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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Making The Most Of The Gold Coast’s Whale Watching Season

BY  Shahnawaz Aug 23, 2024

The Gold Coast isn’t just a paradise for sun-seekers and surfers. It’s also one of the best places in the world to witness the annual migration of majestic humpback whales. Yes, we are talking about the whale watching season. From June to November, these gentle giants make their way along the eastern coast of Australia, captivating locals and tourists alike.  But did you know that this natural spectacle can be the perfect backdrop for a culinary adventure?  For foodies, the whale-watching season on the Gold Coast offers a unique blend of breathtaking marine views and mouth-watering gastronomic experiences.  In this blog, we’ll guide you through the best spots to watch whales, responsible whale-watching practices, and the finest dining options to complement your day out. Where to Watch the Best Spots and Timing Whether you want to watch the whales during your time on the water or from the land, Gold Coast is a great place of choice. But always go there during the whale watching season. 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READ MORE things to do in rome

What Are The Best Things To Do In Rome? Here Are My Favorites 

BY  Sibashree Feb 4, 2026

Now, whenever it’s about the iconic destinations such as Rome or Paris, making a “things to do” list is exhaustive.  And the extortion shows in the guides I check on the internet. So, this time, I planned to create a guide on things do in Rome and it is something very personal. After three trips to Rome over the years, I can safely say that I have started to know the real pulse of the city. It’s beyond the Colosseum and Roman history.  We have a different guide on the main attractions in Rome if you only want to learn about the iconic attractions.  So, let me take you on a trip to Rome through my eyes.  Also, I am happy that combating overtourism in Rome has finally been taken up seriously. 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Taking A Walk Around Trastevere Rome is walkable, and it is the epicenter of various trendy neighborhoods. Trastevere was my favorite among them.  Transtevere has beautiful cobblestone streets, exuding the perfect dark academia vibes. Also, drinking an Aperol Spritz and watching people here are some of my favorite things to do in Rome.  I had my food at Tonnarello, and the chef’s kiss was the gelato I had while walking back to Centro Storico. In this context, you will find many of the best hotels in Rome in the Centro Storico area.  I prefer walking across the Ponte Sisto to reach Trastevere and explore its cobblestone streets.  8. Browsing The Borghese Gallery Borghese Gallery is a small building on the eastern edge of Villa Borghese. It is a sprawling park, spanning an area of 200 acres.  Now, here comes the catch! With the “small” word attached to it, you will think that you can just walk in. However, the gallery limits the number of visitors.  So, if you don’t prebook, the tickets can get sold out.  Enjoy the works of Raphael, Bernini, and Caravaggio at the Borghese Gallery.  9. Exploring The Lesser-Known Side Of Rome: The Southeast I took a scooter from the Centro Storico, and it was great to explore places like San Saba and Ripa. Away from the crowd, the first major encounter here was the Circus Maximus.  And it was a goosebump moment, without exaggerating a bit! It was the place where chariot races took place, and 25000 Romans were witnesses to them.  Then, I continued walking toward Roseto Comunale and reached Giardino degli Aranci. It is a garden of orange trees, and it has Terrazza Aventino, or the terrace from where you can enjoy amazing views.  The next destination was the Piramide di Caio Cestio. A pyramid in Rome? Yes, it is. Finally, I reached the Baths of Caracalla. The history of the bath goes back to 215 AD. 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READ MORE Suva nature guide

Suva Nature Guide: Exploring The Hidden Waterfalls, Peaks And Coastal Gems In The Green Heart Of The Pacific

BY  Sibashree Feb 12, 2026

