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 Tokyo to Hokkaido

Tokyo To Hokkaido Distance: Know About Various Modes Of Transportation

BY  Sibashree May 17, 2025

Japan will have already exceeded the 10 million visitor mark by April 2025. The number is 10.54 million, specifically, as the Japan National Tourism Organization (JNTO) data states.  JNTO had also stated earlier that 2024 was the year of the highest tourist footfall, with the number shooting up to 36.8 million.  Now, Tokyo, as the cultural, economic, and commercial epicentre of Japan, is, of course, experiencing the most tourism boom.  However, around 1300 km apart, Hokkaido also contributes to the country's tourism growth.  So, this time, we decided to make a Tokyo to Hokkaido journey, and our Tour and Travel blog has all the details as always! What Is The Tokyo To Hokkaido Distance? The distance between Tokyo and Hokkaido is 1,281.5 km. Traveling this distance by car takes around 20 hours.  However, taking a flight or a bullet train is the best option for traveling between these two destinations.  What Is A Good Month To Visit Hokkaido? Hokkaido is a year-round travel destination. 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Road Trip From Tokyo To Hokkaido Duration: 20-23 Hours Cost: 15000 Japanese Yen for Tolls, 15000-26000 Japanese Yen for Ferries, and Car Rental Route: Tokyo, Aomori City, Hakodate, Sapporo Best for: Travelers Willing to Explore the Tohoku Region and other Areas A car trip from Tokyo to Hokkaido is a lifetime experience. However, the journey also consists of various stages. Driving from Tokyo to Aomori City Ferry Ride from Aomori to Hakodate or Tomakomai Driving to Sapporo Tokyo To Hokkaido Journey: Places To Visit There are multiple places to visit during the Tokyo to Hokkaido journey. Let me briefly introduce these stopovers to you.  • Otaru Otaru basks in its unique charm as a port city. You will see historical canals and old warehouses here.  It also has many sushi bars if you want to try the best of Japanese flavors.  • Sapporo Sapporo has a palpable urban energy as the capital of the Hokkaido region. However, it is also the gateway to the Northeastern mountains.  • Hakodate It is a coastal city located at Hokkaido’s southwestern tip. It is often referred to as the gateway between Hokkaido and Honshu.  • Tohoku Region The Tohoku Region has historical attractions like Sendai. The Aomori prefecture is a cultural hub of the region.  However, for me, Kakunodate is the most fascinating place here. It is well-preserved, and this feudal town is home to Samurai residences.  • Shiretoko National Park Shiretoko National Park is a UNESCO World Heritage Site. It is known for its colorful wildlife and pristine ambiance.  • Daisetsuzan National Park It is the largest national park in Hokkaido. With its diverse landscape and trails, it is a favorite of hikers.  Lake Toya, Nikko, Furano and Biei, and Lake Akan are other popular places to visit on the Tokyo to Hokkaido journey. Tokyo To Hokkaido: Where To Eat?  If you love ramen and soup curries, the Tokyo to Hokkaido journey will be the ultimate gastronomic delight. You cannot miss the seafood, grilled lamb, or Jingisukan.  Further, Aomori and Sendai will be your stopovers on the route. These cities in the Tohoku region are known for their regional delicacies such as Kiritanpo Hot Pot, Hachinohe Senbei Soup, and Kitakata Ramen.  See why we all prefer bullet train rides over flights! 😋😋😋😋😋😋 Further, once you reach Sapporo in Hokkaido, your choices will be as vivid as they can get.  Sapporo DelicaciesWhy So Special?Sapporo RamenThick noodlesRich brothDiverse in toppingsJingisukanSignature-style grilled lambTastes amazing with beerSoup CurryA flavor bomb with a fusion of Indian and Japanese flavors. Fresh SeafoodSushiNemuro Hanamaru and other crab delicaciesSteak or YakinikuSignature Hokkaido-style grilled beefSweetsYogurts ParfaitMango Parfait Is Hokkaido Worth Visiting? Yes, Hokkaido is a place worth visiting. It is a melting pot of unique cultures, outdoor activities, and natural wonders. Also, Hokkaido has some real surprises for Murakami fans, and I will spill the beans if you are not already aware! First, have a look at the table below for a sneak peek into why Hokkaido is so popular among tourists. Reasons Why You Must Visit HokkaidoThe HighlightsCultural and Historical Experiences• Hakodate Historical Town• Onsen culture or hot spring experiences in Noboribetsu• Exploring the indigenous Ainu Culture at Lake AkanGastronomic delight• Fresh seafood at the Sapporo fish market• Trying Sapporo ramen, soup, and dairy products**• Exploring Ramen Alley or Ganso Ramen Yokocho in the Susukino nightlife area(It is the birthplace of miso ramen.)Exploring Wildlife• A visit to the Shiretoko National Park• Spotting bears, deer, and foxesDiverse Landscapes• Mountains such as Asahi-dake, Mount Rausu, etc. • Forest areas such as Mt. Daisetsu and the Hidaka Mountains• Hokkaido is home to 22% of the entire forest land in Japan. • Beaches in Hokkaido, such as Otsu Beach, Shimamui Beach and Aso Beach Ishikari• Volcanic areas such as the Akan Volcanic Complex, Shikotsu-Toya National Park, and Daisetsuzan Volcanic GroupWinter Sports• Skiing• SnowboardingSummer Outdoor Activities• Biking• Hiking• Cycling ** Hokkaido is world-famous for its milk and dairy products. Hokkaido milk is creamy, rich, and full-bodied. It has been a favorite among chefs and connoisseurs since the 19th century after the western farming technique became popular in Japan.** Why Is Hokkaido A Murakami Lover’s Dream Destination? Have you heard of the Matsuyama Farm, located in the remote north of Hokkaido? It is an annual meeting ground for Murakami lovers from all corners of the world.  Further, Hokkaido is THE LOCATION of the Oscar-winning film Drive My Car. 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If you want to travel quickly, you must take a Tokyo to Sapporo flight, which will take around 1 hour and 35 minutes. New Chitose Airport near Sapporo serves as the key entry point. On the other hand, if you want a more scenic experience, you can take a two-stage train journey.Bullet train or Shinkansen from Tokyo to Shin-Hakodate-HokutoLimited express train from Shin-Hakodate-Hokuto to SapporoThe total journey will take around 7.5 hours. How Long Is A Flight From Tokyo to Hokkaido? The flight from Tokyo to Sapporo in Hokkaido takes from 1 hour 20 minutes to 1 hour 40 minutes. It is one of the busiest air routes in the world, and hence, you will get many flight options. 

