Comparing USD/KRW Exchange Rates
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale USD/KRW rate ( interbank mid-rate) plus fixed or percentage fees.
These margins and fees can vary significantly for USD to KRW International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Note the total cost will also vary on the currencies and total amount being exchanged.
We can help you get an even better deal when sending a Large International Money Transfer.
Click below for the Request Quotes form and enter your transfer details (BER account required).
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US dollar to South Korean won - Quick Convert
|$ 1||₩ 1,113|
|$ 5||₩ 5,565|
|$ 10||₩ 11,130|
|$ 20||₩ 22,260|
|$ 50||₩ 55,650|
|$ 100||₩ 111,300|
|$ 250||₩ 278,250|
|$ 500||₩ 556,500|
|$ 1,000||₩ 1,113,000|
|$ 2,000||₩ 2,226,000|
|$ 5,000||₩ 5,565,000|
|$ 10,000||₩ 11,130,000|
|$ 50,000||₩ 55,650,000|
|$ 100,000||₩ 111,300,000|
Calculate other USD/KRW amounts (from or to) at mid-market with our USD to KRW Calculator .
US dollar and South Korean won News
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)
South Korean won (KRW)
Citibank Bank analysts predict the Korean won will perform well against the US dollar in 2021, possibly reaching 6 year highs.
The won is one of those currencies being used as a proxy for risk, particularly for risks relating to US-China trade.
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 South Korean won was the worst-performing Asian currency in 2019.
Country Guides - South Korean won
|South Korea (KRW)|
How to get Good USD to KRW Exchange Rates
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
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.
What is a good USD to KRW exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US dollar vs South Korean won current value is to look the USD/KRW historic rate and change over a range of periods.
The following table looks at the change in the USD to KRW exchange rate over periods from the previous week back to the last 10 years.
30 Apr 2021
|0.4% ▼||1 Week|
07 Apr 2021
|0.5% ▼||30 Days|
06 Feb 2021
|0.4% ▼||90 Days|
07 May 2020
|8.7% ▼||1 Year|
08 May 2016
|4.8% ▼||5 Years|
10 May 2011
|2.9% ▲||10 Years|
USD/KRW 10 year historic rates & change to 07-May-2021 : 1112.97
Will the US dollar rise against the South Korean won?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/KRW to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair for tracking in your watchlist we will automatically check the exchange rate for any UP▲ or DOWN▼ move over a range of periods over the recent 90 days.