The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
USD to KRW Market Data
US dollar (USD) to South Korean won (KRW) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the USD to KRW Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the US dollar against the South Korean won is to review how the USD/KRW rate has changed over time.
The table below shows the percentage change in the USD to KRW exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Recent forecasts concerning the USD to EUR exchange rate indicate a bearish outlook for the US dollar (USD) while the euro (EUR) experiences limited strength.
Recent forecasts for the USD to JPY exchange rate indicate a bearish outlook for the US dollar, primarily driven by expectations for aggressive rate cuts by...
Current market bias: Bearish.
Key drivers:
- Interest rate differential: The Federal Reserve is expected to cut rates, putting downward pressure on the USD.
- Risk sentiment: Ongoing concerns regarding inflation could lead to depreciation of the KRW against the USD.
- Macro factor: The Bank of Korea may take action to stabilize the won amid inflation worries.
Near-term range: The USD/KRW is likely to trade within a stable range, currently just below the three-month average.
What could change it: An upside risk could arise from unexpected economic growth in the U.S. On the other hand, a downside risk is if the Bank of Korea takes strong measures that improve the won’s value, leading to a sharper USD decline against the KRW.
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USD/KRW bearish as Fed rate cuts loom, weakening the USD. South Korea's inflation concerns keep the won under pressure, but actions by its central bank could change this. Stable trading expected as recent data reflects sideways movement. #USD #KRW #Forex
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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 * :
What is the
best Send Money conversion rate for USD to KRW?
The best USD to KRW exchange rate is 1427.06 from Wise. This is -0.49% compared to the mid-market rate 1,434.1.
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 Wise at 1427.06, -0.49% from the latest mid-market rate 1,434.1.
The next best is XE at 1425.53, -0.6% 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
or platforms that offer rates closer to the mid-market rate.