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 | Fri, Jul 19, 12:02PM 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
|Jul 2009||Oct 2010||Jan 2012||Apr 2013||Jul 2014||Oct 2015||Jan 2017||Apr 2018|
|1 USD =||1264.7779 Inverse: 0.0008||1115.6237 Inverse: 0.0009||1140.4861 Inverse: 0.0009||1120.3933 Inverse: 0.0009||1038.9417 Inverse: 0.0010||1130.3200 Inverse: 0.0009||1174.8000 Inverse: 0.0009||1070.0500 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
|Sep 2018||Oct 2018||Dec 2018||Jan 2019||Feb 2019||Mar 2019||May 2019||Jun 2019|
|1 USD =||1126.5700 Inverse: 0.0009||1136.2500 Inverse: 0.0009||1118.1200 Inverse: 0.0009||1119.6274 Inverse: 0.0009||1126.3426 Inverse: 0.0009||1134.8700 Inverse: 0.0009||1164.3300 Inverse: 0.0009||1183.6019 Inverse: 0.0008|
US dollar to the Korean won for the last 10 days
|Jul 09||Jul 10||Jul 11||Jul 12||Jul 13||Jul 14||Jul 15||Jul 16|
|1 USD =||1182.4742 Inverse: 0.0008||1175.6900 Inverse: 0.0009||1174.2051 Inverse: 0.0009||1177.3200 Inverse: 0.0008||1177.3200 Inverse: 0.0008||1177.4134 Inverse: 0.0008||1179.4100 Inverse: 0.0008||1178.9000 Inverse: 0.0008|
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.
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