All You Need To Know About Korean Currency Rate And Money

May 19, 2023

Last Updated on: Aug 22, 2025

Travel Guides

For avid travelers and investors, the Korean currency rate can be a fascinating topic of discussion. Understanding the fluctuations of the won against other currencies can give insights into its economy.

Likewise, it could say much about Korea’s political developments and investors’ sentiment in the market.

This article will explore everything about the Korean currency rate. As such, we will cover the basic conversion rates to the impact of major events on the Korean economy.

History Of Korean Currency

South Korean currency has rich historical data that dates back to the early dynasties of Korea. It all started with the use of cowry shells and pearls as currency. As time passed, metal coins and paper money became popular.

The Japanese occupation of Korea introduced the Japanese yen as the official currency. Yet, in 1945, the Korean won was introduced and became the official currency.

Interestingly, the won was initially divided into 100 jeon, but the jeon was eliminated in 1960. The won has undergone many transformations to ensure price stability and economic growth. In modern times, the South Korean won is the official currency used in South Korea.

Today, the value of the South Korean won fluctuates with the global exchange rates. It’s one of the world’s top 20 currencies by value.

Current South Korean Won Exchange Rate

Knowing the latest exchange rate for the Korean won can be helpful in budgeting and forecasting your finances. As of January 2023, the exchange rate for Korean won is fluctuating depending on the global market and demand.

Below are some of the latest conversion rates:

  • 1 US dollar = 1,315.29 Korean won (USD to KRW)
  • 1 Australian dollar = 893.35 Korean won (AUD to KRW)
  • 1 Chinese yuan = 192.07 Korean won (CNY to KRW)
  • 1 Japanese yen = 9.90 Korean won (JPY to KRW)

However, exchange rates may vary depending on banks’ locations and policies.

Check exchange rates online through various currency converter websites to ease the currency conversion. Alternatively, download an exchange rate or currency calculator app. With these tools, you can convert your dollars to South Korean won (USD – KRW) or any other currency at the current rate.

Banknotes And Coins

Banknotes and coins in South Korea are not only used for daily transactions. Yet, they also hold significant cultural value. As such, these banknotes come in different denominations and colors.

For instance, the 1,000-won note features a Confucian scholar. Then, the 10,000 won note features Admiral Yi Sun-sin, known for his naval victories against Japan.

Meanwhile, the 50,000 won note features Shin Saimdang, a prominent female artist. Besides that, she was the mother of the famous Korean painter Yi I. These banknotes represent important historical figures and showcase various artistic designs.

Similarly, Korean coins are equally fascinating, with 10, 50, 100, and 500 won denominations. Each coin features a different symbol that holds cultural significance.

The 500-won coin features the portrait of King Sejong, who invented the Korean alphabet. Meanwhile, the 100-won coin features the image of a crane, symbolizing longevity and good fortune in Korean culture.

When visiting South Korea, carry some local currency as most stores prefer cash transactions. Foreign exchange markets are available in major cities, but it is crucial to know exchange fees as they vary.

Overall, banknotes and coins in South Korea hold monetary value and capture the country’s cultural heritage. Visit the Bank of Korea to learn more about their banknotes and coins.

Money-Handling And Etiquette

As with any country, knowing the cultural norms when handling money in South Korea is good. As such, for Koreans, money is not just a means but a representation of energy.

Below are some key points to note:

  • Cleanliness is crucial. Many Koreans believe money represents energy and keep their bills and coins as clean as possible. Hence, you will rarely see crumpled or dirty bills in circulation. Besides that, many Koreans carry cash and coins in wallets and change purses. For them, it is not just a convenient way to have cash but a way to keep it clean and maintain the money’s energy.
  • Respectful giving and receiving. When giving or receiving money, using both hands for respect is customary. This act is particularly true when exchanging money with older people or of a higher status than you.
  • No throwing or placing on the floor. Throwing money or putting it on the floor is considered disrespectful. If you drop a coin or bill, pick it up immediately. Likewise, people usually place money on a designated tray or hand it directly to the receiver.
  • Cash vs. Card. Credit cards are widely accepted in Korea. Yet, having some Korean won for small transactions or in areas that only accept cash is always good.

Keep this Korean currency rate information. Doing so will allow you to navigate financial transactions in South Korea with ease and respect for the country’s cultural norms.

