Compare Citibank Exchange Rates & Fees - Save Time & Money
The live mid-rate USD to KRW exchange rate is 1,479.6.
Citibank US exchange rates and international wires
Citibank US customers can send international wires online in US dollars or supported foreign currencies. Citi waives its outgoing fee for an online foreign-currency wire, but says the exchange rate includes a conversion commission.
A standard online international USD wire currently costs $35. Relationship tiers can reduce or waive that fee, and selected Citi cards have no foreign transaction fee.
A foreign-currency wire still includes Citi's conversion commission in the exchange rate. Standard customers have a $50,000 online foreign-currency transaction limit; higher tiers can have limits up to $500,000 equivalent.
Citibank US timing and overseas card use
Citi says international wires submitted before 6:00 p.m. Eastern Time are generally sent the same business day. Recipient crediting can take longer because of intermediary banks, local banking hours and compliance checks.
Selected Citi cards waive foreign transaction fees, but this is not universal. Citi World Wallet foreign cash uses a separate exchange rate that includes a conversion commission.
What is the
best Send Money conversion rate for USD to KRW?
The best USD to KRW exchange rate is 1470.74 from XE. This is -0.6% compared to the mid-market rate 1,479.6.
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
Citibank - Dollar to South Korean won comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Citibank and other foreign exchange providers against the latest USD-KRW mid-rate and the possible savings of using various providers.
How do Citibank 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 XE at 1470.74, -0.6% from the latest mid-market rate 1,479.6.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Citibank 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:
