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 Kenai Fjords National Park

Whales And Sea Lions! Exploring Wildlife At Kenai Fjords National Park 

BY  Sibashree Jul 29, 2024

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You will find humpback whales, sea otters, mountain goats and many species of birds in the National Park.   Designated as a National Park in 1980, Kenai Fjords National Park also protects various archeological and historical remains. The park has many prehistoric, protohistoric, and historic sites.   Archeologists still conduct surveys in this park to learn more about the human way of living and why it has changed over the years.   Also read Things To Do In Rocky Mountains National Park. Top 10 National Parks In Oregon That You Need To Explore In 2023! What Is The Best Time To Visit Glacier National Park? Find The Answer Here!

READ MORE Winter Camping

Winter Camping In Canada: Tips For Cold-Weather Adventures

BY  Arnab Nov 20, 2023

There are many reasons to travel to Canada in winter. You might have heard people immigrating to Canada for business and job purposes. They provide better opportunity for the young generation with better life style. However, if you are focusing on that part, you need immigration advice before you take further steps. You can set off to iconic mountain resorts, visit a Christmas market, or spend time at an ice rink. At the same time, even more adventures await you if you are ready for winter camping.  The list of perfect cold-weather destinations in Canada is simply endless. Snow-covered Banff National Park in Alberta, untouched nature in the Northwest Territories, and mind-blowing Mont-Tremblant in Quebec to name a few. You will certainly appreciate the silent beauty of the snowy forest in February and January, especially at sunset or dawn.  So, it would be great to pick up a car rental in Toronto and go towards a winter fairy tale. 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Using layers correctly allows you to add or subtract layers throughout the day so you feel comfortable no matter what.  Start with wool or synthetic thermal underwear. Also, avoid cotton. Cotton absorbs moisture and loses all its insulating properties when you sweat, making you feel much colder. The job of thermal underwear is to wick sweat away from your body and keep you dry and warm.  Thus, apply insulating layers such as a fleece, light down jacket, or synthetic jacket as your middle layer to help keep you warm. The greater the middle layer retains heat, the better. Finally, cover the previous two layers with a windproof jacket with a waterproof membrane to keep you warm.  The outer layer also serves to remove moisture evaporated from the body. Don't skimp on a high-quality outer layer if you expect to encounter some serious wind and rain. If it doesn’t cope with its functions, you can become seriously hypothermic. 2. Make sure your sleeping bag can handle low temperatures  Canadian winter camping expeditions require a sleeping bag - this is the golden rule for a hassle-free overnight stay. The temperature label on your sleeping bag can be confusing. For example, if your sleeping bag can withstand +5°C, this doesn’t guarantee that you will feel warm at +5°C. The fact is that sleeping bags have two temperature conditions: a temperature at which a tourist should feel comfortable, and a lower temperature limit at which a sleeping man should feel comfortable.  Temperature values are approximate and depend on multiple factors. Just in case, take a sleeping bag rated for temperatures 5–10°C below expected degrees. You can also add an extra blanket over your sleeping bag to help keep you warm. 3. 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This way you will better conserve charge. If your trekking socks are wet, dry them too.  5. Ventilate your tent The only thing worse than waking up frozen on a hike is waking up cold and wet. It may seem counterintuitive, but opening tent windows for cross-ventilation is among the top priority cold-weather camping essentials. How does it work? When warm, moist air in your tent or RV meets cold surfaces such as tent walls or car windows, condensation occurs. Small droplets of water form and everything becomes wet. Therefore, ensure air circulation in your tent and prevent condensation by opening entrances and windows slightly. 6. Warm up before going to sleep Before you go to bed, warm yourself by the fire or take a walk - whatever you can to warm up. Having a warm drink or snack before bed can also help keep you warm since the process of digestion warms you up from the inside. Just try not to sweat. 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This is especially important when traveling in mountainous areas, where rain and snow can make roads impassable. Read Also: Jet-Set In Style: Unveiling The Monos Luggage Collection For Your Next Adventure This Is The Best Time To Visit The Seven Magic Mountains In Vegas! These Are The 30+ Things To Do In Mexico City That You Must Try!

