The live mid-rate USD to KRW exchange rate is 1,427.5. Compare currency conversion rates - Reduce FX costs.
The best USD to KRW exchange rate is 1418.93 from XE.
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.
Looking at our comparison table the best USD to KRW exchange rate is 1418.93 from XE. The next best rate is 1418.21 from Wise. Then Western Union with 1404.65.
Among the banks, the Chase Bank rate is -77.524, the Wells Fargo Bank rate is -86.0889, and the Citibank rate is -20.4244 compared to the mid-rate 1,427.5.
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.
The Dollar to South Korean won comparison table above 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 (see Market Data below ) and the possible savings of using various providers.
US dollar (USD) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/KRW | Change | Period |
|---|---|---|---|
01 Apr 2025 | 1470.97 | 3.4% ▼ | 2 Week |
15 Jan 2025 | 1455.12 | 2.4% ▼ | 3 Month |
15 Apr 2024 | 1388.35 | 2.3% ▲ | 1 Year |
16 Apr 2020 | 1227.60 | 15.7% ▲ | 5 Year |
18 Apr 2015 | 1083.58 | 31.1% ▲ | 10 Year |
20 Apr 2005 | 1009.13 | 40.8% ▲ | 20 Year |
Here are some popular conversion amounts for USD to KRW (US dollar to South Korean won)*.
*Converted at the current USDKRW interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The USD to KRW exchange rate has recently come under pressure amidst rising tensions between the US and China, primarily due to new tariffs that have heightened fears of a recession in the US. Analysts have pointed out that the feedback from these trade disputes is dampening investor sentiment toward the US dollar, which has now retreated to 90-day lows around 1421 KRW, significantly below its three-month average of 1451 KRW. This represents a 2.1% decline, with the pair trading in a relatively stable range of 4.6% over the past few months.
Read our full review of recent USD to KRW forecasts.
There are several ways to save on exchange rates when converting US dollar to South Korean won:
Generally speaking, if you are buying South Korean won with US dollar, then it's better for the USD/KRW exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.
Read our Currency guide to South Korea — a practical currency and money guide to travel in South Korea plus living and doing business with the South Korean won.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
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 personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | South Korea (KRW) |
The cost of living in South Korea is relatively high when compared to other countries in Asia. In terms of transportation, food, and accommodation, South Korea is more expensive than China, Japan, and Thailand. However, it is important to note that the cost of living in South Korea varies depending on the city. Seoul, the capital city, is known for its high cost of living, while smaller cities and rural areas are generally more affordable.
There are no limits when acquiring property but you are required to register your purchase to local authorities within 60 days.
Read more at our South Korea (KRW) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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