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Understanding the Table:
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’.
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.
US dollar (USD) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.
In the near term, USD/KRW is trading close to recent highs near 1495, supported by risk-off sentiment and safe-haven flows. The...
In the near term, USD/EUR is holding near its recent range as the current drivers are not aligned clearly enough for a stronger...
In the near term, USD/JPY is trading close to recent 30-day highs near 158.1, which is above its 3-month average of 156.2. The...
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 * :
*Converted at the current USD-KRW interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best USD to KRW exchange rate is 1471.92 from XE. This is -0.6% compared to the mid-market rate 1,480.8.
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.
Looking at the full USD to KRW - Send Money comparison table the provider with the best USD to KRW exchange rate is XE at 1471.92, -0.6% from the latest mid-market rate 1,480.8.
The next best is Wise at 1460.91, -1.3% from the mid-rate.
Then Western Union at 1451.18, which is -2% from the mid-rate.
Among the banks the Chase Bank rate is -80.456 at -105.4% the Wells Fargo Bank rate is -89.3408 at -106% and the Citibank rate is -21.224 at -101.4% compared to the mid-rate 1,480.8.
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:
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