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USD to KRW - Exchange Rate Overview

US Dollar to South Korean Won exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.


U$1,000 USD
₩1,230,950 KRW

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


Latest interbank exchange rate:

1 USD = 1231.0 KRW

Sell USD / Buy KRW 

USD to KRW 90-day trend
ALERT:1-DAY0.8% |
USD/KRW at 1230.96 was trading 1.1% above AVG:1218.01 with LO:1179.76 and HI:1261.46 (90 days). ALERT: Today USD/KRW is DOWN 0.8%

US Dollar to South Korean Won - Quick Conversions

U$ 1 1,231
U$ 5 6,155
U$ 10 12,310
U$ 20 24,620
U$ 50 61,550
U$ 100 123,100
U$ 250 307,750
U$ 500 615,500
U$ 1,000 1,231,000
U$ 2,000 2,462,000
U$ 5,000 6,155,000
U$ 10,000 12,310,000
U$ 50,000 61,550,000
U$ 100,000 123,100,000
More amounts
U$ 0.0008 ₩ 1
U$ 0.0041 ₩ 5
U$ 0.0081 ₩ 10
U$ 0.0162 ₩ 20
U$ 0.0406 ₩ 50
U$ 0.0812 ₩ 100
U$ 0.2030 ₩ 250
U$ 0.4060 ₩ 500
U$ 0.8120 ₩ 1,000
U$ 1.6240 ₩ 2,000
U$ 4.0600 ₩ 5,000
U$ 8.1200 ₩ 10,000
U$ 40.60 ₩ 50,000
U$ 81.20 ₩ 100,000
More amounts

To calculate your own 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.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for USD/KRW International Money Transfers. Costs are calculated against the current interbank mid-rate.


The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.


South Korean Won (KRW) Country Guides

South KoreaSouth Korea (KRW)

US Dollar and South Korean Won Forecasts

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)

In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.

Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.

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

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 over periods upto 10 years.

USD/KRWPeriod to 26-MayDateRate
0.5% ▲1 Week19 May 20201225.3200
0% ▲30 Days26 Apr 20201230.4999
1.5% ▲90 Days26 Feb 20201212.7700
4% ▲1 Year27 May 20191183.3100
11.1% ▲5 Years28 May 20151107.5917
0.6% ▲10 Years29 May 20101223.9865
USD/KRW 10 year rates & changes to 26-May-2020 (1231.0200)

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 FX Alerts


We help you Save Money on Exchange Rates.

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