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.

Read Also:

Share on Social Media

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

title-img Related

READ MORE beaches in australia

9 Best Beaches In Australia That Will Make It The Trip Of Your Life!

BY  sagnika May 6, 2024

Are you a water person? Do you need to open your shoes and dip your feet in the water soon? Is your favourite destination always related to beaches? Well, then you must check out these nine beaches, some of the best in Australia. When you visit these beaches, you see pure white sand, crystal clear waters, and majestic boulders—it feels like a perfect postcard scene. It is high time that beaches were given their right value, with beautiful scenery and a peaceful environment. Also, you will find my ideas on some things to do in Australia when it comes to these beaches! Keep reading to know more. 9 Best Beaches In Australia That Will Make It The Trip Of Your Life! There are several beautiful beaches in Australia, including Whitehaven Beach, Bondi Beach, Noosa Beach, and others. I will discuss with you the significance of the white sands on these beaches and the crystal-clear waters; at times, the turquoise colour is apparent. Water passes through the sand, making it so fine! Along with the water, the impurities wash away, creating clean and soft sand. Let us delve deeper into how to have some of the best trips of your life when you plan on visiting these beaches. 1. Noosa Main Beach The Sunshine Coast of Queensland offers some beautiful beaches, including Noosa Main Beach! It is one of the most popular beaches in the area, especially because the view is postcard perfect. When you visit Noosa, you will know what I am talking about, especially when you witness the swaying palms, turquoise waters, and golden shore. Lifeguards patrol the area daily, and there are ample facilities. Hence, you will not only enjoy yourself on this beach, but you will also be safe. Furthermore, if you are visiting with families, it is a perfect place because the beach is right beside Hasting Street, where you can shop. The restaurant precinct is also there, so you can easily grab some food. Because the beach is north-facing and sheltered, the surf and climate are gentle all year round. 2. Bondi Beach Bondi Beach is always packed with tourists and is one of the most crowded beaches in Sydney and Australia! It is an iconic beach because, across the stretch of silky sand, you will experience spectacular scenery with the warm Aussie sunshine on your face. This is one of the coolest beaches in Sydney!  Standing in front of perfect waves will take your breath away! If you want to enjoy this view, you should visit mid-week because the rush is a little relaxed. Check out Bondi Surf Seafoods, where you must try the fish and chips doused in lemon and wrapped in butcher's paper. Once you swim, get yourself fish and chips, sit on the beach, and eat it! Without this experience, your visit to Bondi Beach would be incomplete. Furthermore, you can also visit Bondi Icebergs to cool your body with a sunset drink. 3. Cottesloe Beach In Western Australia, Cottesloe Beach is perfect if you are into beachside dining! You can drive down from Perth to visit this aesthetically beautiful beach. Apart from visitors and tourists, it is also one of the locals' favorite spots. You can check out art exhibitions, which are sometimes organized on the beach! Apart from surfing and cycling trails, you can attend the annual Sculpture by the Sea. Several eateries provide a perfect environment for you and your fellow travelers when you are hungry. Restaurants such as Jade Court, which has been open for 35 years in Cottesloe, offer an unforgettable Chinese experience. Another significant eatery that people swear by is Indigo Oscar. It is known for its tropical-meets-Latin American dishes and vibe. You should try this place. 4. Cable Beach Located on Western Australia's northern border, Broome has this iconic beach: Cable Beach! Offering picture-perfect sunsets, you must walk across the soft white sand to enjoy the complete feel of it. The calm blue water creates a beautiful visual. You can soak up the golden glow of the place while enjoying a camel ride! There are camel rides available, which you can take to watch the beautiful sunset at the beach. Furthermore, you must read about some of these restaurants in Australia which will help you taste deliciousness! If you want to have a romantic experience with your partner after the beautiful sunset, you can go to Tuga Supper Club. The place has amazing food items, such as the lamb and mac and cheese rack and the dessert platter! The music adds to the relaxed ambiance. 