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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BY  Sibashree Feb 4, 2026

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READ MORE experience Canada

Experience Canada Like A Local: Insider Tips You Can’t Miss

BY  Ankita Feb 7, 2024

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READ MORE best time to visit Himachal Pradesh

Best Time To Visit Himachal Pradesh – Himachal Pradesh Guide

BY  Barsha Aug 17, 2022

Weather Conditions In Himachal PradeshMAR-JUNEOCT-FEBJUL-SEP22 - 37 degree Celcius0 - 15 degree Celcius15 - 25 degree Celcius The best time to visit Himachal Pradesh varies according to your preference. The best part about going to this beautiful state is that it looks different in different seasons - so whichever season you choose, you are kinda choosing the right destination! Scroll down and find out when you can visit Himachal Pradesh and what to expect from each season! Journey To The Dev Bhoomi: Best Time To Visit Himachal Pradesh! The land of Dev Bhoomi is best known for its picturesque landscapes, godly mountains, lots of comfort food, and every other ingredient that you need for some much-needed peace! Dotted with beautiful hill stations, tourists from all around the world visit Himachal every year, and there’s no reason why you should not! The best time to visit Himachal Pradesh would be between February to June, during Summer and Spring. You could also consider visiting this beautiful state during winter between October and February to experience snowfall. As every season unfolds, Himachal Pradesh changes colors, be it spring or winter, or even Summer. It honestly depends upon how you want to see this colorful land - are you looking for the best time to visit Himachal Pradesh for honeymoon, or are you looking for the perfect time you can travel to Himachal solo? Check out the tables below for a more comprehensive understanding of the Himachali seasons. Travel SeasonsMin/Max TemperatureWeather ConditionsMarch - June22-37 °CSunny days, pleasant nightsJuly - September15-25°COccasional thunderstormsDecember - February0-15°CCold, dry The best time to visit Himachal Pradesh also depends on when you want to go - do you want to hit the Dev Bhoomi during the peak season time? Or do you want to travel when it’s off-season in Himachal?  Peak Season: March - June Shoulder Season: November - February Low Season: July - September Exploring Himachal In Summer (March To June): Temperature: 22 - 37 °C Weather: Neither too cold nor too hot Months: March - June Summer in Himachal Pradesh is a soothing affair - the cold won’t bother you by sending shivers across your spine. Instead, it’s one of those times of the year when you can enjoy the cold while sipping on a hot cup of traditional Himachali tea by the hills. You know that feeling when the air conditioner is running, and you snuggle under the blanket? That is exactly how summer nights at Himachal feel! Are you looking for answers to questions such as ‘Himachal Pradesh best time to visit?’ - you can always opt for Summer considering you hate the excessive cold and want to spend a comfy time while traveling! The weather is great, but you know this season is also known for its own share of celebrations and festivities. Locals celebrate the Doongri Fair, also known as the Hadimba Devi Fair - the purpose? To celebrate the beginning of Summer! These local festivities are characterized by vibrant colors, blooming flowers, and lots of entertainment. Another great event that celebrates Summer in Himachal is the Summer Festival, which is held at The Ridge in Shimla every year. A 10-day event, the Summer Festival is known for handicraft exhibitions, fun sports activities, and folk dance performances - pet lovers, can even enjoy a dog show! Exploring Himachal In Monsoon (July To September): Temperature: 15 - 25 °C Weather: Monsoon with incessant rain Months: July - September Monsoon in Himachal Pradesh is all about petrichor with this rain-clad hamlet looking like a ‘breath of fresh air.’  The ‘freshly bathed streets’ and the smell of rain will greet you - think about the misty hills and quaint cafés, all patiently waiting for your arrival. Enjoy the magic of monsoon at Himachal and get lost in the beauty of the hamlet. While the earthy scent and lush landscapes will be enough to stunt your senses, a series of events will prevent the dampening of your spirits. The town of Chamba, for instance, celebrates the Minjar Festival in the months of July and August - the festivities are held for seven days and are mostly marked by grand processions. Locals visit the Laxmi Narayan Temple to offer both money and sweets as a prayer for a good harvest. The rains are beautiful, and they end up breathing life into the lush greenery that Himachal has to offer. If your best time to visit Himachal Pradesh is monsoon, then you must check out Kasol - spend hours by the side of the massive Parvati river, as the rain keeps creating a rippling effect on the water surface. Exploring Himachal In Winter (December To February): Temperature: 0 - 15 °C Weather: Snowy heaven Months: December - February Himachal Pradesh is a snow-lovers paradise in winter. If you want to experience the magical aura of snowfall in Himachal, then the best time to visit in Himachal Pradesh is this time! From indulgent snowball fights with your friends or family to walk through white streets while playing fun winter sports, winter in Himachal is a gift to all travelers out there - snowclad mountains, frozen lakes, crystalline ponds, and the landscape you will remember forever. The breathtaking beauty of Khajjar Lake is something you can’t miss out on during this time. Moreover, places like Manali and Shimla celebrate the onset of winter with the Winter Carnival - the ski slopes of Solang Valley and the winter sports activities of Rohtang Range are popular tourist attractions during this season. If you want to travel to Himachal during the winter, it’s a crazy decision considering the beauty during this time. You can also pay a visit to the Winter Queen contest a sort of beauty contest held in Manali. Frequently Asked Questions (FAQs): Check out the most frequently asked questions related to the best time to visit Himachal Pradesh mentioned below. 1. What Are The Top Places To Go To In Himachal Pradesh? Ans: The top places to go to in Himachal Pradesh are as follows,➼ Kinnaur,➼ Kasol,➼ Malana,➼ Dharamshala,➼ Solang Valley, and➼ Kufri. 2. What Is The Best Way To Plan A Himachal Trip? The best way to plan a Himachal trip is by following the itinerary mentioned below,➼ Day 1: Delhi to Shimla.➼ Day 2: Shimla to Kufri.➼ Day 3: Shimla to Manali.➼ Day 4: Manali to Rohtang Pass.➼ Day 5: Manali to Dharamshala. 3. Which Season Is Going To Himachal Pradesh? In Himachal Pradesh, winter begins sometime in October and lasts throughout February. Since December happens to be the coldest month of the year, there are several places in Himachal Pradesh during that time experiencing snowfall. If you want to enjoy the snowfall, then you must plan a trip in winter - places such as Shimla, Narkanda, Manali, and Kufri enjoy snowfall. 4. Which Is The Most Visited Place In Himachal? The most visited places in Himachal Pradesh are as follows,➼ Shimla,➼ Manali, and➼ Dharamshala. The Mountains Are Calling…And Himachal Is Waiting! The best time to visit Himachal Pradesh can vary depending on which season you prefer. Another factor that can influence your decision is whether you want to visit Himachal when everyone else is visiting or you prefer a smaller crowd. Himachal Pradesh is a huge state in terms of tourism because there’s so much to see, explore, and enjoy!  The best time to visit Dalhousie Himachal Pradesh will vary from the best time to visit another hill station in the same state. All you need to do is pick a time when you can see more, explore more, and naturally enjoy more. In the meantime, don’t forget to let us know your thoughts on the same in the comments below. Read Also: Exploring The Unexplored: Which Is The Best Time To Visit Darjeeling? What Are The Places To Visit In Meghalaya? – Travel Guide Top 5 Best Tourist Places In Coimbatore – Travel Guide