USD to KRW Exchange Rate - Convert US Dollar to South Korean Won

Converting from US Dollar (USD) to South Korean Won (KRW)

What is US Dollar (USD)

The US Dollar (USD) is the official currency of the United States and is widely recognized around the world. It is represented by the symbol "$" and is often referred to as the "greenback" due to its color. The US Dollar is one of the most powerful and stable currencies globally, serving as the primary reserve currency for many countries. This means that many nations hold USD in their reserves to stabilize their own currencies and promote trade.

The US Dollar is also used internationally in transactions, making it a common currency for trading goods and services. In different countries, prices are often quoted in USD, reflecting its importance in global finance. Conversion rates between the USD and other currencies fluctuate based on market conditions, supply and demand, economic stability, and interest rates.

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea, symbolized as "₩." It has been in use since 1945 and has undergone several transformations over the years. The Won is subdivided into 100 jeon, although the jeon is rarely used in everyday transactions. Instead, prices in South Korea are typically expressed in whole won.

The South Korean economy is characterized by rapid growth and industrialization, making the Won an important currency in East Asia. Factors such as trade volumes, inflation, and government policies significantly influence the value of the KRW. Currency conversion from USD to KRW typically involves exchange rates, which can vary on any given day based on economic conditions and trader sentiment.

To convert USD to KRW, you can use the following formula:

Amount in KRW = Amount in USD × Exchange Rate (USD to KRW)

For example, if the exchange rate is 1 USD = 1,200 KRW, and you have 100 USD, the calculation would be:

Amount in KRW = 100 USD × 1,200 = 120,000 KRW

Converting currencies can be done through banks, currency exchange services, and online platforms that provide the latest exchange rates. It is essential to check the current rates before making any conversions, as they can fluctuate frequently. Additionally, be aware that service fees may apply when exchanging currencies.

Understanding the relationship between the US Dollar and South Korean Won is vital for anyone looking to conduct business, travel, or invest in South Korea. By familiarizing yourself with these currencies and the conversion process, you can make informed financial decisions.

US Dollar to South Korean Won conversion table

USD to KRW conversion table

US Dollar (USD)South Korean Won (KRW)
1 USD1 448.4036190571 KRW
2 USD2 896.8072381142 KRW
3 USD4 345.2108571713 KRW
4 USD5 793.6144762284 KRW
5 USD7 242.0180952855 KRW
6 USD8 690.4217143426 KRW
7 USD10 138.8253333997 KRW
8 USD11 587.2289524568 KRW
9 USD13 035.6325715139 KRW
10 USD14 484.036190571 KRW
100 USD144 840.36190571 KRW
200 USD289 680.72381142 KRW
300 USD434 521.08571713 KRW
400 USD579 361.44762284 KRW
500 USD724 201.80952855 KRW
600 USD869 042.17143426 KRW
700 USD1 013 882.53333997 KRW
800 USD1 158 722.89524568 KRW
900 USD1 303 563.25715139 KRW
1 000 USD1 448 403.6190571 KRW
2 000 USD2 896 807.2381142 KRW
5 000 USD7 242 018.0952855 KRW
10 000 USD14 484 036.190571 KRW
20 000 USD28 968 072.381142 KRW
50 000 USD72 420 180.952855 KRW
100 000 USD144 840 361.90571 KRW
Last updated February 5, 2025 at 11:55 AM