5. Wineglass Bay The place is what we call a wild beauty, as Tasmania has to offer natural beauty in all its raw glory. Wineglass Bay is quite a notable beach in Tasmania, located in Freycinet National Park. The beach is a perfect curve covered with white sand, and the clear blue water borders it. You can take a stroll on the beach with your partner or enjoy yourself on the soft sand. A cozy cafe, Geographe Restaurant Espresso, will cater to your needs for breakfast, lunch, and dinner with a beautiful view. If you are a seafood lover, I have just the place called Freycinet Marie Farm. You can either stop there and plan on eating right there, or you can buy all the ingredients and take them back home to cook. If you want to enjoy the sunset with a glass of wine, Richardsons Bistro offers everything from lunch to dinner and snacks! 6. Burleigh Heads The Gold Coast is popular for its beaches; that is where we have the Burleigh Heads! It will take over an hour for you to drive to Burleigh, a blending beauty of sunshine and surfing; there is a collaboration of culture and vibe. If you are into the sun and surfing, this is it for you! Furthermore, the place is a mix of chic city life and bohemian vibes. There are several dining and eatery joints with oceanfront views and towering pine trees. The Little Plate is one such restaurant where you can have delicious seafood such as Hiramasa Kingfish and Scallops. You cannot miss starters like Crispy Fried Prawn Dumplings and Peranakan Nonya Chicken. You will also have an amazing shopping experience because many shops surround the beach. 7. Lucky Bay One of the cutest places to hang out, Lucky Bay has kangaroos laid back chilling around the dazzling white sand! If you love wildlife, this place will be heaven for you. Located in the southwest corner of Western Australia, the beach is a combination of white sand in a crescent shape and turquoise water! In Cape Le Grand National Park, the view is to die for! When you travel there, you see kangaroos sunbathing in the white sand and the completely calm of the people around the beach. You can also check out beautiful views of the Recherche Archipelago. One place you must go to for food is The Deck Bar & Cafe! You will experience a blend of good wine, good company, and good food when you go there. If you are going towards Moonta and the Port Hughes, you might as well go here. You will see that the price of the food is standard and quite affordable. Several food options include schnitzels, fish and chips, salt and pepper squid, and burgers! Another beautiful place is the Coffee Barn Gelateria, which is always packed with people! 8. Mindil Beach This place is much more than just a beach because there are several beach festivities that make the overall experience perfect. It is in Darwin's Northern Territory of Australia, where you will get the complete local experience. This is also one of the best places to live in Australia!  There is always something happening at this beach, be it runs and marathons, festivals, or markets. The Beach Sunset Market has several food stalls offering sizzling food. You can have delicious food while watching the beautiful sunsets at the beach. All kinds of food stalls are available, including fruit and juice, seafood, Thai, Chinese, ice cream and sorbet, Sri Lankan, Bangladesh, Mexican, Indian, Turkish, and several others. Even the names of the food stalls are fun, such as Cheeky Cheeky Churros, Magic Cauldron, Petra's Raw Cakes, Sunset Slushie, Fat Kebabs, FireBowls, Frozen Penguins, and several others. 9. Whitehaven Beach If you love marine life, you must visit Whitehaven Beach, as it offers spectacular views. The stunning Whitsunday Islands are quite close to this beach, and you can enjoy the view with the turquoise water swirling together! You can take a variety of cruises when you are on this beach! For accommodation, you can stay on Hamilton Island, which is about 30 minutes by boat. Finishing Off... To sum up, it is quite interesting to see that these beaches in Australia can offer some of the best experiences of life. You can make memories by clicking beautiful pictures, selfies, and portraits to remember these times. You can also visit new places for eating and shopping, thus creating the perfect experience of a lifetime. In my opinion, it is an important way to relax or perform water activities while on the beach with your partners, family, or friends. Comment on which beach is best in Australia according to you and why. Learn More About: 6 Tips For A Luxurious Trip To Australia Do You Know The Best Time To Visit Australia? Read All About It! Top 10 Best Beaches In Florida: Should Know When You Are Planning To Florida

