The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
KRW to USD Market Data
South Korean won (KRW) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: The USD/KRW is bullish-to-range-bound, currently above the 90-day average and in the upper half of the 3-month range.
Key drivers:
- Fed rate cuts expected to impact USD's attractiveness vs. KRW.
- Volatile oil prices, remaining above average, strengthen USD as a commodity currency.
- Bank of Korea's concerns over weakening KRW and inflation.
Range: USD/KRW likely to hold its position, drifting within a 4.1% range.
What could change it:
- Upside risk if Fed signals continued tightening, boosting USD demand.
- Downside risk from South Korea's intervention to stabilize KRW.
Tweet: USD/KRW remains bullish above the 90-day avg, within a 4.1% range. Fed rate cuts may impact demand while volatile oil prices & concerns from the Bank of Korea support the USD. Watch for Fed hints on tightening or KOR intervention for shifts
@bestfxrates
KRW to USD 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 South Korean won are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different KRW amounts at today’s rate * :
What is the
best Send Money conversion rate for KRW to USD?
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
South Korean won (KRW) to US dollar (USD) rates from different sources before making a conversion.
The above
South Korean won to Dollar 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 KRW-USD mid-rate and the possible savings of using various providers.
How do KRW-USD rates compare between providers?
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.