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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READ MORE Great Barrier Island hiking trails

What Are The Best Great Barrier Island Hiking Trails? An Ultimate Guide To Hiking Trails On Aotea Great Barrier Island

BY  Sibashree Nov 7, 2025

Hiking the Aotea Track up to the summit view of the Hirakimata Peak was one of the most rewarding experiences I had on the Great Barrier Island. The view after reaching the top took all our fatigue away.  However, the Great Barrier hiking trails are not just about panoramic summits. Hiking here also means walking along the rugged coastline, through the native forests, and to the geothermal springs. To cut a long story short, the best hikes on Aotea Great Barrier Island, New Zealand are the best routes for exploring its dramatic island.  Furthermore, you can be a beginner or a seasoned hiker. Great Barrier Island has trails that can accommodate all. So, this guide is about the trails you can explore for the perfect eco adventure. Why Is The Great Barrier Island A Hiker’s Paradise?  Cultural exploration, stargazing, off-grid living, exploring the biodiversity of the island, and the dramatic geothermal features make the Great Barrier Island a hiker’s paradise.  1. 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You have to climb up the steps through rock walls, which look dramatic thanks to the rampage of the ancient force of nature.  As you reach the top of the canyon, you will see the wonderful views of the Okiwi Basin, Whangapoua Beach, Medlands Beaches, and Kaitoke.  5. Palmers Track After completing the Windy Canyon Track hike, you can continue on the Palmers Track. Here you will walk along the steep ridgeline, and it is the shortest route to Mount Hobson.  Furthermore, on your way, you will spot the endemic kānuka plants, and the wooden horse here is a telltale of the logging history of the island.  6. Harataonga Coastal Walk It is one of the easiest hiking trails in Harataonga. It is associated with the history of transportation on the island, as it used to be the connecting route between the northern and southern parts of the island.  7. Warren’s Track It is a beautiful hike to a waterfall with a gently graded climb. 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Glenfern Sanctuary Tours The Guided Loop Track tour of Glenfern Sanctuary is an amazing experience as you walk through the native bush. Here, you will spot the magnificent kauri tree and the resident black petrel.  The tour is 1 hour and 30 minutes, and a group must have at least five members. The tour's charges are $50 per person.  2. Māori Cultural Tours Whangaparapara Harbour Historic Treks, Harataonga, and Aotea Track are some of the best hiking trails to learn about authentic Māori culture and tradition.  The Whangaparapara Harbour Historic Treks take you to places of Kauri logging and whaling in ancient times. On the other hand, at the Harataonga DOC Campsite, you will find the old settlement sites of the Māori tribe.  Moreover, the Aotea Track has Māori archaeological sites, and Hirakimata Peak itself reflects local Māori spiritual beliefs and significance.  Where To Stay Near The Best Great Barrier Island Hiking Trails?  DOC huts, eco-lodges, hostels, and camping are the best accommodation options near the best Great Barrier Island hiking trails.  Trail NameNearby AccomodationAotea Track• Mt. Heale DOC Hut• Kaiaraara DOC HutKaitoke Hot Springs• Barrier Beach Cottage• Wiltshire ManorWindy Canyon• Aotea LodgeHarataonga Coastal Walk• Tipi and Bob's Waterfront LodgePalmers Track• Tipi and Bob's Waterfront LodgeWarren’s Track• Medlands Beach Backpackers and VillasWhangapoua Beach Walk• Aotea LodgeGlenfern Sanctuary• Glenfern Sanctuary Things You Don’t Know About The Great Barrier Island Hiking Trails: (Unearthing The Secrets) From housing, the only multi-day hike in Auckland, to being the home to many endangered species, the Great Barrier Island has many secrets to share.  