READ MORE certified translation for immigration

How to Navigate Visa & Immigration Translations When You Travel Long-Term

BY  Sibashree Oct 22, 2025

Traveling long-term or moving abroad is an exciting adventure. But if your journey involves applying for visas, immigration permits, or residency, you’ll quickly discover that documentation is one of the biggest hurdles. Among the most common requirements are visa translation services and certified translations of official documents. Whether you are applying for a student visa, a work permit, or reuniting with family overseas, presenting correctly translated documents can make or break your application. Authorities want clear, accurate, and verifiable translations, and failure to meet those standards often leads to delays or even rejections. This guide explains everything you need to know about visa and immigration translations, including why certified translations are required, what documents usually need them, and how to avoid common pitfalls. Why Visa Translations Are Crucial When immigration officers review applications, they must be able to fully understand the documents submitted. If your birth certificate, marriage certificate, or bank statement is in another language, it must be translated into the official language of the country you are applying to. Here’s why translations are necessary: Legal clarity: Immigration authorities cannot legally assess documents they don’t understand. Consistency: Translations ensure names, dates, and details match across multiple documents. Compliance: Many countries require certified translations to confirm that translations are accurate and complete. What Are Certified Translations? Not all translations are equal. For immigration, you need certified translations. A certified translation includes: A complete and accurate translation of the original document. A signed statement (certificate of accuracy) by the translator or translation company confirming the translation’s authenticity. Contact details of the translation provider for verification if needed. This certificate is essential because it gives immigration officers confidence that the document is trustworthy and complies with their standards. Common Documents That Require Certified Translations When applying for visas or residency, the following documents are often requested in translated form: Birth certificates Marriage or divorce certificates Death certificates (in cases of dependent claims) Passports and ID cards Academic transcripts and diplomas Criminal record checks Medical records or vaccination certificates Bank statements and tax returns Employment contracts or pay slips Before submitting your application, carefully check the requirements of the immigration authority you are applying to, as these can vary from country to country. How to Handle Certified Translations for Visa Applications If you are preparing for long-term travel or immigration, here’s how to approach the translation process: Identify which documents need translationReview the checklist from the immigration authority. Don’t assume that only personal records need translation—financial and academic documents are often required too. Choose a reliable certified translation providerLook for services that are recognized by immigration authorities. For example, Certling offers certified translations accepted by USCIS in the U.S., UKVI in the U.K., and IRCC in Canada. Submit clear scans or photos of your documentsHigh-quality images prevent errors and ensure no details are missed in the translation. Check turnaround timesVisa applications often have strict deadlines. Many providers offer standard and express delivery options—use express services if you’re short on time. Verify acceptance guaranteesEnsure the translation provider guarantees compliance with immigration authorities. This gives peace of mind if your documents are ever questioned. Innovation in Visa Translations The translation industry has modernized significantly. Companies like Certling use AI and machine vision to analyze documents, count words instantly, and provide transparent per-word pricing. This innovation eliminates overcharging based on per-page pricing models and saves applicants money. Other key advancements include: Selective translation tools: Applicants can exclude unnecessary sections of documents, such as logos or stamps, lowering costs. Secure file handling: Professional providers use encrypted systems and delete documents after delivery to protect your data. Instant online quotes: You can now upload documents and get pricing within seconds, reducing guesswork. FAQs on Visa & Certified Translations Do I always need certified translations for visa applications? Yes, in most cases. Immigration authorities typically require certified translations of any foreign-language documents. Can I translate the documents myself? No. Self-translations are not accepted. Certified translations must come from a qualified translator or company. How long does the process take? This depends on the provider. Standard services may take a few days, while express options can deliver certified translations within 24 hours. What happens if immigration rejects my translation? Reputable companies often provide corrections or revisions free of charge if authorities raise issues. Certling, for example, includes this as part of their service. Are digital copies of certified translations acceptable? Yes, many immigration authorities now accept certified translations in PDF form. However, some may request physical copies, so confirm with your local authority. The Role of Certified Translation Services in Your Journey Securing a visa or residency isn’t just about submitting the right forms. It’s about presenting complete, clear, and compliant documentation. Certified translation is a critical part of this process. Providers like Certling specialize in certified translations for immigration and visa applications. They offer word-based pricing, fast turnaround, and acceptance guarantees for major authorities across the U.S., U.K., Ireland, and Canada. While your focus may be on the exciting parts of long-term travel, taking care of certified translations early ensures your journey won’t be delayed by paperwork. Final Thoughts Navigating the visa application process can be overwhelming, especially when traveling long-term or moving abroad. Certified translations are not just a formality—they are a legal requirement that can significantly affect your success. By understanding what certified translations are, why they matter, and how to get them done correctly, you’ll be better prepared to handle the complexities of immigration paperwork..

