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 Exploring Italy On A Self Guided Tour

You Cannot Miss These Places To Visit In Italy: Exploring Italy On A Self-Guided Tour

BY  Arnab Oct 28, 2022

A lot of developments have again brought Italy tourism into the limelight. One of the best places to visit in Italy, Lake Como, now allows visitors to take home the most unique souvenirs. You can now carry back 100% pure canned air from this beautiful lake.  ItalyComunica, a communication company, has started this initiative. Their Lake Como Air Cans have 400 ml of pure air from Lake Como and are now available at $11.  "A luxurious souvenir, perfect for those who wish to rediscover the peace and elegance of this heavenly corner, sealed in a tin.." - ItalyComunica Further, as you take this can of pure air home, you can open it and experience the tranquility of Lake Como.  Along with Lake Como, there are many other places to visit in Italy. Of course, everyone knows about the capital city of Rome and the beautiful Venice. However, this time, I have curated some other hotspots in the country.  Here Are The Four Best Places To Visit In Italy A lot of people like to take themselves on Italy tours to try and see it all, but with so much to see, it’s not always possible in one trip.  But if you’re planning a trip to Italy, keep reading and discover all the best places that you should visit!  1. Florence Florence is the capital of Italy’s Tuscany region, and it is often said to be the home of some of the greatest art and architecture in the world. It’s often thought to be the birthplace of the Renaissance, so you can imagine just how glorious the art is. Florence proves this by having one of the most famous art galleries ever, housing the Uffizi Gallery which contains pieces from classic artists like da Vinci, Raphael, and even Michelangelo! Florence is also a little bit slower-paced than other historical cities like Rome, allowing you to really soak in your surroundings without all the hustle and bustle. If architecture is something you love to gaze at when visiting other countries, then Florence could be the answer to your dreams. With beautiful structures like the Cathedral of Santa Maria del Fiore, you’ll be blown away by just how beautiful this city really is. So, if you want to visit a place with just as much historical significance as Rome but without the tourists, head down to Florence.  2. Verona Fans of Shakespeare’s “Romeo and Juliet” will have of course heard of the city of Verona, as it’s the setting for one of the greatest tragedies of all time. Verona itself may not be at the top of everyone’s list, but it definitely should be. It’s big enough that you can spend a whole day exploring, but it’s also small enough to feel like a walkable city. Verona may be a modern city with lots of stunning restaurants to visit, but it also pays homage to the star-crossed lovers with a museum in a building named “Juliet’s House”. 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There’s also a gorgeous outdoor area that’s brimming is history too.  The Prato Della Valle which is the biggest square in the whole of Italy and has statues of Italy’s most renowned intellectuals. If you’re an avid foodie, then you want to head on over to Piazza Dei Signori. There you’ll find all sorts of authentic restaurants and proper Italian gelato too. It’s also home to the Torre dell’Orologio or in English, the astronomical clock. This clock tower was built in 1430 and the clock face shows the different zodiac signs. It really is a magnificent sight to see, and it looks even better when you’re enjoying a plate of good food in the beautiful afternoon sun.   Italy has some of the most popular tourist destinations in the world, but that doesn’t mean they’re the only place with beauty. In fact, there are plenty of other cities and towns within Italy that could offer you even more than places like Venice! This list just goes to show that you don’t have to only visit the tourist areas to get a real view of Italy. So, why not add some of these places to your list of places to visit? You’ll be blown away at how wonderful they all are, and you’ll find yourself wishing you were back there time and time again. 5. Lake Como Located in the Lombardy region of Italy, Lake Como is one of the deepest lakes in Europe. It looks heavenly with the Bergamo Alps surrounding it, and you can see the reflections of snow-capped peaks in the water.  Further, Lake Como looks different with changing seasons. In summer, you will find the lake surrounded by greens. In winter, of course, it’s all snowy and white as far as you can see.  6. Pompeii, A UNESCO World Heritage Site The Roman architectural site Pompeii is one of the most interesting places to visit in Italy. Such is its appeal that now managing tourism here is a challenge for the management. The first Sunday of October in 2024 had around 36000 visitors to the park. However, from 15th November, the park authority is planning to limit the number of visitors to the park on a daily basis.  Now, only 20000 people can visit Pompeii in a day. Further, you will need to pay an entry fee of €18 to visit Pompeii.  Read Also: Japan Is Now Accepting Travelers: So Why Aren’t Tourists Going Back This Year? Common Pitfalls Of Destination Wedding In Italy And How To Avoid Them Which Is The Best Time To Visit Ladakh? – Travel Guide

READ MORE Suva food tour

Suva Food Tour: A Self-Guided Culinary Adventure To Try The Best Food In Suva, Fiji 