READ MORE Thailand

Treat Yourself To A Wellness Retreat In Thailand

BY  Shahnawaz Feb 1, 2024

While going about our busy modern lives we have a tendency to push ourselves too hard, and then push ourselves some more! We feel we have to in order to keep up with the breakneck pace modern society runs at, as well as to meet all the financial demands it forces on us. It really can get to be too much, and we should remember to take a break once in a while before we suffer a breakdown! But how? Let’s learn more about Thailand’s wellness retreat and how you can satisfy your hunger for traveling. Relaxation Practices To Enjoy In Thailand One of the best possible things we can do for our physical and mental well-being is to go get away from it all, and I mean far away! How far?  Our top recommendation for the ultimate in self-healing and relaxation is for you to experience a wellness retreat in Thailand where you can rejoice and recuperate in peace and serenity while being pampered by the charming staff who know just what you need!  To entice you further, let’s take a look at some of the delights that await you on your personal journey to tranquillity! There is a wellness retreat for any need, so you can pick and choose what suits you the most! Yoga Practise–  Yoga is one of the most popular activities on offer at a wellness retreat, and there are many good reasons why!  This ancient Eastern tradition is quite at home in Thailand, where it is one of the most well-regarded methods for attaining a perfect balance of physical health and mental stability.  Yoga is very popular among world travellers because of a great many healthy effects associated with its practice- here are just a few to consider: Pain Relief – Yoga’s gentle stretching and healing poses are an excellent way to relieve the chronic pain in the back and neck we so often suffer from.  Physique Improvements –  The slow movements and deep breaths that yoga teaches us help to increase the flow of blood and warm up tight muscles, improving our flexibility while simultaneously giving us more stamina and building our strength. Healthy Heart – Practicing yoga has significant beneficial effects on the heart by reducing stress levels and decreasing inflammation. Yoga is a very efficacious tool in the prevention of heart disease. Increased Energy – Yoga gives us a refreshing feeling of increased physical and mental energy, as well as boosting our mood, helping us fight the ravages of stress and depression. Spa Treatments – No wellness retreat would be complete without enjoying the amazing relaxation and sense of well-being that spa treatments can provide! Here are just a couple of the many health-promoting pleasures that await you: Herbal Body Wrap – This soothing experience begins with the body being gently wrapped in towels, followed by a layer of herbal oil-infused linen sheets, topped off by a warm blanket.  As you rest in this heavenly healing wrap, your body will reap the benefits of these medical herbs, so you will emerge feeling refreshed with your energy replenished. Aromatherapy Massage – Of course, traditional Thai massage is rightfully famed as one of the world’s best and most effective examples of this ancient healing art, so take that and add the healing element of essential oils drawn from aromatic herbs to create a truly outstanding spa treatment!  The lovely scents of chamomile, lavender, mint, lemon balm, sage, lemongrass, basil, and more all work alone or together in combination to relax your body and soothe you through your sense of smell.  Tell your therapist what you wish to achieve, and they will provide you with the scent that fits you the best! Weight Management Program –  What better way to manage your weight than to do it while enjoying the peace and privacy that a wellness retreat provides? Here are some of the tried and true methods the weight management experts at your wellness retreat will treat you to: Healthy Menu –  Everybody hates to go on a diet, but you will hardly know you are on one thanks to the delicious, health-conscious menu of traditional Thai food that awaits you! You will feel fulfilled as you enjoy the great taste of these wonderful dishes, which will help you decrease that unwanted extra weight naturally! Physical Fitness Fun –  Why should exercise be drudgery? You will be able to engage in a variety of fun physical fitness techniques like beach volleyball, hiking, and swimming! Feeling great and getting fit has never been this fun! Reasons To Delve Into A Wellness Retreat In Thailand Now that we know the different ways to dive into Thailand’s wellness retreats, check out some reasons to do so. From physical to mental well-being, these relaxing spaces often immerse you in a different space.  Tranquil Beauty of Thailand Is there any question about the natural backdrop of Thailand? It is simply mesmerizing. Who doesn’t love to wake up to the pleasing sound of waves crashing to the coasts?  The best part about spending your resources on wellness retreats is that they give you a great sense of the tropical climate. You can exercise outdoor yoga that will strengthen your bond with the outside world.  Conventional Yoga Experiences Thailand offers you a surreal yoga experience that you get nowhere else. Due to its age-old tradition, the nation has been attracting people from all over the world.  With the help of experienced yoga teachers, you can learn multiple asanas that calm both the human body and mind. Skilled instructors help you learn different breathing exercises and meditation.  Holistic Wellness Retreats also offer comprehensive health experiences that nurture your spirit, mind, and body. Different activities like yoga and meditation will attract you to the country.  Daily meditation sessions, Thai massages, healthy meals, and Ayurvedic treatments promote renewal and self-care. So, if you want comprehensive care of your body, you shouldn’t miss this out! The Bottom Line The Global Wellness Institute lists Thailand as one of the best destinations for wellness retreats.  Thailand’s mild climate and easy-going people make it the perfect destination for anyone who needs to really get away from it all and treat themselves to some healthy me-time!  Don’t wait any longer; pack your bags and come visit us here in Thailand today; we guarantee you won’t just feel better; you will feel fantastic! 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