USD to KRW mid-rate = 1131.2
Right now the USD/KRW market mid-rate is 1131.2 and represents ideally how many South Korean Won you can get for one United States Dollar.
You can calculate equivalent United States Dollar to South Korean Won currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for USD to KRW transfers or buying KRW travel money.
USD / KRW Converter
1131.2 South Korean Won
Compare how much you can save on
USD/KRW exchange rates for:
| KRW Country Guides |
|---|
 South Korea |
United States Dollar to South Korean Won (USD-KRW) - 10 Year History
The below table shows the historic variation in the USD/KRW exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 16 Dec 2018 | 1132.6897 | Latest | |
| 09 Dec 2018 | 1123.8000 | 1 Week | +0.79% |
| 16 Nov 2018 | 1121.5000 | 1 Month | +1% |
| 19 Jun 2018 | 1112.3400 | 6 Months | +1.83% |
| 16 Dec 2017 | 1089.1250 | 1 Year | +4% |
| 16 Dec 2016 | 1183.8566 | 2 Years | -4.32% |
| 17 Dec 2013 | 1051.6467 | 5 Years | +7.71% |
| 18 Dec 2008 | 1287.1836 | 10 Years | -12% |
Best Rates for USD/KRW Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
Why can't I just get the USD/KRW market rate I see on Google or in the Media?
The USD/KRW mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / KRW was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however 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.
The closer your final exchange rate is to the market USD/KRW midrate the better deal you are getting.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
The three things you need in order to get a good USD to KRW exchange rate
- Know the latest USD/KRW market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency news and forecasts for United States Dollar and South Korean Won
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the USD vs KRW, you should pay attention to both United States Dollar and South Korean Won news and forecasts.
United States Dollar (USD) - Market news and forecasts
14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.
The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.
Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.
The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.
For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.
Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.
South Korean Won (KRW) - Market news and forecasts
26-November-18: The South Korean won likes to trade in ranges. Since July it has been contained, for the most part, between 1110 and 1140 to the dollar. The current range developed after June’s violent break from the previous range that existed between 1060 and 1085 in the first half of the year, and that range preceded a sharp break from yet another range that developed in 2017.
At the time of writing, the won had bettered many Asian currencies with a year-to-date loss of only 5.6 percent versus the dollar (unchanged against the euro). While this appears favourable for the won, it puts the currency at risk of underperforming in the coming half-year.
HSBC said in October that any intensification in US-China trade tensions could weigh heavily on the won. Trade tensions act to reduce the risk appetite of investors and to lower expectations for Chinese economic growth, which greatly affects the broader Asia-Pac region.
