Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order and expertly navigate the cutting-edge financial tools available -- including credit cards, apps and budgeting software.
US Dollar to Korean Won Exchange Rate
Refreshing in: 60s | Sun, Mar 29, 05:36PM GMT
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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
|Mar 2010||Jun 2011||Sep 2012||Dec 2013||Apr 2015||Jul 2016||Oct 2017||Jan 2019|
|1 USD =||1130.3551 Inverse: 0.0009||1067.5514 Inverse: 0.0009||1114.6167 Inverse: 0.0009||1055.0767 Inverse: 0.0009||1103.1633 Inverse: 0.0009||1148.9467 Inverse: 0.0009||1145.6600 Inverse: 0.0009||1114.7970 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
|May 2019||Jul 2019||Aug 2019||Sep 2019||Oct 2019||Dec 2019||Jan 2020||Feb 2020|
|1 USD =||1187.6775 Inverse: 0.0008||1175.1100 Inverse: 0.0009||1217.7524 Inverse: 0.0008||1194.2802 Inverse: 0.0008||1171.8200 Inverse: 0.0009||1190.4600 Inverse: 0.0008||1158.9300 Inverse: 0.0009||1191.0300 Inverse: 0.0008|
US dollar to the Korean won for the last 10 days
|Mar 19||Mar 20||Mar 21||Mar 22||Mar 23||Mar 24||Mar 25||Mar 26|
|1 USD =||1257.8600 Inverse: 0.0008||1254.9500 Inverse: 0.0008||1254.9500 Inverse: 0.0008||1254.6643 Inverse: 0.0008||1261.4500 Inverse: 0.0008||1233.8700 Inverse: 0.0008||1223.4000 Inverse: 0.0008||1213.2000 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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