USD to KRW mid-rate = 1121.685
Right now the USD/KRW market mid-rate is 1121.685 and represents ideally how many South Korean Won you can get for one United States Dollar.
This USD/KRW Converter calculates equivalent United States Dollar to South Korean Won amounts at the market mid-rate:
USD / KRW mid-rate converter
United States Dollar
South Korean Won
|1 USD||1,121.69 KRW|
|5 USD||5,608.43 KRW|
|10 USD||11,216.85 KRW|
|20 USD||22,433.70 KRW|
|50 USD||56,084.25 KRW|
|100 USD||112,168.50 KRW|
|250 USD||280,421.25 KRW|
|500 USD||560,842.50 KRW|
|1,000 USD||1,121,685.00 KRW|
|2,000 USD||2,243,370.00 KRW|
|5,000 USD||5,608,425.00 KRW|
|10,000 USD||11,216,850.00 KRW|
|50,000 USD||56,084,250.00 KRW|
|100,000 USD||112,168,500.00 KRW|
United States Dollar
South Korean Won
|0.0009 USD||1 KRW|
|0.0045 USD||5 KRW|
|0.0089 USD||10 KRW|
|0.0178 USD||20 KRW|
|0.0446 USD||50 KRW|
|0.0892 USD||100 KRW|
|0.2230 USD||250 KRW|
|0.4460 USD||500 KRW|
|0.8920 USD||1,000 KRW|
|1.7840 USD||2,000 KRW|
|4.4600 USD||5,000 KRW|
|8.9200 USD||10,000 KRW|
|44.60 USD||50,000 KRW|
|89.20 USD||100,000 KRW|
|KRW Country Guides|
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.
|19 Feb 2019||1125.3000||Latest|
|12 Feb 2019||1121.3400||1 Week||+0.35%|
|20 Jan 2019||1126.7615||1 Month||-0.13%|
|23 Aug 2018||1127.0000||6 Months||-0.15%|
|19 Feb 2018||1067.6600||1 Year||+5.4%|
|19 Feb 2017||1150.6000||2 Years||-2.2%|
|20 Feb 2014||1070.2800||5 Years||+5.14%|
|21 Feb 2009||1485.8916||10 Years||-24.27%|
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.
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
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
26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.
In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.
“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.
Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”
January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.
South Korean Won (KRW) - Market news and forecasts
28-January-19: 2018 was a mixed year for the South Korean won: it lost 4.4 percent of its value against the US dollar, gained roughly 6 percent against the Australian dollar and barely changed at all relative to the euro.
The won is a peculiar currency, preferring to trade in ranges. Since last summer the won has been contained, for the most part, between 1110 and 1140 to the dollar. The current range developed after June’s violent break from a previous range that existed between 1060 and 1085 in the first half of 2018. That range, too, preceded a sharp break from yet another range that developed in 2017.
Any intensification in US-China trade tensions could weigh heavily on the won in 2019. 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. A slower pace of US interest rate hikes (as was projected by the Fed itself in December) would be won supporting.