BY  Sibashree Jan 16, 2026

Most of us think of the Nadi resort buffets when we are in Fiji. However, if you want to know the real food and soul of Fuji, you have to be in Suva. It is the “Melting Pot of the Pacific.” So, the food stalls and shops you find here are not tourist traps. With the fragrant smoke of BBQ everywhere, you always crave more. Furthermore, the sweet smell of pineapples and the earthy aroma of turmeric here are addictive. Also, there is a brilliant fusion of cooking techniques here. The food here blends the bold spices of India with the stir-frying technique of Canton. So, in Suva, staying cooped up in the hotel for breakfast would be a waste of time. So, let’s lace up the shoes and eat our way through the real Fiji. For more practical tips on exploring the Fiji capital like a local, you must read my Suva travel itinerary. Stop 1: Morning At Suva Municipal Market  The Suva Municipal Market is the place where you breathe and feel the city. If you have the right Suva market guide and you arrive here by 8 AM, you will find the freshest produce here. Exploring the Municipal Market is also very crucial if you want to explore the culture of Suva. • Try Tropical Fruit Tasting In Suva  The Fiji Gold pineapples are different. These fruits are sweeter and smaller compared to the alternatives found in Western supermarkets.  Other tropical fruits you will find here are Fijian chestnuts or Ivu nuts and Soursop. Soursop has a creamy custard flavor. • The Spicery Head to the spice floor of the market, and it’s okay if you feel sneezy with the aroma of coriander and cumin. Here, you will find authentic Garam Masala, so you can take the spice mix as souvenirs. Also, for the most authentic Fiji experience, get some Kava or Yaqona roots. Kava is the national drink of Fiji. It has an earthy taste and smell, and it’s a little numbing. • Have A Bean Cart Experience  Do you love Indian snacks? You can look for the glass wooden carts. You will find a snack mix or Bhujia here. This snack has fried noodles, peanuts, and peas. It is the ideal Suva snack. These snacks are the Suva Fiji hidden gems when we talk about an authentic food experience. Stop 2: The "Roti Parcel" Lunch  For a backpacker or a solo traveler, the Roti Parcel can be the ultimate convenient food. It tastes delicious, and it is a filling and affordable snack. Have you ever tried handmade Indian Rotis? These are the bases of Roti Parcel. These buttery Rotis are wrapped around a filling of dry curry. The dry curry is usually made of chicken, potato, and pumpkin. It is so convenient that you can do it even when you are on a walk. The Suva Bus Stand is the best area to try these Roti Parcels. There are many small kiosks and "holes-in-the-walls.” These places serve hundreds of Roti Parcels daily. Want to try the freshest Rotis? You must look for places where the queue of the office goers is the longest. Stop 3: The Curry Trail  Indo-Fijian cuisine has Indian spices. However, the dishes here are different. In the food here, you will use more local root vegetables. Furthermore, the dishes are spicier, and various cooking techniques are used in making them. Try eating at the following places to try vegetarian and non-vegetarian Indo-Fijian food. Indiana Curry House & Bar is the best place here to have lamb chops, tandoori chicken, and chicken butter masala. Govinda Vegetarian is the place to have Samosas, Barfi and Gulab Jamun. Stop 4: Indigenous Flavors You Must Try  To understand Fiji, you must eat Lovo (earth oven) style or stews thickened with coconut milk. It is the best local food to try in Suva Fiji. Kanalevu Kitchen or The Old Mill Cottage are the places to try Lovo in Suva. These places have an authentic vibe, and you will feel like being in your grandma’s kitchen. Another indigenous delicacy is Kokoda. This is Fiji’s take on ceviche. You can marinate the Spanish Mackarel in lime juice and then serve it with onions and chillies, and of course, a bowl of fresh coconut cream. The combination is heavenly, and it has the right balance of flavor punch and texture. Now, it’s getting really grand. Rourou Mutton is the ultimate Fijian comfort food. In this dish, the Taro leaves (Rourou) are simmered. After a while, they have a spinach-like consistency. You can cook tinned fish or mutton in this mix. Also, you must add plenty of coconut milk for the rich, creamy texture. Stop 5: Sunset And Seafood  View this post on Instagram A post shared by Tiko's Floating Restaurant 🇫🇯 (@tikos_fj) End your day where the city meets the sea. You can have the most unique experience at Tiko’s Floating Restaurant. It is a converted ship docked at the harbor, and you will have the best mud crabs and grilled lobster here. Another place is the Grand Pacific Hotel (GPH), which also has the nickname of the Grand Old Lady. It is a colonial-era hotel and has hosted Queen Elizabeth II. You will love sitting on the veranda here and enjoying the sunset with a high tea or sunset cocktail. Food Intensity Guide: A Note For Travelers On A Suva Food Tour Fijian hot is not the same as Western hot. So, if you are in Fiji and a local tells you that the curry is medium spicy, you must know that it’s hot.  