Suva has the nickname of “The Green Heart of the Pacific,” and there is a reason behind that. It is more than government buildings and rich cultures. It is a rainforest city. Also, the city has Naitasiri and Rew adventure zones in the surrounding. Moreover, with an annual rainfall of 3000 millimeters, it has natural wonders such as the Colo-i-Suva Forest Park and urban places such as the Thurston Gardens and Albert Park. In addition, the city is home to a “Healthy City” initiative. Newer and greener pedestrian paths, parklands, and improved waste management systems of the city are the major parts of this initiative. Hi, in today’s blog, I will talk about the Suva nature guide. The topics discussed here are:  The best natural places to visit in Suva, Fiji  Suva nature guide tips from experts  Things to know to travel like a local  FAQs. Suva Nature Guide: What Are The Best Natural Places To Visit In Suva? Located on a hilly peninsula on the southeast coast of Viti Levu, Suva is incredibly blessed with lush greenery. Also, starting from Colo-i-Suva Forest Park, to the hidden nature spots in Suva, Fiji, there are many places to explore. 1. The Crown Jewel: Colo-I-Suva Forest Park  Do you know how the locals of Suva pronounce Colo-I-Suva Forest Park? They call it tholo-ee-soo-va. This rainforest has an area of 2.5 square kilometers. Also, this lush green forest oasis serves as the primary green lung of the city. The Upper Vs. Lower Pools  The two pools, the upper and lower pools of Suva, are divided by the main road. On each side, you will have a distinct experience. The Upper Pools Nature lovers and hikers love the steep and well-maintained trails of the Upper Pools.  Also, here it is less about the splash of swimmers. The focus is more on the symphony of the forest. The Lower Pools The Lower Pools have swimming holes and a rope swing that has seen decades of use. Daring travelers and local families love this area. Also, these are the ideal places if you want to cool off after a humid trek. Birdwatching Guide In Colo-I-Suva Forest Park  Suva's rainforests are a symphony of endemic species. Keep your binoculars ready for the scarlet robin and pink-billed parrotfinch. You must not miss the dawn chorus as it is the best birdwatching experience you can have in Suva. Safety And Practical Tips For Colo-I-Suva Forest Park  While the park is beautiful, it requires common sense. Security guards are usually stationed at the main pools and trailheads. It is wise to stick to the populated trails and avoid hiking alone late in the afternoon. Slippery paths are a guarantee, and Suva's high rainfall means the clay-heavy soil is perpetually slick. Wear shoes with aggressive tread, not flip-flops.  2. Hidden Waterfalls And Swimming Holes (Within 20 Mins) If you find that Colo-i-Suva is very curated, you can choose a more local or secret experience and know the rugged side of Fiji.  Here are the best waterfalls and swimming holes of Suva. These are just 20 minutes away from the city.  Korolailai Waterfall (Wailoku) The Korolailai Waterfall in Wailoku is a favorite of the locals. Use the Sikh Temple in Wailoku as your landmark, and the trail starts from here.  The trail passes through local farms and secondary forest.  Also, the main fall features a flat rock ledge directly behind the curtain of water. You can sit there and let the weight of the waterfall pound your shoulders. It’s the best free spa treatment in the Central Division. Navakavu Blue Hole Take a short drive toward the Lami side of the bay to reach the Navakavu coastline.  A short drive toward the Lami side of the bay brings you to the Navakavu coastline. This area is a protected tabu (sacred/restricted) site under the local Iqoliqoli (customary fishing grounds). So, you have to check with the village headman or local guides before entering the village.  Moreover, "Blue Hole" is a stunning turquoise indentation in the reef flats, perfect for snorkeling during high tide. 3. Hiking Suva: From Peaks To Reserves Are you looking for some elevation and solitude? Do you have the fitness to explore heights? Hike these peaks and explore these reserves.  • Mount Korobaba Summit Hike It is the best Suva hike experience you can have. Mount Korobaba rises above the Lami harbor, and from the mountain, you can enjoy a panoramic view of the Suva peninsula and Laucala Bay.  This trekking trail starts behind the Lami Cement Factory. So, the start is humble, but it is worth the grand view.  However, the hike is strenuous, and a return trip will take at least 2 to 3 hours. Also, here, you have to be very careful about the mud warning.  If it rains, the trail will become muddy and act like a vertical natural slide. Nevertheless, there are ropes in some sections to help you haul yourself up.  • Savura Forest Reserve Savura Forest Reserve is like a hidden gem, and it is a quiet academic zone that you would love to explore. It is a vital area for the water supply of Suva.  Furthermore, because it has fewer tourists, the biodiversity of the place remains almost intact. Overall, the condition is meditative and peaceful.  4. Coastal And Island Nature To cherish the coastal beauty and Island nature of Suva, you must visit the Nukulau Island and My Suva Park & The Seawall. At these places, you will understand the relationship of Suva with its marine landscape. So, leave the mainland and walk the southern edge.  • Nukulau Island The Nukalau Island is small, but it has a long history. It has served as a quarantine station and a prison. However, ironically, today, it is not a dark tourism site anymore.  In fact, it is now a peaceful place for a picnic.  Sandbank, And The History Of Nukulau Island  When there is a low tide, you will notice a massive stretch of sandbank here. The sandbank is ideal for wading.  You will also find here the remnants of many old structures. Thus, you can blend history with a beach day.  Nukulau Island Boat Logistics  The boats in the Nukulau Island leave from the Suva Wharf or the Vatuwaqa area. Charter a long boat and enjoy a breezy ride across the lagoon for 20 minutes.  A longboat is a fiverglass boat with an outboard motor. • My Suva Park And The Seawall You don’t always need a boat to see the coastal beauty of Suva. You can visit My Suva Picnic Park and explore the rehabilitated mangrove walkways.  Here, you will find the most intricate root systems that protect the shoreline from decay.  On the other hand, the Suva Seawall is the social hub of Suva City. Here, you will enjoy the sunset views over the peaks of Joske’s Thumb.  Also, don’t miss the view of Mount Korobaba in the distance.  During the sunset, the sky has the most fiery shade of violet, and looking at that, you can end a day of exploration on a perfect note.  5. Urban Greenery: Thurston Gardens Suva Botanical Gardens, or the Thurston Gardens, is an urban green space. The place got its name in 1976 after Sir John Bates Thurston, the founder of this botanical garden and the fifth governor of the city.  You can see diverse fauna in this botanical garden. It has water lilies, colorful gingers, ferns, and palms. It is also home to a prominent bat colony. In this context, you must know that bats are the only native mammals of Suva.  Currently, the Fiji Museum maintains this urban park, and other historical landmarks in the park are the bandstand and the Clock Tower.  These were built to commemorate the first mayor of the city.  Suva Nature Guide And Tips From Experts  Now, only the locals and taxi drivers know that Mt. Korobaba, "Pacific Cement Limited" factory in Lami, is better than the "Korobaba trailhead."  You can start your hike behind the factory fence. Now, this is what makes all the difference. The local and expert tips always help to enhance your Suva travel itinerary.  Do you want to know more such tips? Follow the details here.  1. Avoid Heavy Rain Days The weather in Suva is either wet or very wet. So, while it’s not practical to wait for a sunny morning and you must embrace the rainforest bath, you cannot trade the day of or after a heavy rainfall.  When it rains, the trails and forest tracks of Suva become natural and dangerous mudslides.  2. Take The Bus To Colo-i-Suva If You Are Traveling On A Budget  You don’t need to take a taxi for $15 if you are traveling to Colo-i-Suva from the city.  As a budget traveler, you can take the Sawani Bus from the main bus station and ask the driver to drop you at the park gate. The ticket price will be just $2.  3. Suva Keeps It Quiet On Sundays  Sundays are great for exploring the natural spots of Suva. These places are less crowded on Sundays.  Quite a surprise compared to the Western standards.  However, there is a catch! Public transport options are very limited on Sundays. So, you must pre-book a taxi for a smooth experience.  4. Follow The Sulu Rule  Suva is very particular about its customs and traditions.  Suppose you are visiting a secluded nature spot and you have to walk through a village, such as Korolailai, to reach that place.  Then, you will have to cover your legs with a sarong as a gesture of respect for the local community.  5. Be Aware Of Leptospirosis The pools and natural swimming places in Suva have tropical water. So, you cannot swim in them if you have open cuts.  Tropical water carries bacteria, and if you swim in the water with open injuries, you may have Leptospirosis.  6. Use Your Skills To Negotiate  You cannot just agree to whatever the boat owner asks you to pay for a ride to Nukulau. You must negotiate the boat fee at the Suva Carrier Stand, which is near the Suva Market.  If you are taking a private fiberglass boat, a return trip will cost you around $80-$100 FJD.  7. Wear Mosquito Repellent  My Suva Park in Suva, or the mangrove areas and rainforest, has mosquitoes. Also, Dengue is a serious concern here.  So, you have to wear mosquito repellent, and you need to spray to get rid of the mosquitoes.  8. Stay Hydrated  The humidity percentage in Suva Rainforest is more than 90%. So, when you are hiking, sweating will be profuse.  If you are hiking for 1 hour or more, you need to carry around 2 liters of water.  Things To Know In Suva, Fiji, If You Want To Travel Like A Local  You have to embrace Suva, Fiji, as it is, if you want to travel like a local. Also, there are some stories, or rather facts, that only locals know. For example, the Dakua trees are native to this place. However, the Mahogany Trees were later introduced to stabilize the soil.  Here is more about the reality checks, about the weather quirks, and the food of Suva if you soak in the true spirit.  1. The Reality Of The Rain Capital  The precipitation of around 3000 millimeters in a year, or a wet tropical climate, makes Suva the rain capital of Fiji.  In Fiji, it rains for more than 200 days a year.  So, if you want to explore Suva, you cannot wait for the Sun to shine bright. You have to embrace the rainforest swimming.  It means that you can get wet while it rains while exploring the rainforest, and do not waste time waiting for the Sun.  2. Picnic Like A Local In Suva, Fiji  If you are on a Suva food tour and want to indulge in the real flavors, you will have to picnic like a local.  Once you are tired after a long swimming session, you must buy a Bhuja or a spicy mix and have it with a long loaf as a snack.  Quirks And Cultural Hidden Gems Of Suva, Fiji Talking about the cultural hidden gems of Suva, Fiji, the first story that comes to my mind is about the Liuliu.  Liulius are the guardians of the waterfalls.  So, when you visit these waterfalls, you must not shout or scream. The guardians can be angry, and they can curse you if you shout and disturb them.  Along with this myth about the Liuliu or guardians, Suva is also known for its Lami vibe. It is at the base of the Mt Korobaba. It is the town that has the perfect fusion of a silent natural retreat and an industrial town.  In addition, the dark past of Nukulau is very intriguing in Suva, Fiji. It was once a quarantine island and later became a prison for coup leaders.  Moreover, this place has a stark contrast between the beautiful sandy beaches and a turbulent past. Thus, it has all the potential of becoming a dark tourism destination.  Do you want to learn more about the culture of this Fijian capital? Read my Suva cultural guide.  Discovering The Real Suva  The primal beauty of Viti Levu, the amber pools of Colo-i-Suva, the mud-slicked trails of Mt. Korobaba, and finding peace in the hidden Korolailai basin!  Also, the Fijian capital asks you to be a little dirty. So, wear your reef shoes, pack your mosquito repellent, and step off the pavement.  Moreover, allow the trees to embrace you and show you the real Suva.  Suva Nature Guide: Frequently Asked Questions And Answers (FAQs) Here are the frequently asked questions and answers about the Suva nature guide.  1. Is It Safe To Swim In Colo-i-Suva? Yes, you can swim safely in the freshwater pools of the Colo-i-Suva Forest Park. The pools here are in an inland rainforest, and they are not connected to the ocean. So, there will be no saltwater hazards.However, like other natural pools, these pools also vary in depth, and the surfaces can be rocky or slippery. So, you have to exercise caution when swimming in the natural pools here.  2. How Long Is The Mt. Korobaba Hike? The Mt. Korobaba hike is around 6 Kilometers or 3.7 miles long. It is a challenging hike, and the elevation gain is around 404 meters. Furthermore, the red clay path is challenging, and the clay route often gets muddy. Also, based on your pace, you will be able to complete the trek in 2 to 3 hours.  3. Are There Crocodiles In Suva’s Rivers?  Unlike many other islands of the Pacific Ocean, the rivers of Suva do not have crocodiles. However, you can spot saltwater crocodiles in Suva, and these crocodiles come from the nearby Solomon Islands or Papua New Guinea. They visit the region due to the strong oceanic currents. However, their sightings are very rare.  4. Do I Need A Guide For The Hikes In Suva? No, it is not mandatory to have a guide if you're hiking in the Colo-I-Suva forest or areas near Suva. However, the trails can be slippery, and the presence of wildlife in Suva is abundant. Also, often the major trails are linked to minor trails, and staying on the right tracks becomes difficult. So, it is better to have a local guide for safety purposes, and they will also guide you about the flora and fauna.  5. How Much Is The Entry Fee For Colo-I-Suva? The entry fee for Colo-I-Suva is around $1 FJD for the local adults and $0.50 FJD for children. However, if you are a foreign visitor, you will have to pay $5 FJD for adults and $1 FJD for children. 6. Can I Camp On Nukulau Island? Yes, you can camp on Nukulau Island, but you need a permit from the Department of Environment in Suva City beforehand. The permit will cost you around $2 for 24 hours. Also, the island has a shade for camping. However, you will have to bring your own tent, food, and water. 7. What Wildlife Will I See In Suva, Fiji? Suva is rich in wildlife. Places such as the Suva Botanical Gardens and Colo-i-Suva Forest Park are ideal for watching the birds, mammals, and amphibians. Birds to see in Suva are the Collared Lory (Kula), masked shining parrots, Fiji Goshawk, and blue-crested Broadbill. You will also find amphibians such as the Pacific Boa, Fiji Tree Frog, and Fiji Banded Iguana. Furthermore, while bats are the only native mammals of Suva, you will also find the Samoan Flying Fox, the Fijian Monkey-faced Bat, and the Mongoose. Moreover, Spinner & Bottlenose Dolphins, Banded Sea Krait, Spinner & Bottlenose Dolphins and Reef Sharks are the prominent marine animals found in Suva, Fiji. 8. Is Korolailai Waterfall Free? Yes, the Korolailai Waterfall is free to visit. However, there is a border of a settlement around the waterfall. You can pay a small donation of around $2-5 as a polite gesture. Also, you will have to pay a taxi fee of FJ$15–FJ$25 to reach the Korolailai Waterfall from Suva City.  9. What Is The Best Time For Birdwatching In Suva? Early morning is the best time of day for birdwatching in Suva. If you start birdwatching between 5 and 5:30 AM, you will find birds such as the Slaty Monarch, Fiji White-eye, and fruit dove. Season-wise, May to October is the best time for birdwatching. Especially, mid-August 10. Where Can I See Mangroves In Suva?  You will find the mangrove trees along the coastal areas of Suva. The easiest zone to access from the city is, of course, the Suva Seawall & Queen Elizabeth Drive. Another easy zone is the Rewa River Delta. It is around 25 km from Suva. It has an extensive stretch of mangroves. You can take a boat ride from Nausori to explore the area. Furthermore, Kalokolevu Village is a local community that proactively conserves the mangroves and is very particular about the restoration efforts. Moreover, the areas near the University of the South Pacific campus have mangroves. Low tide is the best time of the day to explore the mangrove forests. This is the best time for noticing the intricate root systems and the wildlife in the mangrove zone.