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Best USD to KRW Exchange Rates Compared Live

The best USD to KRW exchange rate is 1331.9. Compare foreign transfer and currency exchange rates, find better rates & deals.

USD-KRW Best Exchange Rate Calculator
       
       

 

Comparing USD-KRW exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to 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 vs the latest USD-KRW mid-rate (see below) and the possible savings of using another provider.

US dollar to South Korean won (USDKRW) rate guide contents:

 

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USD to KRW Market Data

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

 
1 USD =
1331.9We compare provider deals to this wholesale mid-market rate. Read more
KRW
-0.3%
📈2W
USD to KRW at 1332 is just 0.9% above its 3-month average of 1320, having traded in a quite stable 4.3% range from 1290 to 1345
|
Sell USD   →   Buy KRW
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DateUSD/KRWChangePeriod
16 Feb 2024
1332.58
0.1% 2 Week
02 Dec 2023
1294.00
2.9% 3 Month
02 Mar 2023
1311.41
1.6% 1 Year
03 Mar 2019
1127.60
18.1% 5 Year
04 Mar 2014
1071.52
24.3% 10 Year
06 Mar 2004
1174.64
13.4% 20 Year
USD/KRW historic rates & change to 01-Mar-2024
 

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 1,332
$ 5 6,660
$ 10 13,319
$ 20 26,638
$ 50 66,595
$ 100 133,190
$ 250 332,975
$ 500 665,950
$ 1,000 1,331,900
$ 2,000 2,663,800
$ 5,000 6,659,500
$ 10,000 13,319,000
$ 20,000 26,638,000
$ 50,000 66,595,000
$ 100,000 133,190,000
USD KRW
$ 0.0008 ₩ 1
$ 0.0038 ₩ 5
$ 0.0075 ₩ 10
$ 0.0150 ₩ 20
$ 0.0376 ₩ 50
$ 0.0751 ₩ 100
$ 0.1878 ₩ 250
$ 0.3755 ₩ 500
$ 0.7510 ₩ 1,000
$ 1.5020 ₩ 2,000
$ 3.7550 ₩ 5,000
$ 7.5100 ₩ 10,000
$ 15.02 ₩ 20,000
$ 37.55 ₩ 50,000
$ 75.10 ₩ 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

 

Based on recent exchange rate forecasts and currency market updates, the USD to KRW exchange rate has been experiencing some volatility with the USD strengthening against the South Korean Won. The US Dollar has shown signs of recovery, supported by falling jobless claims and positive economic indicators, which have dampened expectations for imminent interest rate cuts by the Federal Reserve. FX analysts suggest that the US Dollar may see further gains if economic outperformance continues, with geopolitical tensions in regions such as Ukraine and the Middle East also potentially bolstering the USD.

Read our full review of recent USD to KRW forecasts.

 

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.

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.

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.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

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.

 
 
 

Country Currency 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

   
 
 

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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