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 Aug 28, 2025

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Exploring The Heart Of England: Things To Do In Leicester

BY  Abdul Aziz Nov 24, 2023

Leicester is a vibrant city with a wide range of attractions, including vibrant festivals, medieval sites, contemporary museums, and art galleries. Leicester, one of the oldest cities in England, was founded by the Romans. It also has one of the most diverse cultures in the nation, which is apparent at practically every turn. In this article, we will guide you through the beauty and attractions of Leicester. We will let you in on all the exciting things to do in Leicester. Stay tuned. Things To Do In Leicester: An Overview There is a fascinating assortment of attractions in Leicester's downtown that are all accessible on foot. Explore the bustling retail district surrounding Leicester Cathedral, a medieval structure. There is an interesting archaeological find close to the cathedral. In 2012, the skeleton of King Richard III was discovered here. Discover more about the excavation, the king's life, and his death by taking a tour of the King Richard III Visitor Center, which has been constructed around the site. Take a ghost tour at the Guildhall, which is reputed to be the most haunted structure in the city. Visit numerous free museums to learn more about Leicester's past. Visit Roman and Iron Age sites at the Jewry Hall Museum. At Newarke Houses Museum, experience life in Leicester during the 20th century. Visit Belgrave Hall Museum and Gardens to witness a reconstruction of Victorian customs. Visit the New Walk Museum and Art Gallery to see 20th-century artwork, dinosaur exhibits, and Egyptian relics. Take a stroll through the lovely Abbey Park along the Grand Union Canal. Enjoy a picnic on the well-kept lawns, or take a paddle boat rental out on the lake to explore the area. Examine the remnants of Cavendish House and Leicester Abbe- two historic structures. All The Things You Can Do Explore interactive exhibits at the National Space Centre to learn about solar system science, astronomy, and British space missions. See films with a space theme at the planetarium of the center. Leicester's festivals, food, and architecture all reflect the city's multiculturalism. Go to the Guru Nanak Gurdwara temple, which houses a Sikh cultural museum. Visit the Jain Center to learn about the ancient religion of Jainism. Walk along the Golden Mile on Belgrade Road to see a variety of Indian restaurants, jewelers, and sari shops. Participate in the vibrant Hindu holidays of Holi and Diwali. Things To Do In Leicester Leicester, a thriving metropolis in the East Midlands, offers a unique combination of history, culture, and captivating tourist destinations. Here are all the things you can do in Leicester. 1. King Richard III Visitor Centre: A Dramatic Royal Attraction The remains of King Richard III were found beneath a Leicester parking lot by researchers in 2012, which was an amazing find. The king who lost the Battle of Bosworth in 1485, made famous by Shakespeare (who painted him in an unfavorable light), is now housed in a royal setting where guests can learn everything there is to know about his life and times. The Visitor Centre provides a unique window into England's unstable past and one of its most controversial rulers, with tales of murder and war. 2. Leicester Cathedral: A Fitting Royal Burial Site Visit the Richard III Visitor Center first, then proceed to the Cathedral to see one of England's most exquisite churches. The fabled king was reburied there in 2015. Highlights are the 13 bells in the tower that ring on Thursday evenings and Sunday mornings (along with the king's tomb, of course), the somber East Window honoring the dead of World War I, and the stone statues of saints crowning the Vaughan Porch. 3. National Space Centre: An Out Of This World Attraction Unlike long-dead kings, the National Space Centre, located in the northern part of the city by the River Soar, offers something entirely different. Explore the universe's origins, take a trip across Venus, live in an International Space Station module, or just gaze up at the 42-meter-tall Rocket Tower, home to the Thor Able rocket, all at the UK's premier space museum. Young or old aspiring astronauts will love this place because it caters to their needs with lots of interactive exhibits and even allows them to try on space suits. 4. New Walk Museum And Art Gallery: See Some Fantastic Fossils Situated slightly to the south of the city center, the New Walk Museum and Art Gallery has been home to an impressive array of artistic and scientific displays since its founding in 1849. It is home to one of the best natural history collections in the world, which includes fully restored plesiosaur skeletons and some of the oldest fossils ever discovered. In addition, there is an amazing collection of German Expressionist artwork and four eerie Egyptian mummies. With free entry, it's an inexpensive but must-see Leicester attraction. 5. Newarke Houses Museum: Bringing Leicester's History To Life The quirky, interesting, and enjoyable Newark Houses Museum of Leicester's history is located a few hundred meters to the south of the Cathedral. 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St Nicholas Church As the oldest house of worship in the city, St Nicholas Church is one of the many churches in Leicester that you can visit and, therefore, one of my favorites. There is evidence of Roman architecture on the site, and parts of the church date back more than a century. One of the biggest remaining Roman buildings in the nation, the Jewry Wall is a 2nd century AD Roman wall located directly behind the church. Sadly, it was closed for renovations when I visited, but I've heard it's a must-see attraction in Leicester. Wrapping Up Being one of the oldest cities in England with a history spanning over two millennia, Leicester offers a plethora of unique activities to keep you occupied for a few days at the very least. Like many tourists, Leicester draws tourists primarily with the news of King Richard III's remains that came into discovery. You will love to learn that the city has a lot more to offer and that visiting them would increase your appreciation of the place. 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I Had No Idea When To Visit Mauritius Till I Went There THIS Time!

