Kevin Joey Chen is a credit cards writer at finder.com. He's passionate about helping you get your finances in order and travel the world like a pro. He's taken an extended trip around Europe as a digital nomad, gaining firsthand experience with exchange rates, ideal (and not-so-ideal) credit and debit cards, foreign transactions and budgeting strategies. He earned his BA from UC Davis and has written across many niches at Finder, including cryptocurrency, personal loans, car insurance, real estate and money transfers.
US Dollar to Korean Won Exchange Rate
Refreshing in: 60s | Wed, 22 May 02:34am GMT
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- Bank-beating exchange rates
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Historical Rate chart of USD and KRW
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|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Bank notes:||₩1,000, ₩5,000, ₩10,000, ₩50,000|
|Coins:||₩10, ₩50, ₩100, ₩500|
US dollar to the Korean won for the last 10 years
|May 2009||Aug 2010||Nov 2011||Feb 2013||May 2014||Aug 2015||Nov 2016||Feb 2018|
|1 USD =||1246.1162 Inverse: 0.0008||1178.0278 Inverse: 0.0008||1143.8046 Inverse: 0.0009||1080.8625 Inverse: 0.0009||1024.8017 Inverse: 0.0010||1195.8100 Inverse: 0.0008||1176.9600 Inverse: 0.0008||1081.1300 Inverse: 0.0009|
How does the US dollar trade against the Korean won historically?
Historically, the US dollar has been stronger against the won. Over the past decade, it has generally been worth between 1,000 and 1,200 KRW. Over the past year, it’s held relatively stable between 1,100 and 1,200 KRW.
US dollar to the Korean won for the last 10 months
|Jul 2018||Aug 2018||Oct 2018||Nov 2018||Dec 2018||Jan 2019||Mar 2019||Apr 2019|
|1 USD =||1128.0000 Inverse: 0.0009||1107.8000 Inverse: 0.0009||1132.0000 Inverse: 0.0009||1138.4600 Inverse: 0.0009||1121.1463 Inverse: 0.0009||1112.8000 Inverse: 0.0009||1128.0007 Inverse: 0.0009||1134.6974 Inverse: 0.0009|
US dollar to the Korean won for the last 10 days
|May 12||May 13||May 14||May 15||May 16||May 17||May 18||May 19|
|1 USD =||1175.4205 Inverse: 0.0009||1188.1785 Inverse: 0.0008||1187.9103 Inverse: 0.0008||1187.0400 Inverse: 0.0008||1191.4100 Inverse: 0.0008||1194.7400 Inverse: 0.0008||1194.7400 Inverse: 0.0008||1194.8296 Inverse: 0.0008|
What affects USD > KRW exchange rates?
The policies of the Federal Reserve
When the Fed stops distributing dollars (as just one example), it restricts the money supply. Hence, demand goes up.
Economic uncertainty in the world
The US dollar is often seen as a safe investment, and it’s often purchased more aggressively during global crises.
Exports from Japan and China
Both countries buy dollars to stabilize their currencies. This helps them create cheaper exports, which in turn makes their exports more attractive to world buyers.
South Korea brings in a high volume of imports and exports, exposing the country to high market volatility.
China’s monetary policy
The People’s Bank of China can change the value of the yuan. When it does, it indirectly changes the won-to-dollar exchange rate.
Send money from USD to KRW
Market rate for common transfer amounts USD to KRW
|US Dollars (USD)||Korean Won (KRW)|
How much is traded between these currencies?
The US dollar is the most traded currency in the world — according to the Bank for International Settlements, the dollar is involved in about 88% of currency trades. Meanwhile, the South Korean won is involved in about 2% of global trades.
How to send money to South Korea
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