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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The Great Barrier Island Beach Guide: What Are The Best Beaches On The Great Barrier Island, New Zealand? 

BY  Sibashree Nov 17, 2025

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Aotea Track and Old Lady Track.  Furthermore, it is a must-visit to experience how biosecurity and the endeavors to protect the endangered plants, animals, and birds are essential for the Great Barrier Island.  2. Windy Canyon Windy Canyon and the Palmers Track, which continued from there, is one of the most picturesque hiking routes on the Great Barrier Island.  Along with being the route to Mount Hobson, it is also home to many rare species, such as black petrel and tomtit. Moreover, North Island robins are being reintroduced on this route. So, it is a wholesome hiking and birdwatching experience.  3. Kaitoke Hot Springs The walk to the sulphurous Kaitoke Hot Springs continues along the edge of the Kaitoke Swamp. It is one of the most accessible tracks with pushchairs, and the walk through the ancient shoreline continues through the Kaitoke wetlands and kānuka forest.  Furthermore, the umbrella fern and orchids near the creek keep the path filled with colors. Also, a nature soak after a long beach day feels very refreshing. What Are The Best Conservation And Safety Tips?  Aotea is not just a scenic destination. It’s a culturally rich and ecologically sensitive island with deep Māori heritage and a close-knit community. Respecting local customs and beach etiquette is essential for a positive experience and responsible tourism. 1. Respecting The Maori Heritage And Sacred Sites Avoid trespassing on private land or areas marked as tapu (sacred). Do not touch or move carvings, stones, or natural markers, as they may hold spiritual significance. Ask before photographing people or cultural sites, especially near marae (Māori meeting grounds). Learn basic greetings like “Kia ora” and show appreciation for local stories and traditions. 2. Being Mindful With Pets There are designated on-leash and off-leash areas on the Great Barrier Island, New Zealand. 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Also, you have to ensure that you are not blocking the surfing zones.  Stingrays and Jellyfish are common in the shallow waters of the Tryphena Harbour. So, be careful when swimming.  6. Supporting Local Sustainability Efforts We can support the local economy of the Great Barrier Island by shopping at the shops and businesses owned by the Island. Furthermore, you can protect marine life by wearing a reef-safe sunscreen.  Also, participate in beach cleanups and local cleanup activities. In addition, stick to the water conservation rules of the Great Barrier Island, as the supply of fresh drinking water is limited on the island.  7. Ask, Listen, And Learn You cannot know the Great Barrier Island unless you are talking to the locals. The island is the cradle of the incredible Maori heritage, and it is them who told us about Kupe, the mythical navigator and one of the first people to arrive on the Great Barrier Island.  The Okupu settlement or Ō-Kupe-Mai-Tawhiti is named after him.  8. 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Add to that the rugged landscape and rich flora and fauna of the Great Barrier Island.  Before you plan your trip, you can read this Great Barrier Island beach guide to experience the magic of Aotea.