1. Aotea Track: The Only Multi-Day Hike On The Island The 25–30 km loop of the Aotea Track is the only multi-day hiking track in the Auckland region. It passes through volcanic terrain, native bush, and summit views.  It’s a rare wilderness experience so close to a major city.  2. You Can Rejuvenate And Soak In Hot Springs In The Middle Of A Hike As you walk through the Kaitoke Hot Springs track, you will find geothermal pools, offering you a natural spa experience.  These pools, hidden in bushes and set in an underdeveloped setting, offer the purest connection to nature.  3. The Summit Of Mt Hobson Is A Breeding Ground For An Endangered Seabird Black petrel (tāiko) is one of the rarest seabirds of New Zealand. Hirakimatā / Mt Hobson is the home ground of these birds.  So, hikers have to continue on the boardwalks to protect the nesting areas of the birds.  4. The Island Is Free Of Possums, Stoats, And Deer Because the Great Barrier Island is free of Possums, Stoats, And Deer, you will be able to spot more birds such as kākā, kākāriki, and pāteke, and different types of wildlife.  5. You Can Hike Along Historic Logging Tramlines Some parts of the Aotea Track pass through the old tramlines used during the kauri logging era. In these pockets, you will find the ruins of machinery and dams that were used in carrying the logs.  6. The Island’s Trails Pass Through Regenerating Forests Much of the forest you hike through is regrowth from early 20th-century logging, dominated by manuka and kanuka, with pockets of ancient kauri, rimu, and kahikatea still surviving. 7. There’s a Track Named After A Gold Prospecting Legend The Te Ahumata Track to the White Cliffs was a popular site of gold prospecting. The locals still believe that gold may be hidden in the mountain. Thus, the hike has an element of myth.  8. The Island Has A Rare Endemic Plant: The Great Barrier Tree Daisy On many trails of the Great Barrier Island, especially on the Mt Heale Hut route, you will find the endemic species of the Great Barrier Tree Daisy.  This plant grows nowhere else in the world.  9. You Can Build Your Own Loop Adventure You can customize your Aotea Track hiking route based on your interests and fitness level. It has feeder tracks such as: Palmers Track Peach Tree Track Tramline Track 10. The Island’s Māori Name Means “Light Striking the Cliff” The Great Barrier Island has geological and spiritual significance in the Māori tradition. Mount Hobson is called Hirakimatā in the Māori language.  It means the “lightning striking the cliff face.” Great Barrier Island Hiking Trails: Frequently Asked Questions (FAQs) Here are the frequently asked questions and answers about the Great Barrier Island hiking trails.  1. Do I Need A Permit To Hike On The Great Barrier Island? No, if you are on a day trek on any Great Barrier Island trail, you do not need a permit. However, if you are trekking the Aotea Trail, you will need to book the huts of the Department of Conservation well in advance. You can contact the booking office at +64 7 867 9080 or the DOC Customer Service Centre at 0800 275 362. The last time I checked, the huts were under maintenance. So, confirm the availability of these huts.  2. Is It Safe To Hike Solo On Great Barrier Island? Yes, hiking solo is safe on the Great Barrier Island trails. However, the trails are in remote locations, and mobile coverage is limited in these areas. So, you must keep someone informed about your hike, and carry a Personal Locator Beacon (PLB) and an offline map.  3. Are Dogs Allowed On Hiking Trails? No, dogs and pets are not allowed on the hiking trails on Great Barrier Island. The trails here are ideal for wildlife spotting. So, dogs are not allowed on these tracks to protect native wildlife. In addition, dogs are not allowed on these trails to prevent the spread of kauri dieback disease. 4. How To Reach The Great Barrier Island From Auckland? Taking a flight is the easiest option to reach the Great Barrier Island from Auckland. Barrier Air operates this flight service from the Auckland Domestic Terminal to the Claris Airport. Also, you can take a Sealink ferry from Auckland’s Wynyard Wharf to Tryphena. It is an unforgettable journey of 4.5 hours.

