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USD to KRW - Compare Exchange Rates

United States Dollar to South Korean Won - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

USD to KRW interbank exchange rate = 1136.58

Right now the USD/KRW interbank exchange rate is 1136.58. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert South Korean Won to United States Dollar.

This USD/KRW Converter calculates equivalent United States Dollar to South Korean Won amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

USD / KRW converter & margin calculator


$USD
₩KRW
Mid-rates:
 

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USD/KRW exchange rates for:

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United States Dollar

South Korean Won

1 USD 1,136.58 KRW
5 USD 5,682.90 KRW
10 USD 11,365.80 KRW
20 USD 22,731.60 KRW
50 USD 56,829.00 KRW
100 USD 113,658.00 KRW
250 USD 284,145.00 KRW
500 USD 568,290.00 KRW
1,000 USD 1,136,580.00 KRW
2,000 USD 2,273,160.00 KRW
5,000 USD 5,682,900.00 KRW
10,000 USD 11,365,800.00 KRW
50,000 USD 56,829,000.00 KRW
100,000 USD 113,658,000.00 KRW
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United States Dollar

South Korean Won

0.0009 USD 1 KRW
0.0044 USD 5 KRW
0.0088 USD 10 KRW
0.0176 USD 20 KRW
0.0440 USD 50 KRW
0.0880 USD 100 KRW
0.2200 USD 250 KRW
0.4400 USD 500 KRW
0.8800 USD 1,000 KRW
1.7600 USD 2,000 KRW
4.4000 USD 5,000 KRW
8.8000 USD 10,000 KRW
44.00 USD 50,000 KRW
88.00 USD 100,000 KRW
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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.

DateExchange RatePeriodChange
20 Apr 20191136.5800Latest
13 Apr 20191134.69741 Week+0.17%
21 Mar 20191128.65041 Month+0.7%
22 Oct 20181132.23006 Months+0.38%
20 Apr 20181069.35001 Year+6.29%
20 Apr 20171138.11002 Years-0.13%
21 Apr 20141038.71835 Years+9.42%
22 Apr 20091347.817810 Years-15.67%

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

  1. 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.
  2. 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.
  3. 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

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

South Korean Won (KRW) - Market news and forecasts

The South Korean won has been the worst-performing Asian currency in 2019.

At the time of writing, while most emerging Asian currencies were showing year-to-date gains against the dollar, the won had lost 1.8 percent, with weakness driven by falling exports and an alarming drop in South Korean inflation, which themselves drove expectations for an interest rate cut by the Bank of Korea, even though the BoK said in March that policy easing was not yet warranted.

In early April, at 1134 to the dollar, the won was trading near the weaker boundary of its trading range, which existed between 1110 and 1140 (this having contained most price action in the July-18 to April-19 period).

In April, TradingEconomics.com predicted that USD/KRW would rise to 1164 by April 2020. That's a level last seen in January 2017.