READ MORE Aeolian Village Beach Resort

Aeolian Village Beach Resort: The Ultimate Destination For Relaxing Holidays

BY  Arnab Jun 20, 2023

The Aeolian Village Beach resort, located on the western coast of Lesvos, in the village of Skala Eressos, is the go-to destination for holidaymakers worldwide, offering them a carefree, relaxing, dreamy vacation. Among the people who choose the Aeolian Beach Resort for their holidays are families with children, couples, and groups of friends who wish to enjoy an adventure tailored to their needs and preferences. The resort offers an amicable blend of luxury, serenity, and solitude, making their stay there one to remember. Things to do during your stay. A variety of Water and Ground Activities are available for those who seek fun and adventure even when on holiday. For holidaymakers who wish to enjoy amazing water activities - sailing, kayaking, windsurfing, and SUP are available, and for those who prefer to explore the island on two wheels, road cycling, and mountain biking are ideal. Moreover, the Aeolian Village has included tennis lovers on their list of considerations when planning their activities, as not one but three floodlit tennis courts are available, as well as tennis equipment, and a tennis instructor, for those wishing to improve their skills and technique. On the other hand, for those with a more laid-back lifestyle, swimming and sunbathing are the perfect option, as the pool and the private beach are there to offer them relaxing times. There is also an exquisite spa, offering the ones to visit it personal consultations and treatments designed to suit their needs and preferences. What also shouldn't be missed, every September, women from all over the world come together in Skala Eressos for a week-long celebration of music, art, and culture. The International Women's Festival in Skala Eressos features performances by world-renowned musicians and artists, as well as workshops, seminars, and other events focused on promoting women's empowerment and creativity. Located just a short distance from the festival grounds, the Aeolian Village Beach Resort provides the perfect home base for festival-goers looking for comfortable and convenient accommodations. With spacious rooms, beautiful ocean views, and a range of amenities, including multiple swimming pools, tennis courts, and restaurants, the resort has everything you need to relax and recharge between festival events. Additionally, those visiting the hotel with their kids could not be an exception, as having fun is a priority for them. Therefore, plenty of activities are available for them, too, with a kids’ club, swimming pools, and restaurants featuring specially designed kids’ menus that all kids love. During the day, children can spend hours at the kids’ club, where there are games and toys, and do some arts and crafts under the supervision of educated and experienced nannies. If, however, they prefer the outdoors, they can choose from a variety of sports and games at the resort’s premises, or at the beachfront, under the beautiful Greek sun. Different types of accommodation The hotel offers guests different room options to suit their style. Twin-room bedrooms with modern designs are ideal for couples and friends, whereas Studio Suite Bedrooms are suitable for those seeking something a bit more extra and luxurious. The Superior Suites can accommodate up to four persons and are truly elegant and spacious. Moreover, there is also the option of the bungalow Suites, which have a green space outside, which families, in particular, might prefer, as the kids will have some space outside to play before leaving the room. The island of Lesvos Lesvos is the most popular northern Aegean island with amazing sandy beaches, a unique destination for travelers who wish to combine fun and quiet time with their holidays. There are different ways by which you can reach Lesvos island, either by plane or by ferry. The easiest way to reach the island is from Athens. Travelers can choose to fly from Eleftherios Venizelou Airport and arrive at the island one hour later or get a ferry from Piraeus port which departs around 4-5 times a week. During the summer months, the airport gets busy as it receives flights from Heraklion, Rhodes, Samos, Chios, and some European countries like the Netherlands, Belgium, and the UK. There are, of course, also ferries that connect the island, and in this case, the traveling is significantly more inexpensive than a Lesbos flight.  Upon your arrival, you can reach your destination either by taxi or using public transportation on the island. Places to visit in Lesvos Not everyone wishes to lay on a beach and enjoy the sun on their holiday. There are people who wish to explore the area they are visiting and get to know more about the culture, civilization, and history of the place. Lesvos has many delightful places tourists can choose to visit. Among the most popular is the ‘Caste of Molyvos,’ the ‘Petrified Forest of Lesvos,’ the ‘Natural History Museum,’ and ‘Panagia Glykofilousa.’ The most visited beaches are ‘Skala Eressos Beach’ and ‘Agios Isidoros Beach.’ Read Also: Top 12 Montana National Parks You Must Visit In 2023! Best Beaches In Costa Rica For Family Vacation Where To Stay In Key West? – Travel Guide