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USD to KRW - Compare Rates

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

 
 

USD KRW live spot rate

1 USD = 1136.0 KRW

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US Dollar to South Korean Won - Trend & Alerts

USDKRW at 1135.76 is 3.1% below its 90-DAY average, range 1128.45-1201.83.
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90-DAY-LOW
 
 

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' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
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US Dollar to South Korean Won - Quick Conversions

USD KRW
U$ 1 1,136
U$ 5 5,680
U$ 10 11,360
U$ 20 22,720
U$ 50 56,800
U$ 100 113,600
U$ 250 284,000
U$ 500 568,000
U$ 1,000 1,136,000
U$ 2,000 2,272,000
U$ 5,000 5,680,000
U$ 10,000 11,360,000
U$ 50,000 56,800,000
U$ 100,000 113,600,000
More amounts
USD KRW
U$ 0.0009 ₩ 1
U$ 0.0044 ₩ 5
U$ 0.0088 ₩ 10
U$ 0.0176 ₩ 20
U$ 0.0440 ₩ 50
U$ 0.0880 ₩ 100
U$ 0.2200 ₩ 250
U$ 0.4400 ₩ 500
U$ 0.8800 ₩ 1,000
U$ 1.7600 ₩ 2,000
U$ 4.4000 ₩ 5,000
U$ 8.8000 ₩ 10,000
U$ 44.00 ₩ 50,000
U$ 88.00 ₩ 100,000
More amounts

To calculate other USD/KRW FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate USD to KRW .

Country Guides - South Korean Won

 
South KoreaSouth Korea (KRW)
   

US Dollar - South Korean Won Forecasting

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)

Key fundamentals that previously propped up the USD (such as company revenues, inflation rates and interest rates) have been rapidly eroded. However, there are drivers for a temporary shift in risk demand for the US dollar. Nothing goes down in a straight line, and the US dollar might bounce before it continues its trend lower.

The US dollar has dropped steadily for the last 3 months against nearly all major currencies.

However, as reported by Bloomberg Aug 11, the shorting of the US dollar - betting that USD will continue to drop - is becoming a crowded trade and may backfire.

Bank of America predict that an early discovery of a vaccine against the coronavirus would be a positive for the US dollar. That's because Europe and Asia have a higher chance of fresh waves of infections the longer it takes for a vaccine to be found, a scenario that's bullish for the US dollar, read more at the Bloomberg report.

In July market USD forecasts started predicting US dollar weakness during the second half of 2020. This was triggered by the mid-July european leaders delivery a historic stimulus package which was seen by market commentators as positive for the euro and hence negative for US dollar.

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.

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)

MUFG Bank analysts predict the Korean won will perform well against the US dollar in the second half of 2020. The forecast USD/KRW at 1200.0 by the end of the third quarter and at 1185 by the end of the first quarter 2021. The expect range for the current quarter is 1175-1235.

The South Korean won was 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.

 

Will USD rise or fall against KRW?

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.

USD/KRW rateChangePeriod
20 Oct 2020 : 1139.50000.9% ▼1 Week
27 Sep 2020 : 1174.43993.8% ▼30 Days
29 Jul 2020 : 1190.91005.2% ▼90 Days
28 Oct 2019 : 1167.76003.3% ▼1 Year
29 Oct 2015 : 1139.09830.9% ▼5 Years
30 Oct 2010 : 1122.67270.6% ▲10 Years

USD/KRW 10 year historic rates & change to 27-Oct-2020 : 1129.2804

 

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 BER.me FX Alerts