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USD to KRW Transfers Compared

USD-KRW Rate Calculator

 
 
   
   
   
   
   
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to South Korea can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to South Korea bank accounts or pay a South Korean won invoice.

 
   

USD to KRW Market Data

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

90-day market context

USD to KRW is at 30-day highs near 1493, 1.1% above its 3-month average of 1477, having traded in a relatively stable 6.4% range from 1427 to 1518
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Currency Forecasts related to USD/KRW

USD to KRW Exchange Rate Forecast & Outlook

Currently, USD/KRW is trading close to the 90-day average within a narrow range near recent highs. It is supported by a rate differential that favours the US Dollar, but risk-off sentiment is limiting upside movement.

Read forecast

USD to EUR Exchange Rate Forecast & Outlook

USD/EUR is trading close to the 90-day average, holding near recent lows within a narrow range. The pair is supported by risk-off conditions and safe-haven flows.

Read forecast

USD to JPY Exchange Rate Forecast & Outlook

Currently, USD/JPY is trading close to its 3-month average at 157.7, within a stable range from 152.7 to 160.4. The pair is supported by risk-off sentiment, but the overall trend remains cautious due to...

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USDKRW is around 1462, with a slight downside bias in the near term. Interest rate differences support the USD, but risk-off sentiment is limiting gains. A shift in risk appetite or policy easing could push the pair lower.

 

USD to KRW Conversion: What Is Your Money Worth?

To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in South Korean won across a range of amounts.

This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :

USD KRW
USD KRW
$ 0.0007 ₩ 1
$ 0.0034 ₩ 5
$ 0.0067 ₩ 10
$ 0.0134 ₩ 20
$ 0.0335 ₩ 50
$ 0.0670 ₩ 100
$ 0.1675 ₩ 250
$ 0.3350 ₩ 500
$ 0.6700 ₩ 1,000
$ 1.3400 ₩ 2,000
$ 3.3500 ₩ 5,000
$ 6.7000 ₩ 10,000
$ 13.40 ₩ 20,000
$ 33.50 ₩ 50,000
$ 67.00 ₩ 100,000

More amounts

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

 
 

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

The best USD to KRW exchange rate is 1482.61 from XE. This is -0.6% compared to the mid-market rate 1,491.6.

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.

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 by banks and other foreign exchange providers against the latest USD-KRW mid-rate and the possible savings of using various providers. 

How do USD-KRW rates compare between providers?

Looking at the full USD to KRW - Send Money comparison table the provider with the best USD to KRW exchange rate is XE at 1482.61, -0.6% from the latest mid-market rate 1,491.6.

The next best is Wise at 1471.2, -1.4% from the mid-rate.

Then Western Union at 1461.73, which is -2% from the mid-rate.

Among the banks the Chase Bank rate is -85.5226 at -105.7% the Wells Fargo Bank rate is -89.9973 at -106% and the Citibank rate is -21.3854 at -101.4% compared to the mid-rate 1,491.6.

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.

 

View a full list of exchange rates by selecting your Base (from) currency: