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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Sin City Stays: Here Are The Best Hotels In Vegas!

BY  Abdul Aziz Dec 27, 2023

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Why Are El Salvadore Beaches So Famous? 

BY  sagnika Apr 3, 2024

Do you want to visit somewhere beachy? Are you planning to go somewhere natural and beautiful? Here, I am creating a list of some of the popular beaches and the benefits of these beaches. Read about El Salvador beaches and how fun they are! I will share the importance of beach tourism and the economy in this article. If you plan to read about some of these beaches of El Salvadore, you can read this article. You will have great fun, especially with diverse activities such as surfing, boating, etc. Furthermore, you can read about black sand beaches in El Salvadore and how they benefit tourism. Why Are El Salvadore Beaches So Famous? Why is El Salvador so famous? Here, I am sharing with you why these beaches are so popular. One of the major reasons they are well known is the black sand beaches! The black sand beaches have turquoise water, which creates a beautiful vibe for visitors. 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El Salvador is popular because of the black sand beaches, so why don't you decide to see the beautiful locales? Tourism is one of the significant ways of earning money; thus, the economy of the place is dependent on it. The economy of surf tourism supports the local culture and community. Comment on when you plan to visit the El Salvador beaches and your itinerary! You May Also Like: Top 10 Best Beaches In Florida 10 Best Nude Beaches In The World Top 7 Nantucket Beaches For Tourists In Massachusetts

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What Are The Best Mykonos Beaches? A Complete Guide To Party Hotspots And Hidden Gems 

