The live mid-rate USD to KRW exchange rate is 1,382.5. Compare HSBC currency conversion rates - Reduce FX costs.
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The best USD to KRW exchange rate is 1374.21 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.
The HSBC 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 HSBC and other foreign exchange providers against the latest USD-KRW mid-rate (see Market Data below ) and the possible savings of using various providers.
Here we review HSBC's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check how you can save money when you send and spend abroad.
HSBC, also known as the Hongkong and Shanghai Banking Corporation, is a multinational investment bank and financial services company based in London, UK. HSBC operates in over 60 countries and territories, including the UK, Hong Kong, China, Canada, the US, Australia, and throughout Europe, the Middle East, and Asia. The bank is well-known for its retail banking services, investment banking, and wealth management services, and has a large and diverse customer base.
In terms of foreign exchange rates, HSBC offers competitive rates for international money transfers and foreign currency exchange services. Customers can transfer money overseas in a range of currencies, and the bank offers real-time exchange rate quotes and low transfer fees. HSBC also offers foreign currency accounts and multi-currency accounts, allowing customers to hold and manage multiple currencies in a single account.
HSBC's foreign exchange rates are competitive with other major banks and financial institutions, and the bank has a strong reputation for providing reliable and secure services. However, it is always recommended that customers compare exchange rates and fees across different FX providers to ensure they are getting the best value for their money.
When you get a quote for your Global Money Transfer from HSBC on their website or in-app, you can also see the HSBC exchange rate, but it can be difficult to then calculate how much you are being charged.
HSBC does not publish their exchange rates publicly which is frustrating. However, our research shows that on average, HSBC profit margin for foreign exchange rates is somewhere between 2.8 - 7%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks add this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
US dollar (USD) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/KRW | Change | Period |
|---|---|---|---|
16 May 2025 | 1399.12 | 1.6% ▼ | 2 Week |
01 Mar 2025 | 1461.80 | 5.8% ▼ | 3 Month |
30 May 2024 | 1376.42 | 0% ▲ | 1 Year |
31 May 2020 | 1231.47 | 11.8% ▲ | 5 Year |
02 Jun 2015 | 1111.63 | 23.8% ▲ | 10 Year |
04 Jun 2005 | 1007.78 | 36.6% ▲ | 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 is currently trading at 1371 KRW, which is notably 4.1% below its three-month average of 1429 KRW. This currency pair has experienced significant volatility, ranging from 1366 to 1487 KRW over the past few months. Analysts indicate that the US dollar's recent strengthening is largely attributed to a risk-averse market sentiment, where investors are seeking the safety of the greenback amid geopolitical uncertainties and anticipation of the Federal Open Market Committee (FOMC) minutes.
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.
Purchases are subject to 10% VAT and 2% Acquisition fee.
Agents charge fees roughly between 0.4 - 0.9%.
There is a large expat community in South Korea, and many people find the expat life to be enjoyable. There are plenty of things to do and see, and the food is excellent. The cost of living can be high, but it is possible to find affordable housing and transportation.
All foreigners are required to carry their passport at all times. In addition, foreigners are required to register with the local immigration office within 90 days of arrival.
South Korea is a very competitive market, so businesses have to be innovative and offer unique products and services to be successful. There is a lot of competition for consumers' attention and businesses need to stand out to be successful. There is also a lot of regulation in South Korea, so businesses need to be familiar with the relevant laws and regulations.
The economy of South Korea is a highly developed mixed economy dominated by family-owned conglomerates called chaebols. The South Korean economy is the 4th largest in Asia and the 11th largest in the world.
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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