If you are not a local, your brows are going to sweat. The small Fijian chilies or the Bongo chilies are powerful. So, it is always safe to ask for a mild spice level. Furthermore, indigenous Fijian food relies heavily on root vegetables such as Cassava and Dalo, or Taro. These veggies are starchy, and the gravies made with them are dense. So, be mindful of the quantity of these dishes while eating. Practical Tips To Follow On A Suva Food Tour Hygiene: Stick to busy stalls where the turnover is high.  Water: Stick to bottled water or "Fiji Water" (which is actually cheaper here!).  Cash is King: While hotels take cards, the market vendors and roti shops are strictly cash-only (Fijian Dollars).  What Are The Best Expert Tips For Your Suva Food Tour?  A food tour is not just about what to have. You must understand the flavor, texture, and richness of the dish you are having. Furthermore, you have to be aware of the right time to have them. The local market stalls and street vendors do not accept cards. So, you have to carry $5 and $10 FJD bills. You will notice a heavy crowd at the curry houses between 12:30 PM and 1:30 PM. So, if you want a seat, you must visit between 11 AM and 2 PM. You will have the tropical fruits or the roti parcels in your hands. So, you will need to wash your hands before and after eating. So, carry wet wipes and avoid public sinks. Don’t eat the fruits collected from the market without washing them. However, pineapples and bananas are safe. Is the tap water looking yellowish? There is rust in your water. So, it’s best to choose an Island Chill or Fiji water.  Fijian curry has meat with bones. So, be careful while chewing. The vegetarian and non-vegetarian division is followed strictly in Fiji. So, if you want to have pure veg food, you must look for the same sign. Tipping is not mandatory in Suva, Fiji. But you must leave a small change ($2-$5). It is a kind gesture in small eateries.  The Fiji dishes with Lolo or coconut milk are heavy and rich. So, you must not plan any heavy outdoor activity, such as hiking, after having these gravies. Suva Food Tour: Frequently Asked Questions (FAQs)  Here are the frequently asked questions and answers about the Suva food tour. 1. Is Street Food Safe In Suva? Yes, street food is usually safe in Suva. The specialties, such as the BBQ or Roti, are served fresh and hot. Also, the locals have them regularly, and when you see a long queue outside an eatery, you know that the food is safe. Avoid having cold and creamy salads that have been in the glass cabinets before you arrive there. Ask the vendor to make it fresh for you. 2. How Much Does A Meal Cost In Suva? If you want to eat like a local, you can try a roti parcel. The Roti Parcel costs $3-$5 FJD. However, you can also have a sit-down curry meal at $15-$25 FJD.  Furthermore, if you combine the breakfast, lunch, and dinner meals, the average expense of a person will be between $45 and $50. 3. Do I Need To Book Restaurants When Eating In Suva, Fiji? You don’t always need to book the restaurants and hotels for eating out in Suva. These lunch spots are walk-in. However, if you are having dinner at places such as GPH or Tiko’s, you have to book the place. 4. Can I Drink The Tap Water In Suva? Tap water is usually safe in Suva because it is chlorinated. However, if you are a tourist and have a sensitive stomach, you may fall sick.Also, sometimes, the tapwaters (especially in old buildings) have a yellowish color. This color comes from the rust, and you must not have it.Choose bottled water. 5. Are There Vegan Options In Suva? Yes! The Indian influence means Dhal (lentils) and vegetable curries are everywhere. Furthermore, the people here are very particular about the veg and non-veg contamination.So, you must look for the label Pure Vegetarian before having food at an eatery. 6. What Time Do Restaurants Close? The lunch spots in Suva close by 3 PM, and the dinner places close around 9:30 PM.The best time to have lunch is around 2 PM.Have dinner between 8:30 PM and 9 PM. 7. Is Alcohol Served In Curry Houses? Many traditional curry houses (especially Muslim or Hindu-owned) do not serve alcohol. Check first. However, some places, such as Indiana Curry House & Bar, also operate as a bar. So, you will find alcohol there.