BY  Sibashree Oct 11, 2025

Inclusive! Pristine! Party Paradise! Beaches for everyone!  Choosing adjectives for the Mykonos Beaches is surely a problem of plenty! Why?  If you love tranquillity, the Agios Sostis Beach will appeal to you. However, Jackie O’ Beach Club is a favorite of the LGBTQIA+ travelers. So, Mykonos Beaches offer you a bit of everything!  Furthermore, the Psarau Beach is where all the stars and elites gather. In addition, from icons such as Elizabeth Taylor and Paul Newman to Bella Hadid and Kendall Jenner today, Mykonos beaches have been the hub of celebrity tourism.  Moreover, if you are planning a stay in luxury villas in Greece and a premium holiday, Mykonos beaches will surely be on your bucket list.  Also, Mykonos beaches are crucial for luxury and high-end tourism in Greece. 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Party Beaches In Mykonos Paradise Beach and Super Paradise Beach are the best party beaches in Mykonos.  • Paradise Beach Distance from Mykonos Town: 5 Kilometers View this post on Instagram A post shared by Paradise Beach Club Mykonos (@paradisemykonos) One of the original nudist beaches in Greece, Paradise Beach is all about a carefree experience. The waves here are gentle, kissing the sandy shores and boulders.  However, it is the Paradise Beach Club that makes the experience more happening. Have your favorite drink and grab a quick snack in the sitting area under the Sun. Also, walking through the small lane with white-washed buildings on both sides is quite an experience.  • Super Paradise Beach  Distance from Mykonos Town: Around 7 Km View this post on Instagram A post shared by Susanne Niederberger (@passion4photoworks) The Super Paradise Beach is a little dramatic with cliffs reaching the crystal clear water here. Also, don’t forget a speed boat ride here with the hilly topography surrounding the water.  2. Family-Friendly Mykonos Beaches  Platis Gialos and Ornos Beach are my favorite picks among the most family-friendly beaches in Mykonos.  • Platis Gialos Distance from Mykonos Town: 5 Km View this post on Instagram A post shared by Joice Oliveira (@joiceoliveira) Platis Gialos is one of the most accessible and family-friendly beaches. It has water taxi stops, and you will find water sports and yacht rentals here.  Furthermore, it has two convenience stores for snacks and cold drinks. Also, on the shore, you will find Petasos Beach Resort and many other leading hotels of Mykonos.  • Ornos Beach Distance from Mykonos Town: 3 Km With clear and calm water, Ornos Beach is one of the best choices for families. You will find here sunbeds and other beach amenities for rent.  Also, you can enjoy a charter boat ride. The food scene here is quite vibrant, and the shops in the locality are ideal for boutique shopping.  Moreover, for a more happening experience, you can pay a visit to the Pasaji Beach Club.  3. Secluded & Romantic Beaches Agios Sostis and Fokos Beach are my favorite picks if you are looking for romantic and secluded beaches in Mykonos.  • Agios Sostis Distance from Mykonos Town: 8 Km View this post on Instagram A post shared by Mélanie (@melaniemday) With hilly surroundings and crystal clear water, Agios Sostis is a quiet paradise. You have to take quite a descent through the stairs to reach the beach.  It is not as commercialized as Paradise Beach or Platis Gialos, and that’s the whole fun.  • Fokos Beach  Distance from Mykonos Town: 12 Km View this post on Instagram A post shared by @kostantinosmanolis Fokos Beach is gorgeous, and it has a rocky landscape kissing the turquoise water. It is great for couples.  4. Water Sports & Active Beaches Want an adrenaline rush? Why don’t you plan a trip to Elia Beach and Kalafatis Beach?  • Kalafatis Beach Distance from Mykonos Town: 12 Km Kalafatis Beach is ideal for windsurfing and water sports. Furthermore, you can try extreme tubing, jet skiing, and scuba diving here. You can contact Kalafatis Watersports at + 30 6945261242.  • Elia Beach Distance from Mykonos Town: 10 Km Elia Beach is the longest in Mykonos. It is less commercialized, with some water sports facilities, such as jet skiing.  Furthermore, the main restaurant here serves amazing food and drink. Also, don’t miss exploring the secret coves on the western side of the beach.  Beach Comparison: A Summary Table Name of the BeachVibeAmenitiesAccessibilityBest ForParadise BeachParty• Snorkeling• Jet• Skiing Bars • Beach Club• Water Taxi• Taxi• Bus• Nightlife ExperienceSuper Paradise BeachParty• Bars• Restaruants• Party Events• Watersports• Wheel-Chair Accessible• Entrance• Restroom• Bus• Taxi• Car• Nightlife ExperiencePlatis GialosFamily-Friendly• Bars• Restaurants• Parasailing• Jet Skiing• Water Taxi• Public BusFamiliesOrnos BeachFamily-Friendly• Umbrella and Sunbed Rentals• Watersports• Water Taxi• Car• BusFamiliesAgios SostisSecluded• Watersports and Rentals Dirt road and walksCouplesFokos BeachSecluded• Traditional Taverna• Free Parking SpaceWell-maintained dirt roadCouplesKalafatis BeachActiveWatersportsEasyAdventure LoversElia BeachActiveJet SkiingEasyAdventure Lovers Transportation Tips: How To Reach The Mykonos Beaches And How To Move Around?  Did you know that Mykonos beaches are well-connected to Athens and other major cities through the Mykonos International Airport? In fact, you can take a flight of just 20 minutes to reach Mykonos from Athens. The ticket prices are around €40 to €80.  Of course, you can take a ferry from the Port of Piraeus in Athens and reach Mykonos in 3 to 5 hours. However, that’s a waste of time as the locals suggest that ferry rides do not always offer the best of views, and with high winds, it can get really choppy.  The ticket prices for a ferry ride from Athens to Mykonos Beaches will be around €40 to €150. Also, a ferry ride is suitable if you are visiting Platis Gialos, Paraga Beach, Paradise Beach, and other Mykonos beaches accessible by sea.  Nevertheless, once you reach Mykonos, you can move around comfortably in local buses, scooters, and taxis. Here are the details.  1. Local Buses To Move Around Mykonos Beaches  Mykonos buses are the best option if you want to move around the beaches. Buses are easily available from the following locations and ply to the following destinations.  Mykonos Buses Departure PointsDestinations Mykonos Buses Services KTEL Departure Point 1: Fabrica• Platis Yalos• Psarou• Ornos• Ai Yannis• ParadiseParangaMykonos Buses Services KTEL Departure Point 2: OTE• Ano Mera• Kalafati• EliaMykonos Buses Services KTEL Departure Point 3• Neo Limani• Aghios Stefanos You can contact (+30) 22890 23.360 or (+30) 22890 26.797 to learn about the timing and fare of these buses.  2. Mykonos Taxis  You can book a taxi for airport transfers and moving around the Mykonos beaches through your accommodation. However, in most cases, the taxi drivers will charge you around €15 to €20 extra.  However, for airport transfers, you must take the KTEL buses from JMK Airport to the Mykonos Chora Southern Bus Station.  From the Mykonos Chora Bus Station, you can go to the Fabrika Bus Station in the south or the Old Port Bus Station in the north based on the beaches you want to visit.  Airport transfer to and from Mykonos in KTEL public buses will cost you €3. You can also buy shuttle tickets for airport transfers from the driver inside the bus.  Insider Tip You have to pay the bus driver in cash. Also, sometimes, the driver refuses to give you a change. So, carry small bills.  3. Renting A Scooter In Mykonos If you are traveling solo or with your partner, you can hire an ATV or a scooter to move around the beaches in Mykonos.  For scooters, the daily rentals for the scooters will be around €25, and the car rental prices for a week will be close to €350-400 a week.  What Is The Best Time To Visit Mykonos Beaches? May to October or Late Spring to Autumn is the best time to visit the Mykonos Beaches. However, the summer months of July and August are the busiest on Mykonos Beaches. The temperatures in these months range between 20 and 28 degrees Celsius, and usually there is no rainfall in these months.  These months also receive the longest sunshine hours.  Are you planning to visit the Mykonos beaches in a different season? Here is a month-by-month breakdown of temperature. (Source: Greeka.com). MonthsAverage Temperature (Degree Celsius)January10.9 February11.3March13April15.6May19.5June21.5July23.5August25.8September23.2October19.8November16December12.4 Local Etiquette For Visiting The Best Beaches In Mykonos The locals in Mykonos are friendly and hospitable. They are also quite familiar with the consistent inflow of tourists, with Mykonos beaches being quite important for the luxury tourism landscape in Greece.  Casual and comfortable clothes made of light fabrics are the best choices for the daytime. In the evening, you can wear the fancier outfits and turn the party mode on.  Furthermore, tipping is quite popular in hotels and restaurants. At cafes and bars, the standard tipping charges are 10 to 15% of your service.  Best Mykonos Beaches: Frequently Asked Questions (FAQs)  Here are some frequently asked questions and answers about the best Mykonos Beaches.  1. How Many Beaches Are In Mykonos? Mykonos has more than thirty beaches. 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