READ MORE Luxury Villas

Luxury Villas In 2023: What You Need To Know

BY  Arnab Jun 26, 2023

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Learn All About the Best Solo Trip in India Right Here! 

BY  sagnika Mar 22, 2025

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So, let’s go on a solo trip in India to explore the beaches and enjoy the beautiful sunrises, sunsets, palm trees, wide expanse of water and so much more. If you are a national of India, you can visit the places to travel without a passport!   Pondicherry   If you are planning a solo trip in India, Pondicherry is one of the best options for you. Offering the unique combination of Indian and French culture, you will find Pondicherry as the best of both worlds.   Called the “French Riviera of the East” Pondicherry flaunts a serene atmosphere with beautiful beaches and colonial architecture. There are colorful houses with beautiful bougainvillea plants adorning the walls, a perfect spot for your solo trip picture, don’t you think?   Goa   Another place in India, Goa is a mixture of two cultures, Portuguese and Indian offers one of the best tourist experiences. As a solo traveler, it is one of the most popular destinations in India for its bustling nightlife, parties, serene beach life, delicious Goan delicacies and drinks.   Varkala   Known for its stunning sunsets, Varkala is in Kerala! When you are going on a solo trip in India, if you want cliffs, palm trees, and red sky, this is it for you. Whichever beaches you visit, you will see the red skies in the evening creating a beautiful view for you.   Additionally, if you are a spiritual person, Varkala for you is not just a cultural hub but also filled with temples. One such place is the pilgrimage site for Vishnu, Janardanaswamy Temple, and the Sivagiri Mutt monument for the social reformer, Sree Narayana Garu.   Culture Seeker Solo Traveler   India is a powerhouse of culture so if you are craving a cultural dose, these are the places for your solo trip in India. I have visited these places for their architecture, telling stories of the past, be it some ancient dynasty or the colonial transformations.   Hampi   A treasure trove, Hampi is a place in India that has several historical ruins speaking of the Indian culture. Visit this UNESCO World Heritage site situated along the Tungabhadra River to enjoy the immersive experience.   The capital of the Vijayanagara Empire, Hampi was abandoned in 1565, thus leaving ruins in its wake. As a history buff and diverse culture lover, I loved learning about the place, its palaces, temples and forts, most of them broken.   Varanasi   The spiritual city of India, Varanasi is the home of Shri Kashi Vishwanath, Lord Shiva where all goes to offer prayers. Often, people who are closer to death wish to visit the city to spend their last days of life.   With the ancient ghats and temples, you will experience some of the most beautiful and spiritual callings in your heart. You should not miss the mesmerizing Ganga aarti, a ceremony to worship the holy river Ganges. It is a grand affair with several priests worshipping using fire, incense sticks, flowers and other auspicious things.   Jaipur   When I went to Jaipur on a solo trip, my eyes took time to adjust to the vibrant hues of the place. Just like vibrant clothing, the culture is also vibrant as you will see people, quite funny and helpful. It is better to travel to these places with cash but if you do carry the best travel credit card, try to safeguard it!   The bustling markets offer different types of clothing along with the availability of delicious cuisine. Called the Pink City, Jaipur has historical palaces and forts, ancient stories of Kings and their practices, now shared by the people and the guides when you take a tour of the city.   Adventurer Solo Traveler   As an adventurer myself, solo traveling is one of the coolest experiences an individual can ever experience. So, what’s more? Check out these places that will bring the beauty of    Ladakh   Warm welcoming people in Ladakh offer you some of the best services to solo backpackers. If you are seeking peace and adventure together, let’s go to Ladakh with its winding roads, high-altitude passes, and snow-capped peaks.   The stunning landscapes will steal your breath away. As an adventurer, I am sure you will not be looking for leisure and luxury in Ladakh. Ultimately, it is perfect for a solo trip for mountain lovers!   Rishikesh   Known as the “yoga capital of India”, this is a popular destination for all who seek adventure and spiritual calling together. I would suggest going to Rishikesh if you have river rafting on your bucket list (approximately Rs. 600 to Rs. 2500 per person) and bungee jumping (approximately, Rs. 3700 per person).   For your spiritual calling, yoga retreats are there offering you panoramic views of the majestic Himalayas. Let's not forget the delicious local cuisine that is so affordable that your solo trip will be fun apart from being super affordable.   Manali   Are you too tired of your everyday corporate life? Want to escape to the hills soon? What better place than Manali for a solo trip? There are so many opportunities for a solo traveler in Manali, starting from river rafting, trekking and others.   As an adventurous explorer, you can go across several trails going zigzag in the Himalayas. Additionally, exploring the place will be perfect for your solo trip in India.   Let’s Go, Wanderer...   In conclusion, a solo trip in India encompasses various places, some of them better than others. You must visit the places described in this blog so that you can plan your trip accordingly. Plus, these places bring you some of the best memories in your life.   Comment below to let us know which of the locations in India is one of the best. Keep traveling and make memories while traveling solo.  Also read Top 10 Most Popular Paraguay Food That You Must Try. Top 13+ Famous Wonders Of India That You Must Visit.