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  Ankita Jan 30, 2024

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Free And Cheap Things To Do In Phoenix, Arizona | Phoenix Travel Guide On A Shoestring

BY  Sibashree Nov 21, 2024

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What Are The Best Places To Visit In December In The USA? Vote For Your Favorite

BY  Sibashree Oct 14, 2025

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Warm Escapes Hawaii and Florida will be the best places to visit in the USA if you want to enjoy the ultimate tropical experience in the mainland of the USA. However, you can also explore the appeal of the Caribbean destinations such as the U.S. Virgin Islands and Puerto Rico.  • Maui, Hawaii Temperature: 18-29 °Celsius December marks the beginning of the whale watching season in Maui. Snorkeling at Molokini Crater is another major attraction in Maui.  Furthermore, to soak in the festive spirit, be a part of the Festive Luau and cherish Hawaiian cuisine.  • Oʻahu, Hawaii Temperature: 20-28 °Celsius The Honolulu City Lights festival is the main attraction in Oʻahu in December. Furthermore, the Christmas Eve cruises and beach meals are the best things to try in Oʻahu, Hawaii.  • Miami, Florida Temperature: 17-25 °Celsius The Bayfront Holiday Village is the epicenter of Christmas festivities in Miami, Florida. It has an ice skating rink and a Ferris wheel ride that offers an amazing view of the surroundings.  Pinecrest Gardens, especially the Banyan Bowl, is another major Christmas attraction in Miami.  • St. Augustine, Florida Temperature: 9-20 °Celsius St. Augustine’s Nights of the Lights is one of the oldest Christmas festivities in St. Augustine, Florida. With three million white lights illuminating the city during Christmas, National Geographic already named Nights of Lights one of the “10 Most dazzling light displays” in the world.  Furthermore, Booking.com has named St. Augustine as one of the “World’s Most Welcoming Cities” in 2025. For the 2025-2026 Christmas celebration, Pinkmas again returns to St. Augustine to build on the success of 2024. • The Florida Keys, Florida Temperature: 10-24 °Celsius Florida Key West gets ready for the Christmas season with the Key West Holiday Parade. Furthermore, the Winter Wonderland is a major attraction with snow showers and an ice skating rink.  • U.S. Virgin Islands Temperature: 20-27 °Celsius Along with the Christmas festivities, the U.S. Virgin Islands is now gearing up for the announcement of the Department of Tourism and the Division of Festivals regarding the St. Croix Crucian Christmas Festival.  It will start from 26th December 2025 and continue till 3rd January 2026.  • Puerto Rico Temperature: 20-29 °Celsius Puerto Rico has the longest holiday season, with the holidays continuing from November to mid-January. Nochebuena or Christmas Eve is the highlight of the Christmas celebration here. It is an occasion to feast on traditional delicacies such as arroz con gandules with family.  Furthermore, Parrandas, or the Christmas caroling from one house to another, is an experience. 2. Mild Weather Conditions From the official Christmas Town of the USA to the Christmas Capital of the Pacific Northwest, these are the places to visit in the USA for mild weather conditions.  • Leavenworth, WA Nights of Lights is one of the oldest Christmas festivities in St. Augustine, Florida. Temperature: 1 to 4 °Celsius Leavenworth is the Christmas Capital of the Pacific Northwest, and in December, it bustles with energy with German-style markets.  Furthermore, the Bavarian charm of Leavenworth stands out with more than 500,000 lights illuminating the city.  • Bethlehem, PA Temperature: 7 to 14 °Celsius The historic Moravian district of Bethlehem City is the ideal zone to enjoy a walk during Christmas.  Also, the Christkindlmarkts or the German-style Christmas open markets are the main tourist attractions in Bethlehem, PA.  3. Snowy Destinations December is the month of snow and chill in various parts of the USA. 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These cities are ideal for enjoying Christmas festivities and decent weather conditions.  • New York City Temperature: 1-8 °Celsius The Rockefeller Center, Central Park, and the 5th Avenue in New York City are some of the busiest destinations in New York City during the month of December.  Furthermore, the Radio City Christmas Spectacular from November to January is another major reason for visiting New York City in December. • New Orleans Temperature: 9-17 °Celsius New Orleans is one of the most Christmassy places to visit in December in the USA, and is a close second to Bethlehem in Pennsylvania.  It is so popular for its unique Christmas traditions.  New Orleans Christmas TraditionsDetails Krewe of Jingle ParadeThe Christmas Parade Version of Mardi GrasLUNA Fête at the Convention Center Pedestrian ParkArt Show of High-tech Light InstallationsCelebration in the Oaks in City ParkDecorating with Millions of LightsBonfires on the LeveeA Cajun Tradition of Lighting Bonfires on the Mississippi River Levee on Christmas Eve to Guide Santa Claus 5. Offbeat Locations If You Do Not Want To Visit The Popular Favorites If you are looking for something less touristy this Christmas, Alamosa and Phoenix are two hidden gems you cannot miss.  • Alamosa, Colorado Temperature: -18 to 1.5 °Celsius Alamosa is gearing up for the 15th Christmas Light Parade this year. Furthermore, the winter season is the ideal time to take a bath in the hot springs of Alamosa, such as the Sand Dunes Recreation hot springs.  • Phoenix, AZ Temperature: 7-19 °Celsius Phoenix will be the go-to destination for all the Shane Gillis fans this December. This celebrated comedian will perform at the PHX Arena on 5th December.  Furthermore, it is the ideal time to trek through the trails of Camelback Mountain.  6. Budget Locations Traveling to the USA this December on a budget? Here are the beautiful locations you can visit.  • Asheville, NC Temperature: 0-11 °Celsius View this post on Instagram A post shared by RomanticAsheville (@romanticasheville) Blessed by the Blue Ridge Mountains and their snowy peaks, Asheville in North Carolina is a winter wonderland. It is also home to the Biltmore Estate, the largest privately owned property in America. It is decorated with lights for Christmas.  • Charleston, SC Temperature: 10-25 °Celsius View this post on Instagram A post shared by Official Account of Charleston (@charlestonsc) The Holiday Parade of Boats and Holiday Festival of Lights are two of the biggest attractions in Charleston in December.  Furthermore, the Charleston City Market is fun to explore, with Charleston having fewer crowds in December.  Along with these, you can also pick your favorite based on the best places to visit during early December and late December or during the Christmas days.  Places to Visit in the USA in Early DecemberPlaces to Visit in the USA in Late December• Leavenworth, Washington• New York City• Las Vegas, Nevada• San Diego California• Bethlehem, Pennsylvania• Frankenmuth, Michigan The places to visit in the USA in Late December are also the most Christmassy destinations in the country.  The Best Places To Visit In December In The USA: How A 7-Day Itinerary Will Look Like? From arriving in New York City to spending beach days in Hawaii, this is how your 7-day itinerary of December holidays in the USA will look.  DaysLocationActivitiesInsider Tip Day 1New York City• Visiting the Christmas Tree and Fun at the Ice Skating Rink at the Rockefeller Center• Exploring the Bryant Park Winter Village and its beautiful Christmas Markets• Watching a Broadway show in the evening and taking a stroll of the 5th AvenuePlan Your Stay at Midtown ManhattanBook the Slot for Your Ice Skating Rink in AdvanceDay 2Asheville, North Carolina• Take a Morning Flight to Asheville from New York City via Charlotte. • Explore the River Arts District to have the best coffee and find local crafts. • Visit the Biltmore Estate, turning into a Christmas Wonderland in December.• Enjoy the local brews and live jazz music in the evening. Find a Cozy Cabin in the Blue Ridge Mountains for the Most Romantic Experience.Day 3Charleston, South Carolina• Drive for 4.5 hours or take a short flight from Asheville to Charleston. • Explore Rainbow Row, King Street, and The Battery.• In the evening, visit the historic James Island County Park’s Festival of Lights. Plan a stay in a boutique hotel in the Historic District. Day 4Miami, Florida• Fly to Miami for 2 Hours• Spend the morning at South Beach.• Visit Little Havana for the best Cuban food and coffee.• Enjoy a sunset cruise in the Biscayne Bay.Explore and book the transportation options well in advance, as the public transportation options are limited. Day 5Florida Keys• Drive through the Overseas Highway for 2.5 hours to reach the Florida Keys from Miami. • Stop at Key Largo for photos.• Visit the Ernest Hemingway Home in Key West. Find an accommodation in Key West. Day 6Aspen, Colorado• Fly to Aspen from Florida via Denver. • Enjoy snowboarding and skiing at Aspen Snowmass. Don’t miss the best hot chocolate and cocktails served at the mountain lodges here. Day 7Oʻahu, Hawaii• Take an overnight flight to Honolulu.• Explore Diamond Head Crater and Waikiki Beach.• Relax at Hanauma Bay in the afternoon.• End your day with a luau dinner. Larger crowds and higher prices are a concern while visiting Oʻahu in December. So, make your bookings early.  Things To Keep In Mind For A Trip To The USA In December First of all, don’t rush! You don’t have to cover all the places and touch upon all the landmarks.  1. Spend Some Time In The Places You Visit  You must take it slow to connect to local people and soak in the unique charm of the place you are visiting.  For example, Bethlehem in Pennsylvania is known as the Christmas City of the USA. You can spend a good 3-4 days here, exploring its history, German-inspired traditions, and the open-air Christmas markets or Christkindlmarkts.  2. Consider Advanced Booking And Registration  Furthermore, when you are going to places such as Yosemite National Park and Zion National Park in December, you will need a reservation. This is essential considering the increase in visitors in December and the road blockage/accessibility due to snowfall.  However, advanced booking will also be required for museums such as the Georgia O’Keeffe Museum in Santa Fe. These tickets get sold out daily. 3. Monday Blue Is Real In The USA  Many places in states such as Arizona and Texas remain closed on Mondays. Furthermore, many popular restaurants may not offer full-fledged services until midweek.  What Are The Best Places To Visit In December In The USA? Frequently Asked Questions (FAQs) Here are the frequently asked questions and answers about the best places to visit in December in the USA.  1. Where Is It Cheap To Fly In December? Major cities such as New York, Chicago, and Atlanta are cheap to fly to in December. Furthermore, warm weather destinations such as California and Florida are also cheap to fly to in the month of December. Furthermore, you can book a flight ticket on Tuesdays and Wednesdays, or make the booking at least 2 months in advance to get the best deals.  2. What US State Has The Best Weather In December? Hawaii and Florida have the best weather in the USA in December. These two locations are sunny and cheap in December, with places such as Maui and the Florida Keys being the main attractions. Hawaii has an average of 20 to 25 degrees Celsius, and Florida has an average temperature of 15 to 24 degrees Celsius in December.  3. Where Is The Best Place In America To Spend Christmas? Bethlehem, Pennsylvania, is the best place in America for Christmas. Known as the Christmas City of the USA, Bethlehem was founded in 1741 on Christmas Eve. Furthermore, in 1747, the first Christmas Tree in the USA was recorded. Further, Bethlehem stands out with its old-world charm and unique architecture. Moreover, you can explore the open-air Christmas markets here.