READ MORE Sky Harbor

Sky Harbor Airport Parking Made Easy: Insider Tips For A Smooth Journey

BY  Arnab Jul 3, 2023

Welcome to On Air Parking! We understand that finding affordable and convenient parking can be a stressful experience for travelers. That's why we've taken the hassle out of the process by finding the perfect parking spots in Sky Harbor, Phoenix AZ. Our goal is to make your travel experience as smooth and stress-free as possible. By providing affordable parking options near popular travel destinations, we aim to help you save money and time so you can focus on enjoying your trip. We know that parking can be a major headache, especially in busy cities. That's why we've partnered with trusted parking providers to ensure that you have access to safe and secure parking facilities. Our team has done the research and legwork to find the best parking options in Phoenix, so you can rest assured that your vehicle is in good hands while you're away. Don't let the stress of finding parking ruin your travel plans. With On Air Parking, you can book your parking spot in advance and arrive at your destination knowing that your parking is taken care of. We're here to make your travel experience as seamless as possible, so you can focus on creating lasting memories. It is important to note that On Air Parking is not a physical parking lot. On Air Parking is an online service that helps travelers find the perfect parking spots for all destinations. Whether it be airport parking, city parking, or long-term, and short-term parking, On Air Parking delivers the best solutions to your parking needs. Today we will be exploring the safest, most cost-friendly, most reliable, and most accessible parking options at Sky Harbor Airport, Phoenix AZ. Tips for a Smooth Journey Traveling can be a stressful experience, especially when it comes to finding parking. For those heading to Sky Harbor Airport in Phoenix, AZ, the search for affordable parking can be overwhelming. 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Feel free to follow this link: Sky Harbor Airport Parking, and view the reviews that happy travelers have posted about this parking spot that On Air Parking has found for them. In addition to these tips, On Air Parking also offers affordable rates that are significantly lower than what you would pay if you waited to find parking on the day of arrival. This means that you can save money while still enjoying the convenience of being close to the airport. Overall, the tips provided by On Air Parking make finding affordable parking near and around Sky Harbor Airport a breeze. By booking your reservation in advance, finding the perfect spot on their website, and letting them handle the stressful job of finding parking for you, you can enjoy a stress-free travel experience. So next time you're heading to Sky Harbor Airport, check out On Air Parking for all your parking needs. 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READ MORE Group Travel In Lincoln

Your Complete Guide To Group Travel In Lincoln

BY  Sibashree Oct 3, 2025

Lincoln offers a unique blend of the past and the future.  Visitors can find high-rise buildings as well as sophisticated old architecture. The city offers everything, including the magnificent cathedral, to the cobbled streets of the historic Bailgate. The city also offers some of the most mesmerizing collections at the Museum of Collections. Moreover, tourists of all kinds equally enjoy visiting the place. Families and solo travellers equally enjoy visiting the place. In addition, the city offers the best parking facilities, the best transportation options, and several other amenities. So, up for a group travel in Lincoln? Understanding Your Group Transport Options Group Travel in Lincoln involves selecting the ideal type of transportation. Moreover, the travel arrangements depend on the number of people traveling with you. Travellers should choose the ideal vehicle for their trip based on their group size and destination. Smaller groups like 8-16 people should go for mini buses. 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Moreover, satellite navigation systems often overlook details. Satellite navigation systems often suggest inappropriate routes through pedestrianized zones or streets that are too narrow for larger vehicles. Popular Lincoln Destinations Perfect For Group Visits Here are some of the places that travellers should consider visiting during their Group Travel in Lincoln. 1. Lincoln Cathedral And Castle The twin jewels of Lincoln's Uphill area, the Cathedral and Castle, welcome thousands of group visitors annually.  Thousands of group visitors annually visit the twin jewels of the Lincoln Uphill area. Moreover, the cathedral provides people with a 900-year history. Tourists also visit the adjacent Lincoln Castle, which houses an original Magna Carta. Furthermore, tourists experience walking the medieval walls for panoramic city views Group visits here benefit enormously from coordinated arrival. Moreover, Cathedral and Castle tours operate on a timed-entry system. 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Organized traveling allows people to achieve the best results without leaving anyone behind.  Hence, Group Travel in Lincoln allows people to explore more without the hassle of keeping a plethora of things in mind. Events like weddings often create demands for group travel. Hence, several travel agents provide the ideal transportation to the iconic venues like cathedrals and others. Frequently Asked Questions: Here are the answers to some of the most commonly asked questions about  1. How Far In Advance Should I Book Group Transport In Lincoln? People should book things early. Moreover, tourists should book atleast two to three weeks in advance. However, people should book early during peak tourist seasons, such as Christmas and others. 2. What Happens If Our Group Size Changes After Booking? The tourists should inform the travel agent immediately after the group size changes. Moreover, small increases can be incorporated depending on the available space in the vehicle. 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