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BY  Sibashree Jan 27, 2026

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I’d simply ensure I was at the end of the beach facing D’Mall, where there are several restaurants, making it easier to stroll the 500m to D’Mall and return to the main area for activities to enjoy in Boracay with family. 3. Water Activities In Boracay Of course, the primary draws in Boracay relate to the beach and the ocean.  Numerous water activities exist.  The primary activities appear to include island hopping excursions, sunset boat trips, glass-bottomed boat experiences, snorkeling, diving, windsurfing, and kiteboarding, essentially anything related to water! Naturally, there is spending time at the beach. You can rent a boat for a very low price. We completed this task in one day for 1000 pesos in an hour.  It was just a bit more than purchasing a tour and allowed us to choose the timing. S didn’t find this very impressive, likely because she had to sit on netting that was somewhat rough.  They also don’t approach the shore directly, so you have to wade into the water. You can clearly employ them to transport you to any place you prefer. Anyone want a private beach? Here, you can reserve numerous activities in Boracay in advance. 4. Shopping At D’Mall D'Mall is the main shopping district of the island and is truly impressive.  When I learned about it, I pictured many small market stall-like spots, but it's more similar to a large outdoor shopping center featuring small boutiques, trendy eateries, and bars.  In the center, there is a small ferris wheel that is an ideal activity for kids in Boracay.  Numerous massage establishments exist (typically 350 pesos for an hour, comparable prices for manicures and pedicures), excellent restaurants offering various cuisines, trendy bars, and everything required for a pleasant and relaxing experience. We dedicated the majority of our time to eating, swimming in the pool, or playing on the beach. Our primary aim was to unwind and commemorate a significant milestone. Get Your Nails Done Or Have A Massage Doing the nails might not be the initial idea that comes to mind when considering the activities in Boracay, but it certainly was a success for us!  My daughter and I were very pleased to have her nails done. This is another affordable activity in Boracay – it’s a fantastic deal. Best Family Resort In Boracay We suggest utilizing HotelsCombined to discover the top lodging options in Boracay. It displays hotel prices from various booking platforms, allowing you to discover the best offer. Here are some excellent family accommodations in Boracay. 1. Boracay Vacation Resort  We stayed here. We spent roughly $140 per night for a “bachelor pad,” resembling a spacious studio apartment.  The space included a compact kitchen and dining sections, two queen beds, and ample room.  However, they only clean the rooms upon request. So, it can schedule housekeeping at your convenience.  Typically, the cleaners tend to come when the children are asleep. There’s an additional charge for wifi in your room and for gym access.  The hotel features a pool and a children's pool that we enjoyed greatly! We also liked the bar by the pool. We ordered room service a few times.  It was enjoyable and quite affordable. The disadvantage was that this hotel is on the main road, a block away from the beach at Station.  It only took a few minutes to reach the beach (Boracay is small). So, we are close to amenities like the supermarket. 2. Beachcomber Resort Boracay  For those seeking a top-notch resort in Boracay, Philippines that offers value, beachfront access, and is ideal for families, this is an excellent option.  There is a fantastic pool, and it's an excellent family resort in Boracay. Click here for the most recent prices. 3. Shangri-La’s Boracay Resort And Spa  This is a fantastic choice if you desire a beautiful resort located by the shoreline, away from the noise and chaos!  This upscale resort provides outstanding facilities and is probably the top lodging choice on Boracay Island.  Last time we checked, two children under 12 can stay for free as well. Follow this link to see the latest prices. 4. Monaco Suites De Boracay This resort offers breathtaking views and delightful lodgings, featuring one-bedroom suites that deliver plenty of room for families. Click here to see the latest prices.  Food In Boracay Eating was one of my favorite activities in Boracay! There are countless excellent food options – you won't struggle to find something you enjoy.  A variety of distinct cuisines exists. Buffets are great during the evening, and the coastline offers a lot of options.  This was excellent for us since it wasn’t significantly pricier than ordering à la carte, as the kids ate free with the buffets. Interestingly, we both enjoyed our greatest steak ever at what appears to be the finest buffet in Boracay.  It was definitely the most expensive one we encountered, but at under $20 and with free admission for our kids, it was absolutely worth it, and we returned again. We ordered room service and had a picnic by the beach. Everyone was pleased with the meal. Getting Around In Boracay We seldom did anything apart from walking. All we might require is nearby, as we are at Station 2. You can flag down tricycles on the main road for 10 pesos, which we did from time to time. Our stroller was not an issue. You can find information on how to reach Boracay here. We journeyed from Kalibo to Boracay and then from Boracay to Roxas City, continuing on to Iloilo. You can arrange your airport transfers to Boracay in advance here. Keep These Things In Mind Before Your Visit  Everything appears quite inexpensive to us, but we haven't spent a lot of time in other parts of the Philippines so far.  I believe this is likely the best approach, as we might now discover much cheaper options elsewhere, rather than arriving here last and encountering very high prices.  I am aware that we purchased beverages and snacks at the airport for less than at the grocery store here. 1. Accommodation Is Expensive In Boracay  Accommodation is undoubtedly costly.  I searched for the ideal accommodation in Boracay for us. I even cancelled two locations before finally securing the place we chose.  We are investing more in lodging in Boracay than anywhere else, and it is far from being our top hotel. There are definitely less expensive options, but with our children so young, we are quite particular.  Anticipate higher costs here compared to other locations (even though we are currently in peak season, which lasts more than half the year, and the off-season is not ideal for weather). 2. The Supermarkets Have Everything The supermarkets appear to carry nearly everything, including some global items like Weetbix. Regrettably, they lack soy milk.  My son cannot handle dairy, so it’s fortunate that we packed plenty of formula for this exact scenario. Thankfully, there is significantly more formula present here than in Thailand. The laundry was inexpensive and easy to locate. Our nearest one cleans, dries, and folds for under a dollar per kilo. 3. ATMs Can Be A Problem  My main complaint would be the ATMs. As we discovered at the airport, they don’t always function properly.  Following online research, it's common that the maximum withdrawal is 10,000 pesos (almost $250), and standard fees are 200 pesos (around $5). This is lame! Thus, we are utilizing our credit card whenever feasible. All in all, Boracay is amazing!! And receives our collective approval. We feel unhappy about departing. Boracay is an excellent destination for families, offering numerous attractions to explore. You can also learn about traveling to Boracay and explore our other experiences in the Philippines. Also, one of our favorite spots in the Philippines is Bohol. What activities do you enjoy most in Boracay with children? Read Also: What Are The Top Things To Do In Bangkok As Adults? What Are The Top Things To Do In Porto, Portugal? What Are The Things To Do In Valletta?