Exchange Rate Statistics
Today’s Rate
0.000686
7-Day High
0.000693
7-Day Low
0.000686
30-Day Average
0.000691
Quick Conversion Reference Tables
Korean Won to US Dollars
| Korean Won (₩) | US Dollar ($) |
|---|---|
| 1 KRW | 0.000686 USD |
| 10 KRW | 0.0069 USD |
| 100 KRW | 0.069 USD |
| 1,000 KRW | 0.69 USD |
| 5,000 KRW | 3.43 USD |
| 10,000 KRW | 6.86 USD |
| 50,000 KRW | 34.30 USD |
| 100,000 KRW | 68.60 USD |
| 500,000 KRW | 343.00 USD |
| 1,000,000 KRW | 686.00 USD |
US Dollars to Korean Won
| US Dollar ($) | Korean Won (₩) |
|---|---|
| 1 USD | 1,458 KRW |
| 5 USD | 7,290 KRW |
| 10 USD | 14,580 KRW |
| 20 USD | 29,160 KRW |
| 50 USD | 72,900 KRW |
| 100 USD | 145,800 KRW |
| 250 USD | 364,500 KRW |
| 500 USD | 729,000 KRW |
| 1,000 USD | 1,458,000 KRW |
| 5,000 USD | 7,290,000 KRW |
Popular Korean Won Conversions
10,000 KRW to USD
$6.86
50,000 KRW to USD
$34.30
100,000 KRW to USD
$68.60
1,000,000 KRW to USD
$686.00
How to Convert KRW to USD
Conversion Formula
The conversion from Korean Won to US Dollars follows this simple formula:
USD Amount = KRW Amount × Exchange Rate
Example Calculation 1
Converting 50,000 KRW to USD:
50,000 KRW × 0.000686 = $34.30 USD
Example Calculation 2
Converting 250,000 KRW to USD:
250,000 KRW × 0.000686 = $171.50 USD
Reverse Conversion (USD to KRW)
Converting 100 USD to KRW:
100 USD ÷ 0.000686 = 145,773 KRW
OR
100 USD × 1,458 = 145,800 KRW
OR
100 USD × 1,458 = 145,800 KRW
About the Korean Won (KRW)
The South Korean Won is the official currency of South Korea. The currency code is KRW and the symbol is ₩. The won is subdivided into 100 jeon, though these smaller units are no longer used in everyday transactions. The Bank of Korea is the central bank responsible for issuing and managing the currency.
Denomination Details:
- Coins: ₩10, ₩50, ₩100, ₩500
- Banknotes: ₩1,000, ₩5,000, ₩10,000, ₩50,000
About the US Dollar (USD)
The United States Dollar is the official currency of the United States and its territories. It is also the world’s primary reserve currency, used extensively in international trade and finance. The currency code is USD and the symbol is $. The US Dollar is divided into 100 cents and is issued by the Federal Reserve System.
Global Significance:
- Most traded currency worldwide
- Primary reserve currency for central banks
- Standard for international commodity pricing
Factors Affecting KRW/USD Exchange Rate
Economic Indicators
Several factors influence the exchange rate between Korean Won and US Dollar:
- Interest Rate Differentials: Changes in interest rates by the Bank of Korea or the Federal Reserve
- Trade Balance: South Korea’s export performance, particularly in electronics and automobiles
- Economic Growth: GDP growth rates in both countries
- Political Stability: Geopolitical events on the Korean Peninsula
- Foreign Investment: Capital flows between the two nations
- Global Market Sentiment: Risk appetite and safe-haven demand
When to Exchange Korean Won to USD
The optimal time to exchange currency depends on various market conditions. Here are some considerations:
- Monitor Trends: Track the exchange rate over several weeks to identify patterns
- Avoid Peak Travel Seasons: Exchange rates may be less favorable during high tourist seasons
- Consider Economic Announcements: Major economic data releases can cause fluctuations
- Use Rate Alerts: Set notifications for your target exchange rate
- Compare Providers: Different exchange services offer varying rates and fees
Frequently Asked Questions
What is the current Korean Won to US Dollar exchange rate?
As of January 2026, 1 Korean Won (KRW) equals approximately 0.000686 US Dollars (USD), which means 1 USD equals about 1,458 KRW. Exchange rates fluctuate constantly based on market conditions, so it’s recommended to check real-time rates before making transactions.
How much is 10,000 Korean Won in US Dollars?
10,000 Korean Won (KRW) is approximately $6.86 USD at the current exchange rate. This amount is commonly used in South Korea for everyday purchases like meals or transportation.
