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, Sep 18, 05:35PM 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
|Sep 2009||Dec 2010||Mar 2012||Jun 2013||Sep 2014||Dec 2015||Mar 2017||Jun 2018|
|1 USD =||1206.0493 Inverse: 0.0008||1159.5816 Inverse: 0.0009||1122.0718 Inverse: 0.0009||1132.4609 Inverse: 0.0009||1043.5650 Inverse: 0.0010||1182.5867 Inverse: 0.0008||1123.8700 Inverse: 0.0009||1110.6400 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
|Nov 2018||Dec 2018||Feb 2019||Mar 2019||Apr 2019||May 2019||Jul 2019||Aug 2019|
|1 USD =||1121.4900 Inverse: 0.0009||1123.5261 Inverse: 0.0009||1119.0893 Inverse: 0.0009||1128.2700 Inverse: 0.0009||1136.5800 Inverse: 0.0009||1183.3100 Inverse: 0.0008||1168.3207 Inverse: 0.0009||1214.1972 Inverse: 0.0008|
US dollar to the Korean won for the last 10 days
|Sep 08||Sep 09||Sep 10||Sep 11||Sep 12||Sep 13||Sep 14||Sep 15|
|1 USD =||1192.6209 Inverse: 0.0008||1191.8889 Inverse: 0.0008||1190.5000 Inverse: 0.0008||1190.7960 Inverse: 0.0008||1182.6200 Inverse: 0.0008||1179.7191 Inverse: 0.0008||1179.7191 Inverse: 0.0008||1179.7200 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.
How to send money to South Korea
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