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 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.
USD to KRW at 1355 is 4.5% below its 3-month average of 1419, having traded in a fairly volatile 9.8% range from 1354 to 1487
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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:
#FX Update: USD/KRW drops to 1355, down 4.5% from 3-month avg amid rising US jobless claims. Analysts expect further $ weakness if US non-farm payrolls disappoint. KRW stabilizing after political concerns, but pair remains volatile - watch US jobs data & SK politics
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 1355.15 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 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 comparison table
the best USD to KRW exchange rate is 1355.15 from XE. The next best rate is 1354.47 from Wise. Then Western Union with 1341.52.
Among the banks the Chase Bank rate is -73.9951 the Wells Fargo Bank rate is -82.1751 and the Citibank rate is -19.4619 compared to the mid-rate 1,363.3.
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.