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Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

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A Guide To National Parks In Alabama – Latest Guide

BY  Mashum Jul 26, 2021

There is a famous quote about the national parks in North America, “National parks are the best idea we ever had. Absolutely American, absolutely democratic, they reflect us at our best rather than our worst.” - Wallace Stegner.  There are about 423 national parks scattered across Alabama for visiting and some. Nonetheless, there exist some National parks in Alabama Camping. The National Park Service (NPS) of the country maintains and curates these areas. The key aim of these national parks is to bring the demonstrated tragic and victorious history of the state to its visitors.  Alabama is a perfect place for spending a few days of your vacation. I hope you are here because you are looking for some suggestions for the famous national parks in Alabama. Well, you are at the right place because today we will discuss the historical parks in Alabama suitable for sightseeing.  The Best National parks In Alabama Generally speaking, the national parks in America are a combination of history and environmental beauty. No more waiting because the list of top national parks in Alabama is here. Brace yourself to explore some incredibly thrilling places in your upcoming holidays: 1. Tuskegee Institute National Historic Site National Park Service (NPS) has designated this institute as a national historic site known as a historic national park. With a variety of fauna, it is the first university campus to receive honor from the government.  The park is located on the University campus itself, which makes the destination accessible to all. It also has a museum covering George Washington Carver’s rare photos and unique life details. The burial ground is the best place to spend some alone and silent quality time. 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READ MORE things to do in savannah ga

Art, Architecture, and Azaleas: 24 Things to do in Savannah in 2024!

BY  Ankita Mar 23, 2024

Imagine strolling through streets lined with historic sites, exploring contemporary art in bustling galleries, unwinding in grandiose homes turned into museums, or sipping coffee in quaint little nooks. Yes, THAT is Savannah for you! A city where the old and the new blend together, like honey, Savannah's diverse offerings range from serene gardens to lively beaches. It ensures every moment is packed with potential. But what are the things to do in Savannah, GA? If that is something that you are interested to know, I have you covered! In this guide, I'll talk about Savannah's top experiences and provide tips to craft your ideal visit. Ready to explore? Keep on reading this blog till the end to learn it all… Best Things to Do in Savannah, GA in 2024! Savannah is a hidden gem. There is absolutely no doubt about that! But did you know that the gorgeous city of Savannah is rated number 18 TripAdvisors’ Travelers’ Choice Best of the Best Destinations for 2024? Yes, you heard that right! 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Well, in that case, you should learn at the Georgia State Railroad Museum. Visiting this is one of the best things to do in Savannah, GA. This a museum located in the former Central of Georgia Railway Savannah Shops and Terminal Facilities.   The Georgia State Railroad Museum is a National Historic Landmark and features the country's largest collection of historic railroad buildings. You can see the locomotives, cars, and machinery that were used in the railroad industry, as well as the workshops, offices, and roundhouses that were part of the complex. Additionally, you can ride on a steam or diesel train, operate a handcar, and learn about the railroad's history and operation. You can visit the museum on your own or join a guided tour. 10. Taste the Savannah Bee Company Suppose you are a fan of honey and bees. In that case, you should taste the Savannah Bee Company, which was founded in 2002 by Ted Dennard, a passionate beekeeper and honey enthusiast. 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It features a variety of plants, flowers, trees, and shrubs, as well as a pond, a waterfall, a rose garden, a camellia garden, a fern garden, a herb garden, and a children's garden. You can also see the Reinhard House. It is a historic farmhouse built in 1840 and furnished with antiques and artifacts. You can visit the Savannah Botanical Gardens on your own or join a guided tour. 20. Learn at the Savannah History Museum In case you want to learn about the history of Savannah, you should visit the Savannah History Museum, which is located in the former Central of Georgia Railway Passenger Station. The Savannah History Museum showcases the history of Savannah from 1733 to the present, featuring more than 10,000 artifacts, documents, and photographs, as well as interactive exhibits and displays. You can see some of the highlights of the museum, such as the bench from the movie "Forrest Gump," the uniform of General Casimir Pulaski, the carriage of Girl Scouts founder Juliette Gordon Low, and the locomotive of the Central of Georgia Railway. Additionally, you can watch the film "Savannah the Survivor." It narrates the story of the city's survival through wars, fires, and epidemics. 21. Eat at the Olde Pink House If you tried to search for the best things to do in Savannah, GA on the internet, you must have come across blogs talking about the Olde Pink House! When it comes to a fine dining experience in Savannah, you should eat at the Olde Pink House, a historic mansion built in 1771 and one of the city's oldest buildings. The Olde Pink House is a restaurant that serves traditional Southern cuisine with a contemporary twist. It features dishes such as shrimp and grits, fried green tomatoes, she crab soup, and pecan-crusted chicken. You can enjoy the food in one of the elegant and cozy dining rooms, each with its own fireplace and decor, or in the basement tavern, which offers live music and a casual atmosphere. You can also enjoy the haunted side of the restaurant. Most people say that the ghost of James Habersham Jr., the house's original owner, haunts the house. 22. Relax at the Skidaway Island State Park If you are looking for a natural and serene place near Savannah, relax at the Skidaway Island State Park, which is on Skidaway Island 15 miles southeast of the city. Skidaway Island State Park is a 588-acre park that offers a variety of outdoor activities and amenities, such as hiking, biking, camping, picnicking, fishing, boating, and birdwatching. You can also visit some of the attractions in the park, such as the observation tower, the interpretive center, the nature trails, and the boardwalk. You can also see some wildlife inhabiting the park, such as deer, raccoons, alligators, and egrets. 23. 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The Ghost Coast Distillery produces and sells a variety of spirits, such as vodka, whiskey, bourbon, gin, and rum, using local and organic ingredients. You can visit the distillery and take a tour of the production facility, where you can see the stills, the barrels, and the bottling line, as well as learn about the history and process of distilling. You can also visit the tasting room, where you can sample the spirits and cocktails, as well as buy some of the merchandise and souvenirs. Wrapping it Up! I hope that you found this blog on all the things to do in Savannah helpful. This is a wonderful city that offers a lot of attractions and activities for all kinds of travelers. Whether you are into history, culture, nature, or entertainment, you will find something to suit your taste and interest in Savannah. So, what are you waiting for? Book your trip to Savannah today and discover the charm and beauty of this Southern gem. And yes, don’t forget to have a great time! 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Show-Me: Discovering Missouri’s Hidden Gems

