OFX USD to KRW Exchange Rates - Compare Best Deals & Save

USD-KRW Best Exchange Rates

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

The OFX USD to KRW exchange rate is 0.988. This is - compared to the latest USD-KRW mid-market rate 1,428.3.

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 OFX 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 1,428.3. 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 like OFX or platforms that offer rates closer to the mid-market rate.

What are the OFX rates for other currencies?

The table below shows OFX US dollar (USD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :

Currency route	Mid market rate	OFX Send Money Rate	Cost%
USD - AED	3.6730	3.6546	-0.5%*
USD - AUD	1.5583	1.5505	-0.5%*
USD - BND	1.3413	1.2679	-5.5%
USD - CAD	1.4182	1.4111	-0.5%*
USD - CHF	0.8784	0.874	-0.5%*
USD - CNY	7.2494	7.0094	-3.3%
USD - CZK	23.78	23.66	-0.5%*
USD - DKK	7.0661	7.0308	-0.5%*
USD - EUR	0.9476	0.9429	-0.5%*
USD - FJD	2.3027	2.2047	-4.3%
USD - GBP	0.7847	0.7808	-0.5%*
USD - HKD	7.7747	7.7358	-0.5%*
USD - HUF	390.42	388.47	-0.5%*
USD - IDR	15,876	14.82	-
USD - ILS	3.5641	3.5463	-0.5%*
USD - INR	84.81	81.718	-3.6%
USD - JPY	151.25	150.49	-0.5%*
USD - KRW	1,428.3	0.988	-
USD - KWD	0.3074	0.3059	-0.49%*
USD - LKR	290.78	280.5228	-3.5%
USD - MAD	9.99	9.5976	-3.9%
USD - MGA	4,686.7	3.86	-
USD - MXN	20.25	20.15	-0.49%*
USD - MYR	4.4265	4.4044	-0.5%*
USD - NOK	11.13	11.07	-0.54%*
USD - NZD	1.7129	1.7043	-0.5%*
USD - OMR	0.3850	0.3737	-2.9%
USD - PEN	3.7220	3.5863	-3.6%
USD - PGK	4.0480	3.6386	-10.1%
USD - PHP	57.95	57.66	-0.5%*
USD - PKR	278.36	269.1617	-3.3%
USD - PLN	4.0358	4.0156	-0.5%*
USD - SAR	3.7564	3.6316	-3.3%
USD - SBD	8.3836	7.542	-10%
USD - SCR	13.66	13.133	-3.9%
USD - SEK	10.92	10.87	-0.46%*
USD - SGD	1.3396	1.3329	-0.5%*
USD - THB	33.68	33.51	-0.5%*
USD - TOP	2.3945	2.1966	-8.3%
USD - TRY	34.83	34.66	-0.49%*
USD - TWD	32.45	31.0901	-4.2%
USD - VND	25,377	23931.9617	-
USD - VUV	118.72	111.7906	-5.8%
USD - WST	2.8000	2.4557	-12.3%
USD - XOF	621.56	599.6419	-3.5%
USD - XPF	113.07	109.1673	-3.5%
USD - ZAR	17.81	17.72	-0.51%*

OFX Send Money Exchange Rates

* BER discount rate that we have negotiated with OFX. To obtain these special rates, click through to OFX from our above exchange rate comparison tool.

Compare Rates

The OFX 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 OFX and other foreign exchange providers against the latest USD-KRW mid-rate (see Market Data below ) and the possible savings of using various providers.

OFX at a glance:

OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

Learn more about OFX

Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

What Savings Can I Expect with OFX?

OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

When you register via our OFX 0.5% exclusive offer for BER users the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

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 = KRW

▲+0.3% since yesterday

90d-highs

USD to KRW at 1429 is 4.2% above its 3-month average of 1372, having traded in a fairly volatile 9.2% range from 1310 to 1431

09-DEC 7PM-NY 10-DEC 12AM-LON 8AM-HK 11AM-SYD

Tracker

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Date	USD/KRW	Change	Period
25 Nov 2024	1399.11	2.6% ▲	2 Week
10 Sep 2024	1344.34	6.8% ▲	3 Month
10 Dec 2023	1317.43	9% ▲	1 Year
11 Dec 2019	1188.93	20.8% ▲	5 Year
12 Dec 2014	1102.86	30.2% ▲	10 Year
14 Dec 2004	1057.20	35.8% ▲	20 Year

USD/KRW historic rates & change to 09-Dec-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	₩ 1.0000
$ 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
$ 0.0035	₩ 5
$ 0.0070	₩ 10
$ 0.0140	₩ 20
$ 0.0350	₩ 50
$ 0.0700	₩ 100
$ 0.1750	₩ 250
$ 0.3500	₩ 500
$ 0.7000	₩ 1,000
$ 1.4000	₩ 2,000
$ 3.5000	₩ 5,000
$ 7.0000	₩ 10,000
$ 14.00	₩ 20,000
$ 35.00	₩ 50,000
$ 70.00	₩ 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

10 DecRecent forecasts in the currency markets indicate a complex trajectory for the USD to KRW exchange rate, driven by both geopolitical events and economic data releases. The US dollar has experienced volatility, primarily bolstered by investor sentiment surrounding Donald Trump’s economic policies, which are expected to fuel inflation and sustain high interest rates. As a result, the USD strengthened to its highest level in a year following Trump's presidential win, with major financial institutions such as JPMorgan and Goldman Sachs predicting continued dollar strength amid a backdrop of pro-business policies and tariff implications. Notably, the USD/KRW rate currently stands at 1429, which is 4.2% above its three-month average of 1372, indicative of heightened volatility in the pair, having traded in a notable range from 1310 to 1431 during recent months.

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:

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.
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.
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.
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.
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.

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.

Manage Tracker

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 States (USD)

South 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

More exchange rates

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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OFX USD to KRW Exchange Rates Compared Live

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

How do OFX USD-KRW rates compare between providers?

What are the OFX rates for other currencies?

OFX at a glance:

Learn more about OFX

What Savings Can I Expect with OFX?

USD to KRW Market Data

What are equivalent amounts of USD and KRW?

Forecasts for USD to KRW

How to get a good USD to KRW exchange rate

The key is reducing excessive costs and fees

Multi-Vendor Quote

Will the US dollar rise against the South Korean won?

Currency Country Guides

How is the cost of living in South Korea?

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

More exchange rates