BY  Abdul Aziz Oct 27, 2023

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January To March Image Source: www.lexpressproperty.com In Mauritius, January is considered one of the hottest and wettest months of the year. Despite the high rainfall, the island is still quite busy due to the influx of tourists from the Christmas period. You can expect heavy rainfall during late afternoons, and there is a possibility of torrential storms during this month. Similarly, February is also quite hot, humid, and rainy in Mauritius. However, the rain usually doesn't last long and clears up after a few hours. Though not perfect for a beach vacation, February has fewer crowds than January. It is important to note that there is still a chance of cyclones during this month. March marks the Holi Festival, also known as the 'Festival of Colours' on the island. This annual celebration is held in honor of Lord Krishna, a Hindu deity. During the festivities, people line up on the streets and cover themselves with vibrantly-colored powder, creating a jovial atmosphere. Despite being a humid month, March sees less rainfall than January and February. April To June Image Source: media1.thrillophilia.com The month of April is a hot and humid season, making it an ideal time for sun-seekers. However, the Easter holidays make the island quite busy. If you prefer a quieter beach vacation, it's better to plan your trip outside of this period. April is also the beginning of the best time of the year to indulge in surfing or snorkeling in the crystal-clear waters. May is officially the start of winter in Mauritius, but the temperature remains comfortable, and the humidity drops. This month is popular among tourists as there are reasonable travel specials on Mauritius accommodations. The evenings can get chilly, so it is recommended to pack some warmer clothes. June is a cooler month in Mauritius compared to the humid weather at the beginning of the year. If you prefer hot weather, then June may feel much cooler. The trade winds start to increase, and like in May, the evenings can become a little colder. It's the perfect time for kite surfers. July To September Image source: www.eventsmauritius.mu July is also considered a cooler month in Mauritius. If you want to enjoy the best possible weather during this period, it's recommended to visit the North of the Island. Despite the lower temperatures, July is still a popular time of the year due to school holidays in the Northern Hemisphere. I visited Mauritius in August. In Mauritius, August is a month with mild temperatures and no rainfall, making it perfect for sunny days without the scorching heat. I would recommend you stay on the west or north coast during August as these areas provide more shelter from the wind. This month marks the Ganesh Chaturthi Festival, a festival honoring the God Ganesh, and you can see statues of the Elephant God all around the island during the celebration. September is considered the unofficial beginning of peak season in Mauritius. At this time, the strong trade winds start to die down, and the temperatures rise, ushering in the summer months and longer days of sunshine. Despite this, September still offers some quiet beaches, good deals on flights, exciting tours in Mauritius, and discounts on accommodations. October To December Image Source: www.mauvillas.com October is the driest month of the year in Mauritius, and it tends to be a busy time at the most popular destinations on the island. This month is also significant as it is the time for the Hindu festival of Diwali, also known as the Festival of Lights. During this festive period, candles and lamps light up the island in a soft glow, making it a beautiful sight to behold. November is characterized by a significant increase in humidity and temperature. The month offers more sunshine, but it's also associated with an increase in rainfall. It's a perfect time for scuba diving enthusiasts who want to catch a glimpse of the seasonal turtles, particularly the Green turtle and the Hawksbill turtle, which are commonly spotted during this period. In December, the last month of the year, Mauritius experiences a surge in global activities, and the island is no exception. Humidity levels rise, and heavy rainfall is expected, mostly in the afternoons. The sea temperature is warmer, making it ideal for water sports such as windsurfing, kayaking, and scuba diving. However, it is advisable to plan your beach holiday well in advance to avoid the high demand during the festive season. Things To Do When Visiting Mauritius Image Source: planetofhotels.com Mauritius is absolutely gorgeous most of the time, and visiting it is a must, whether solo or with family. Here are some things you can try once you decide to try this island country for your next trip: Snorkeling At Blue Bay Marine Park Image Source: static2.tripoto.com If you're interested in witnessing the beautiful marine life of Mauritius, snorkeling is an excellent way to do so. By snorkeling at Blue Bay Marine Park, you'll have the opportunity to closely observe the amazing underwater world of Mauritius that has been hidden for centuries. This excursion will transport you to a different world, allowing you to explore something that is beyond your imagination. Cave Sea Kayaking At Albion Caves Image Source: images.squarespace-cdn.com Kayaking in Mauritius offers a unique and adventurous experience. One such experience is kayaking across the cave sea, providing you with an exclusive opportunity to witness the beauty of the caves. If you are fascinated by caves and enjoy exploring their hidden stories and interesting designs, then you should definitely try a kayaking tour at Albion Caves. Walks With Lions At Casela Park Image Source: toursmauritius.mu Have you ever considered taking a walk with the king of the jungle? If so, Casela Park in Mauritius offers an opportunity to experience the wild side of the jungle by taking a thrilling walk with lions. This excursion in Mauritius promises to give you an adrenaline rush and an unforgettable experience that you may have never imagined! Wrapping Up If you are planning to visit Mauritius and want to know more I hope this article helped. My Experience of Mauritius and knowledge of it will help you select your trip timing better. If you have thoughts to share or questions to ask, please leave a comment below. I would love to hear from you! Read Also: This Is The Best Time To Visit Iceland & These Are The Things You Should Do! 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