are required to register with the local immigration office within 90 days of arrival.
South Korea is a very competitive market, so businesses have to be innovative and offer unique products and services to be successful. There is a lot of competition for consumers' attention and businesses need to stand out to be successful. There is also a lot of regulation in South Korea, so businesses need to be familiar with the relevant laws and regulations.
The economy of South Korea is a highly developed mixed economy dominated by family-owned conglomerates called chaebols. The South Korean economy is the 4th largest in Asia and the 11th largest in the world.
Read more at our South Korea (KRW) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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