How much is 100,000 Korean Won worth in USD?
100,000 KRW converts to approximately $68.60 USD. This amount represents a common withdrawal from ATMs in South Korea and is useful for daily expenses during travel.
Where can I exchange Korean Won to US Dollars?
You can exchange KRW to USD at several locations: international airports, banks, authorized currency exchange offices, hotels, and ATMs. Online currency exchange services often provide competitive rates with convenient delivery options. Banks typically offer secure transactions but may have higher fees compared to specialized exchange services.
Is it better to exchange money in Korea or the United States?
Generally, exchanging US Dollars for Korean Won in South Korea offers better rates than exchanging at US banks or airports. However, for converting KRW back to USD, comparing rates at multiple locations is advisable. Airport exchange counters in both countries typically offer less favorable rates due to convenience premiums.
What fees are involved in KRW to USD conversion?
Currency exchange typically involves several costs: exchange rate markup (the difference between market rate and offered rate), service fees or commissions (usually 1-5% of the amount), ATM withdrawal fees for international transactions, and potential receiving bank charges. Always ask for the total cost including all fees before proceeding with an exchange.
How has the KRW to USD rate changed over time?
The Korean Won to US Dollar exchange rate has experienced significant fluctuations over the decades. Historical events like the 1997 Asian Financial Crisis caused the won to weaken dramatically. In recent years, the rate has generally ranged between 1,000 to 1,500 KRW per USD, influenced by factors such as trade dynamics, interest rate policies, and global economic conditions.
Can I use US Dollars in South Korea?
While some tourist areas and international hotels in South Korea may accept US Dollars, the vast majority of businesses only accept Korean Won. It’s highly recommended to exchange your dollars for won upon arrival. Credit cards are widely accepted in urban areas, but cash is still necessary for smaller establishments, street vendors, and rural locations.
What is the best way to transfer money from Korea to the USA?
Several options exist for international money transfers: online transfer services offering competitive rates and convenience, traditional bank wire transfers providing security but often at higher costs, and specialized remittance companies focusing on Korea-US transfers. Compare exchange rates, transfer fees, transfer speed, and user reviews before selecting a service.
How accurate are online currency converters?
Online currency converters typically display mid-market rates, which represent the midpoint between buying and selling prices in the global currency market. While these rates are accurate for reference purposes, actual exchange rates offered by banks and exchange services will differ due to their markup and fees. The rate you receive for an actual transaction will usually be less favorable than the mid-market rate shown in converters.
Other Popular Currency Pairs with Korean Won
Korean Won is frequently exchanged with various other currencies for international trade and travel:
- KRW to EUR: Korean Won to Euro (commonly used for European travel)
- KRW to JPY: Korean Won to Japanese Yen (popular for regional travel)
- KRW to CNY: Korean Won to Chinese Yuan (major trading partner currency)
- KRW to GBP: Korean Won to British Pound (for UK transactions)
- KRW to AUD: Korean Won to Australian Dollar (education and travel)
- KRW to CAD: Korean Won to Canadian Dollar (immigration and study abroad)
Tips for Getting the Best Exchange Rate
Maximize Your Currency Exchange Value
- Compare Multiple Sources: Check rates at banks, online platforms, and exchange offices
- Avoid Airport Exchanges: Rates at airports are typically 5-15% worse than downtown locations
- Use ATMs Wisely: Withdraw larger amounts less frequently to minimize per-transaction fees
- Consider Online Services: Platforms specializing in currency exchange often offer better rates
- Time Your Exchange: Monitor rate trends and exchange when rates are favorable
- Understand All Fees: Ask for the total cost including hidden charges
- Use Credit Cards for Large Purchases: Often provide better rates than cash exchanges
- Negotiate for Large Amounts: Some exchange offices may offer better rates for substantial sums
References
- Bank of Korea. Monetary Policy and Foreign Exchange. Available at: https://www.bok.or.kr (Official central bank of South Korea providing authoritative exchange rate data and monetary policy information)
- Federal Reserve System. Foreign Exchange Rates – H.10. Available at: https://www.federalreserve.gov (US central bank publishing official exchange rate statistics and economic data)
- International Monetary Fund (IMF). Exchange Rate Archives by Country. Available at: https://www.imf.org (International financial institution providing comprehensive currency data and exchange rate analysis)
- Bank for International Settlements (BIS). Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets. Available at: https://www.bis.org (Global authority on international banking and currency market statistics)