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USD to KRW Transfers Compared

USD-KRW Rate Calculator

 
 
   
   
   
   
   
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to South Korea can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to South Korea bank accounts or pay a South Korean won invoice.

 
   

USD to KRW Market Data

US dollar (USD) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.

90-day market context

USD to KRW is at 30-day lows near 1504, near its 3-month average, having traded in a relatively stable 7.9% range from 1446 to 1560
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Currency Forecasts related to USD/KRW

USD to KRW Exchange Rate Forecast & Outlook

Currently, USD/KRW is trading near 7-day lows around 1529, holding above its 3-month average of 1503. The dominant driver is the rate differential, with US rate hike expectations supporting USD in the medium term.

Read forecast

USD to EUR Exchange Rate Forecast & Outlook

Currently, USD/EUR is trading close to the 90-day average near the high end of its recent range, supported by risk-off conditions. The pair's position near recent highs suggests limited room for gains without a shift in sentiment.

Read forecast

USD to JPY Exchange Rate Forecast & Outlook

Currently, USD/JPY is trading close to its recent high at 162.5, holding near the 90-day average of 159.7. The pair remains within a stable 4% range from 156.4 to 162.6 but is pressured by risk-off sentiment...

Read forecast

USD/KRW trades near 7-day lows at 1529, with a slight downside bias amid interest rate differentials and risk-off sentiment. The pair remains within a 1529–1560 range, supported by US yield hikes but could weaken if South Korean data worsens.

 

USD to KRW Conversion: What Is Your Money Worth?

To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in South Korean won across a range of amounts.

This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :

USD KRW
USD KRW
$ 0.0007 ₩ 1
$ 0.0033 ₩ 5
$ 0.0066 ₩ 10
$ 0.0133 ₩ 20
$ 0.0332 ₩ 50
$ 0.0664 ₩ 100
$ 0.1660 ₩ 250
$ 0.3320 ₩ 500
$ 0.6640 ₩ 1,000
$ 1.3280 ₩ 2,000
$ 3.3200 ₩ 5,000
$ 6.6400 ₩ 10,000
$ 13.28 ₩ 20,000
$ 33.20 ₩ 50,000
$ 66.40 ₩ 100,000

More amounts

*Converted at the current USD-KRW interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for USD to KRW?

The best USD to KRW exchange rate is 1499.18 from Wise. This is -0.46% compared to the mid-market rate 1,506.1.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to South Korean won (KRW) rates from different sources before making a conversion.

The above Dollar to South Korean won comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-KRW mid-rate and the possible savings of using various providers. 

How do USD-KRW rates compare between providers?

Looking at the full USD to KRW - Send Money comparison table the provider with the best USD to KRW exchange rate is Wise at 1499.18, -0.46% from the latest mid-market rate 1,506.1.

The next best is XE at 1497.05, -0.6% from the mid-rate.

Then Western Union at 1475.96, which is -2% from the mid-rate.

Among the banks the Chase Bank rate is -81.8465 at -105.4% the Wells Fargo Bank rate is -90.883 at -106% and the Citibank rate is -21.6032 at -101.4% compared to the mid-rate 1,506.1.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

View a full list of exchange rates by selecting your Base (from) currency: