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    OFX USD to KRW Exchange Rates Compared Live

    The best USD to KRW exchange rate is 1389.5. Compare OFX foreign transfer and currency exchange rates, find better rates & deals.

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    OFX - 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 OFX 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.


    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.

    OFX has partnered with BestExchangeRates to offer you or your business better deals, read our full list of active OFX & BestExchangeRates Deals & Promotions 🏷


    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.


    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 =
    1389.5We compare provider deals to this wholesale mid-market rate. Read more
    USD to KRW at 1390 is 1.6% above its 3-month average of 1368, having traded in a very stable 4.0% range from 1340 to 1393
    Sell USD   →   Buy KRW
    My Rates

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    06 Jun 2024
    1.8% 2 Week
    22 Mar 2024
    3.4% 3 Month
    21 Jun 2023
    7.9% 1 Year
    22 Jun 2019
    19.9% 5 Year
    23 Jun 2014
    36.4% 10 Year
    25 Jun 2004
    20.9% 20 Year
    USD/KRW historic rates & change to 20-Jun-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)*.

    $ 1 1,390
    $ 5 6,948
    $ 10 13,895
    $ 20 27,790
    $ 50 69,475
    $ 100 138,950
    $ 250 347,375
    $ 500 694,750
    $ 1,000 1,389,500
    $ 2,000 2,779,000
    $ 5,000 6,947,500
    $ 10,000 13,895,000
    $ 20,000 27,790,000
    $ 50,000 69,475,000
    $ 100,000 138,950,000
    $ 0.0007 ₩ 1
    $ 0.0036 ₩ 5
    $ 0.0072 ₩ 10
    $ 0.0144 ₩ 20
    $ 0.0360 ₩ 50
    $ 0.0720 ₩ 100
    $ 0.1800 ₩ 250
    $ 0.3600 ₩ 500
    $ 0.7200 ₩ 1,000
    $ 1.4400 ₩ 2,000
    $ 3.6000 ₩ 5,000
    $ 7.2000 ₩ 10,000
    $ 14.40 ₩ 20,000
    $ 36.00 ₩ 50,000
    $ 72.00 ₩ 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


    FX analysts have been closely monitoring the recent developments in the USD to KRW exchange rate, with the USD showing signs of strength despite some challenges in the US labor market. Despite the US dollar's rise against its rivals, including the Korean Won, due to increased US Treasury yields, there are concerns regarding softening activity in the US services sector that could potentially impact the 'greenback's' gains. The slight decline in the USD in May, influenced by slowing job growth, softer inflation, and revised GDP data, highlights the cautious sentiment in the market as investors await June's key economic reports, including payroll and inflation data.

    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.

    Track Rate

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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.


    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


    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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