USD to KRW Market Data
US dollar (USD) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.
📊 Quick forecast view
🔴 Mild downside
1494.3830 – 1521.0000
⚖️ Interest-rate differentials
⚪ Range-bound
90-day market context
Currency Forecasts related to USD/KRW
USD to KRW Exchange Rate Forecast & Outlook
Currently, USD/KRW is trading close to recent highs, supported by the rate differential that kept the pair near the 90-day average. The pair is consolidating within its recent range despite some caution amid risk-off sentiment.
USD to EUR Exchange Rate Forecast & Outlook
Currently, USD/EUR is trading close to the 90-day average, holding near recent highs within a very stable range. The pair is supported by risk-off sentiment, which favors safe-haven assets like the dollar.
USD to JPY Exchange Rate Forecast & Outlook
Currently, USD/JPY is trading close to 160, just above its 90-day average and within its recent high range. The dominant driver from structured analysis shows risk-off sentiment remains supported by elevated...
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 * :
*Converted at the current USD-KRW interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Everyday Costs in in South Korea
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
Currency Guide for South Korea (ISO Code: KR)
For travelers planning a one-week mid-range stay in South Korea, it's a good idea to budget around ₩1,200,000 to ₩1,500,000 (approximately $900 to $1,100 USD). This amount will cover accommodation, meals, transportation, and activities. Here’s a snapshot of typical daily expenses:
- 🍜 Meal at a local restaurant: ₩10,000 - ₩15,000
- ☕ Coffee: ₩3,500 - ₩4,500
- 🚍 Public transport fare: ₩1,250 - ₩2,500
- 📱 Prepaid SIM card: ₩30,000 - ₩60,000 (for a week)
- 🏨 Budget hotel or Airbnb: ₩50,000 - ₩100,000 per night
Overall, South Korea is considered to have an average cost of living for travelers. When compared to the United States, daily living expenses in South Korea may appear lower, especially for meals. However, when juxtaposed with Australia, costs can be quite competitive, often being a bit cheaper in South Korea, especially for public transport and casual dining options.
For Expats in South Korea
Expats looking to establish a comfortable living in South Korea can expect monthly expenses to range between ₩2,000,000 to ₩2,500,000 ($1,500 to $1,900 USD), depending on lifestyle choices. This budget typically includes rent, utilities, food, and transportation. It’s advisable to use local banks for daily transactions, as they generally offer lower fees compared to international banks. Many locals utilize mobile payment solutions, so having a local bank account linked to an app can make routine expenses more convenient.
When it comes to exchanging money, using local banks or ATMs to withdraw cash typically provides better exchange rates than currency exchange booths found in tourist areas. However, for larger transfers, online services like Wise and OFX can be advantageous, often offering lower fees and better rates compared to traditional banking methods. It’s wise to compare options based on the amounts you intend to transfer to ensure you’re getting the best deal.