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    Best USD to KRW Exchange Rates Compared Live

    The live mid-rate USD to KRW exchange rate is 1,466.6. Compare currency conversion rates - Reduce FX costs.

    USD-KRW Best Exchange Rates
     
     

    What is the best Send Money conversion rate for USD to KRW?

    The best USD to KRW exchange rate is 0.994 from XE. This is - compared to the mid-market rate 1,466.6.

    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.

    How do USD-KRW rates compare between providers?

    Looking at our comparison table the best USD to KRW exchange rate is 0.994 from XE, - from the mid-market rate 1,466.6. The next best rate is 0.9935 from Wise, - from the mid-rate. OFX with 0.988 is - from the mid-rate.

    The Western Union rate is 0.984 which is - from the mid-rate.

    Among the banks, the Citibank rate is 0.985 at -, the Chase Bank rate is 0.945 at -, and the Wells Fargo Bank rate is 0.939 at - from the mid-rate.

    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.

     

    Compare Rates

     

    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. 

     
     
     

    USD to KRW Market Data

    US dollar (USD) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    Sell USD   →   Buy KRW
    1 USD =
    1,466.6We compare provider deals to this wholesale mid-market rate. Read more
    KRW
    —
    USD to KRW is at 7-day highs near 1474, 3.9% above its 3-month average of 1418, having traded in a fairly volatile 8.8% range from 1358 to 1478
    |
    Tracker

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    DateUSD/KRWChangePeriod
    30 Dec 2024
    1470.16
    		0.1% ▲2 Week
    15 Oct 2024
    1364.45
    		7.9% ▲3 Month
    14 Jan 2024
    1313.14
    		12.1% ▲1 Year
    15 Jan 2020
    1158.92
    		27% ▲5 Year
    16 Jan 2015
    1077.81
    		36.6% ▲10 Year
    18 Jan 2005
    1035.04
    		42.2% ▲20 Year
    USD/KRW historic rates & change to 13-Jan-2025
     

    What are equivalent amounts of USD and KRW?

    Here are some popular conversion amounts for USD to KRW (US dollar to South Korean won)*.

    USD KRW
    $ 1 ₩ 1.0000
    $ 5 ₩ 5.0000
    $ 10 ₩ 10.00
    $ 20 ₩ 20.00
    $ 50 ₩ 50.00
    $ 100 ₩ 100.00
    $ 250 ₩ 250.00
    $ 500 ₩ 500.00
    $ 1,000 ₩ 1,000
    $ 2,000 ₩ 2,000
    $ 5,000 ₩ 5,000
    $ 10,000 ₩ 10,000
    $ 20,000 ₩ 20,000
    $ 50,000 ₩ 50,000
    $ 100,000 ₩ 100,000
    USD KRW
    $ 0.0007 ₩ 1
    $ 0.0034 ₩ 5
    $ 0.0068 ₩ 10
    $ 0.0136 ₩ 20
    $ 0.0341 ₩ 50
    $ 0.0682 ₩ 100
    $ 0.1705 ₩ 250
    $ 0.3410 ₩ 500
    $ 0.6820 ₩ 1,000
    $ 1.3640 ₩ 2,000
    $ 3.4100 ₩ 5,000
    $ 6.8200 ₩ 10,000
    $ 13.64 ₩ 20,000
    $ 34.10 ₩ 50,000
    $ 68.20 ₩ 100,000

    More amounts

    *Converted at the current USDKRW interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

     
     

    Forecasts for USD to KRW

     

    The USD to KRW exchange rate has recently demonstrated significant fluctuations, currently hovering at 7-day highs near 1474, which is notably 3.9% above its 3-month average of 1418. This rise has been attributed to multiple factors influencing both the US and South Korean economic landscapes. FX analysts suggest that the US dollar’s strength is driven by expectations of sustained inflation and elevated interest rates stemming from the policies of President Donald Trump. Despite his indications of favoring a weaker dollar, the market sentiment remains optimistic that his stance on tax reductions and import tariffs will contribute to an overall stronger dollar, as major financial institutions like JPMorgan, Goldman Sachs, and Citi anticipate further appreciation of the USD.

    Read our full review of recent USD to KRW forecasts.

     
    KRW and flag

    How to get a good USD to KRW exchange rate

    There are several ways to save on exchange rates when converting US dollar to South Korean won:

    1. Shop around for the best USD/KRW exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the USD/KRW rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and KRW at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    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, living and doing business in South Korea 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.

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    Will the US dollar rise against the South Korean won?

    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.

     
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    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

     
     

    Currency Country Guides

    United StatesUnited States (USD)South KoreaSouth Korea (KRW)
     

    How is the cost of living in South Korea?

    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.

    What are the limits to foreigners when buying Property in South Korea?

    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

       
     
     
     

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    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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