READ MORE Airport Hacks

15 Airport Hacks Every Traveller Should Know Before Their Next Flight

BY  Sibashree Oct 15, 2025

People always feel excited when they are at the airport. Moreover, an Airport is always the starting point for a new adventure.  However, people find it difficult to manage things at an airport. Moreover, having multiple things all at once can be overwhelming for people in general.  Long queues, baggage restrictions, and last-minute changes can create additional problems for a traveller. Whether you’re flying domestically or heading overseas, these clever airport hacks will save you time, money, and energy. And if you’re departing from Melbourne, staying close to the terminal at Novotel Melbourne Airport can add an extra layer of convenience to your trip. What Are The Airport Hacks That Travellers Should Keep In Mind? The travellers should always avoid the last-minute trouble. However, here are some life-changing airport hacks that will make travel easier. 1. Check In Online Most airlines open online check-in 24 to 48 hours before departure. Hence, the travellers should take advantage of this. The travellers can simply avoid the long queues with the help of early check-in. Moreover, early check-ins ensure smoother entry to the Airport. 2. Pack Strategically Keep essentials like chargers, medication, snacks, and a change of clothes in your carry-on. If your checked luggage is delayed, you’ll still have the basics. Travelers should keep all their essentials handy in a separate bag. Moreover, people should not pack everything together clumsily.Packing strategically and keeping a separate bag with all the essentials handy is one of the best airport hacks. 3. Dress For Security Screening People should use slip-on shoes, minimal jewellery, and avoid belts. Moreover, keeping your dressing minimal shall allow you to pass through the security easily. People have always heard about the airport look of the celebrities. However, even the celebrities dress minimally to avoid hassle at the airport. 4. Use Packing Cubes Packing cubes are a simple way to keep your bag organised and make repacking easy. Moreover, security wants to check your belongings. Thus, people face nightmares while repacking what the security unpacked. Thus, the packing cubes can help people pack things more efficiently and easily. Incorporating packing cubes into your luggage is one of the best airport hacks. 5. Bring An Empty Water Bottle You can’t take liquids through security, but you can fill an empty bottle once inside. Thus, people can simply fill their empty bottles with water.  Hence, travelers will not have to pay an inflated price for a water bottle. 6. Download Your Airline’s App People should always install airline apps. Moreover, the Airline apps provide real-time updates on sudden events that include gate changes, flight delays, or even cancellations. Thus, the travellers should get their information firsthand with the help of the airline apps that are available to them.  7. Join A Frequent Flyer Program People should join a frequent flyer program. Moreover, such programmes allow people to get access to the best facilities within an airport. Many travellers avoid subscribing to such programs, considering they travel less. However, these programs have several long-term benefits. Even if you don’t travel often, points add up over time and can unlock benefits like priority boarding, lounge access, and discounted flights. 8. Keep Digital And Paper Copies Of Documents Several documents play a crucial role in onboarding a flight. Thus, people should never keep all their eggs in one basket. Hence, flyers should always keep both hard and soft copies of the essential documents.  Mobile phones often die, and it becomes difficult to find a charger in airports.  Thus, printed hard copies of the essential documents save the travellers from facing problems. 9. Invest In Noise-Cancelling Headphones Carry headphones to avoid getting bored. Airports mostly remain noisy. However, people often have to get entertained by their phones. However, they mostly forget to carry their headphones along with their phones. Listening to music or watching movies allows people to pass through the long hours of waiting. 10. Use Lounge Day Passes People often think that the lounges are for the premium flyers. However, occasional flyers can always get a one-time pass that will allow them to use the lounge. Travellers get free Wi-Fi, refreshments, and lunch at the lounge.  11. Track Your Luggage People can find several smart luggage trackers in the airport shops. Online platforms also sell these smart tags and the trackers.  Airlines often misplace your luggage. Thus, it is important to put a smart luggage tracker on your luggage. Such trackers allow you to trace the location of your luggage, once it is misplaced. 12. Download Offline Maps And Entertainment Airport Wi-fi does not always provide a reliable network. Thus, people often find it difficult to get access to online applications like YouTube and others.  People should hence download videos, apps, and maps to avoid any problems.  13. Take Advantage Of Early Morning Flights Travellers should always book early morning flights. Moreover, the early morning flights mostly do not get delayed. People find the cheapest flights in the early morning.  14. Use The Right Credit Card Some credit cards include complimentary travel insurance, lounge access, or waived baggage fees—valuable perks that can enhance your airport experience. 15. Stay At An Airport Hotel Before Early Flights Travellers can always stay overnight at an airport hotel during early departure. Moreover, this takes away the stress of traffic and rushed mornings.  Melbourne travellers can always halt at the Novotel Melbourne Airport.  Moreover, the hotel offers unbeatable convenience with its location directly at the terminal. Happy Travels! Airports are the beginning of every happy journey, and hence, the start of the journey should always be happy.  Incorporating these small hacks can save people from big-time troubles. According to the Melbourne Airport website, almost 2,772,445 people boarded flights from the Melbourne Airport in the financial year 2023-2024.  Thus, airports always remain crowded. Hence, it is important to travel in an organized way in such situations.