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 | Fri, Jan 17, 09:20PM GMT
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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
|Jan 2010||Apr 2011||Jul 2012||Oct 2013||Jan 2015||Apr 2016||Jul 2017||Oct 2018|
|1 USD =||1122.6985 Inverse: 0.0009||1090.4888 Inverse: 0.0009||1142.4157 Inverse: 0.0009||1061.9761 Inverse: 0.0009||1078.7633 Inverse: 0.0009||1137.3667 Inverse: 0.0009||1121.6100 Inverse: 0.0009||1132.1200 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
|Mar 2019||Apr 2019||Jun 2019||Jul 2019||Aug 2019||Sep 2019||Nov 2019||Dec 2019|
|1 USD =||1132.1447 Inverse: 0.0009||1159.9927 Inverse: 0.0009||1188.8706 Inverse: 0.0008||1175.6900 Inverse: 0.0009||1208.4966 Inverse: 0.0008||1195.2200 Inverse: 0.0008||1164.7000 Inverse: 0.0009||1189.6800 Inverse: 0.0008|
US dollar to the Korean won for the last 10 days
|Jan 07||Jan 08||Jan 09||Jan 10||Jan 11||Jan 12||Jan 13||Jan 14|
|1 USD =||1167.4550 Inverse: 0.0009||1162.3000 Inverse: 0.0009||1158.8100 Inverse: 0.0009||1158.9300 Inverse: 0.0009||1158.9300 Inverse: 0.0009||1158.9300 Inverse: 0.0009||1154.9400 Inverse: 0.0009||1158.1500 Inverse: 0.0009|
Forecast rates for USD to KRW
|Month||$1 USD =|
Rate prediction methodology and disclaimer
Forecast rates are our best estimate of average exchange rates over the next 11 months. We base these rates on an analysis of current and historical Wall Street prices of related financial instruments and historical exchange rates for this currency pair.
If details are missing, it means that we didn’t have sufficient data to make a forecast.
These rates are educated expectations only, not financial advice. Talk with a professional before any important financial decision.
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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