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USD to KRW - Rate Guide

US Dollar to South Korean Won exchange rates aren't all the same.

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

 

1 USD = 1215 KRW

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USD to KRW - Trading Range (90 Day)
4-DAY ▲ 2.2% (1d)90-DAY HIGH (1d)
USD/KRW at 1215.97 was trading 3.4% above the 90-day average 1176.55 with a range 1154.75 to 1219.12. There are no current rate alerts.
25-FEB 5PM-NY 10PM-LON | 26-Feb 9AM-SYD

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Quick Conversions from US Dollar to South Korean Won

USD

KRW

U$ 1
1,215
U$ 5
6,075
U$ 10
12,150
U$ 20
24,300
U$ 50
60,750
U$ 100
121,500
U$ 250
303,750
U$ 500
607,500
U$ 1,000
1,215,000
U$ 2,000
2,430,000
U$ 5,000
6,075,000
U$ 10,000
12,150,000
U$ 50,000
60,750,000
U$ 100,000
121,500,000
More amounts

USD

KRW

U$ 0.0008
1
U$ 0.0041
5
U$ 0.0082
10
U$ 0.0165
20
U$ 0.0412
50
U$ 0.0823
100
U$ 0.2058
250
U$ 0.4115
500
U$ 0.8230
1,000
U$ 1.6460
2,000
U$ 4.1150
5,000
U$ 8.2300
10,000
U$ 41.15
50,000
U$ 82.30
100,000
More amounts

To calculate specific USD/KRW amounts use our Convert USD to KRW quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

Country Guides (USD & KRW)

United StatesUnited States (USD)South KoreaSouth Korea (KRW)East TimorEast Timor (USD)
EcuadorEcuador (USD)El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)
US Virgin IslandsUS Virgin Islands (USD)Caribbean NetherlandsCaribbean Netherlands (USD)Turks and Caicos IslandsTurks and Caicos Islands (USD)
ZimbabweZimbabwe (USD)

USD and KRW in the Markets

When determining the best time to make a foreign exchange transaction, in this case the USD vs KRW, you should pay attention to the recent market trends for both currencies.

US Dollar (USD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.

 

South Korean Won (KRW)

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

In the first five months of the year, the won lost 6 percent of its value against the dollar on its way to a 2-year low of ₩1,190, and lost 4 percent against the euro, with weakness driven by falling exports and an alarming drop in South Korean inflation, both of which drove expectations for an interest rate cut by the Bank of Korea. In addition, the won is one of those currencies being used as a proxy for risk, particularly for risks relating to US-China trade.

The Bank of Korea has warned traders that it will intervene in markets to prop up the won should the rate of currency depreciation accelerate, though interventions will be “mild.”

In late May, Bank of America Merrill Lynch predicted a reversal in won weakness. It said that it was “just a matter of time” before investors again focused on South Korea’s strong fundamentals. The bank expects USD/KRW to fall 7 percent in the second half of the year to ₩1,110.


How to get Best USD to KRW Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee 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.

What is a good USD to KRW exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the USD to KRW exchange rate to the present day for periods going back upto 10 years.

PeriodChange*USD/KRWDate
1 Day-0.2%1218.650024 Feb 2020
7 Day+2.1%1191.030018 Feb 2020
30 Day+3.9%1170.200026 Jan 2020
3 Month+3.4%1176.360027 Nov 2019
1 Year+8.7%1118.263325 Feb 2019
5 Year+10.4%1101.865026 Feb 2015
10 Year+4.8%1159.983727 Feb 2010

*For period to 25-Feb 21UTC when USD/KRW was 1216.0100

When is the best time to exchange USD to KRW?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

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