BY  Arnab Oct 14, 2023

Welcome to Missouri, the Show-Me State! Often overshadowed by its more well-known neighbors, Missouri is home to an impressive array of hidden gems and lesser-known attractions. It offers unforgettable experiences for both tourists and locals. In this guide, we'll uncover some of the state's unique destinations that even many locals may not be aware of. So get out your maps and cameras, and let's start exploring! As you explore these hidden gems in Missouri, remember to stay updated on traffic rules and regulations. If you find yourself dealing with Missouri traffic tickets, then familiarize yourself with the local laws and seek professional assistance. Drive safe and have a great time exploring the Show-Me State! City Museum The City Museum in St. Louis invites visitors to crawl, climb, and slide their way through an architectural labyrinth. It was created from repurposed urban and industrial objects. 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Stick around and enjoy the small-town charm and nearby attractions, such as the Fanning 66 Outpost, home to the eclectic Route 66 Red Rocker. Graham Cave State Park Delve into history at Graham Cave State Park, where ancient Native American tribes once sought shelter within the cave's depths. The 6,000-year-old structures and artifacts found within the cave make it one of North America's most significant archaeological sites. In addition to exploring the cave, the park offers hiking trails, picnic areas, and fishing opportunities on the Loutre River. Elephant Rocks State Park Located near Graniteville in the St. Francois Mountains, Elephant Rocks State Park features giant granite boulders that resemble a herd of elephants. This unusual geological formation offers visitors a one-of-a-kind hiking experience. The park also showcases Missouri's intriguing mining history and offers a playground for children and a picnic area for a relaxing family outing. The Jesse James Wax Museum Following the theme of Missouri's deep connection to the outlaw Jesse James, the Jesse James Wax Museum in Stanton presents a unique collection of lifelike wax figures depicting key moments in the life of the legendary figure. The museum also poses an intriguing question: Was it really Jesse who died in 1882, or is there a different story to be told? Discover the evidence and decide for yourself. The Missouri Botanical Garden With 79 acres of beautifully maintained gardens, the Missouri Botanical Garden in St. Louis is an oasis for plant enthusiasts and nature lovers. Discover rare and endangered plants, walk through themed gardens, and admire the historic architecture of the Climatron, the world's first geodesic dome greenhouse. Seasonal events and festivals make the garden an ever-changing and vibrant destination. The Saint Louis Loop Trolley Take a ride back in time on the Saint Louis Loop Trolley. This vintage electric trolley system connects St. Louis City with University City, passing through the historic Delmar Loop entertainment district. Hop on and off as you please, visiting art galleries, restaurants, and live music venues along the way. Missouri State Penitentiary Experience the eerie and fascinating history of the Missouri State Penitentiary in Jefferson City. This decommissioned prison, which operated from 1836 to 2004, offers guided tours that delve into its dark past. Learn about infamous inmates, daring escapes, and the penitentiary's role in Missouri's justice system. Ghost tours are also available for thrill-seekers looking for a paranormal experience. With the inclusion of specialized ghost hunting equipment, such as electromagnetic field (EMF) meters, infrared thermometers, and digital voice recorders, participants can actively engage in the quest for otherworldly encounters. Big Cedar Lodge Nestled in the Ozark Mountains, Big Cedar Lodge near Ridgedale is a luxurious and serene destination for relaxation, adventure, and outdoor pursuits. With exceptional accommodations, a world-class spa, and an array of activities like golfing, fishing, and horseback riding, it's a perfect retreat for those seeking an unforgettable getaway in Missouri's scenic wilderness. Conclusion Missouri's hidden gems offer a wide range of unique, unforgettable experiences for everyone. Whether you're interested in nature, history, or simply unique attractions, you're bound to have an amazing time exploring these lesser-known sites. So get your friends and family, and set out on a Show-Me State adventure like no other. If you have thoughts to share or questions to ask, then please leave a comment below. We would love to hear from you. 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