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.

Read Also:

Share on Social Media

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

title-img Related

READ MORE things to do in nottingham

Hidden Gems: Unearthing The Best Things To Do In Nottingham

BY  Abdul Aziz Nov 24, 2023

Take an excursion to one of Nottingham's lesser-known but incredibly fascinating attractions to satisfy your curiosity. A little detour off the usual path can result in unusual encounters and rewards. Though you may not have read of them before, we're confident you'll be happy you did once you visit these hidden gems. They are far too frequently reserved for those in the know. This city is much more than just merry men wearing green tights. Actually, there are a ton of undiscovered treasures in the self-described "City of Caves" just waiting to be discovered. If you venture a little off the usual path, you might find success. In this article, we will discuss the things to do in Nottingham that will etch this city in your memory. Things To Do In Nottingham Nottingham is a juncture where nature and city life merge. You will find deep forests that are steeped in folklore, modern shopping centers, many different museums, and a culture dating from the Victorian era. Revel in the surroundings that inspired celebrated writers like Lord Byron and DH Lawrence. Here are some of the amazing things to do in Nottingham that will set the experience apart: Hockley Arts Club The Hockley Arts Club, a creative place for social dining and drinking, is housed in an incredibly beautiful Garde II-listed building. It is tucked away in a quiet alleyway in the charming independent neighborhood of Hockley. It's a fantastic location for delicious cocktails, boozy brunches, express lunches, romantic dinners, or private parties. It's exquisitely and perfectly decorated. Bromley House Library Tucked away from the bustle of Angel Row, in the center of the city, is a lesser-known haven of peace. Bromley House Library was founded in 1816 and is brimming with period charm. It has cozy reading nooks and interesting antique features. There is also an exquisite original spiral staircase that looks like something out of a storybook. The serene and private walled garden outside is the ideal spot for introspection or inspiration-seeking. Take one of their regular tours, which depart Wednesday at 2:30 p.m. This offers the experience of the pleasures of this hidden gem. Or you could check out their schedule of thought-provoking lectures and motivational events. Cave Escape Nottingham's intriguing network of caves is fairly well-known. Cave Escape, the newest escape room to hit the scene, uses the underground sandstone maze with a distinct charm. Go underground for an escapology experience that is genuinely immersive and filled with intriguing turns, mysterious assignments, riddles, and puzzles. Papplewick Pumping Station The most remarkably preserved waterworks in Britain, Papplewick Pumping Station, is a magnificent example of Victorian architecture and engineering. It is nestled in the picturesque countryside of Nottinghamshire. Stained glass allows light to stream through the elaborately decorated, polished mahogany and brass structures. It dates back to the late 19th century. Visitors can take a tour of the subterranean reservoir and witness the towering boilers. The pumping engines are in action during regular steam days and special events. Creswell Crags Explore the breathtaking scenery of Creswell Crags and learn about a world sculpted by nature and shaped by our ancestors. Follow in the steps of Ice Age man with the country's only known piece of Ice Age rock art. Britain's Ice Age rock art is tucked away in a gorgeous limestone gorge that is crisscrossed with caves. Take a tour around the central lake to take in the plethora of flora and fauna. Take a cave tour and be amazed by the amazing discoveries that have helped us understand the past. Welbeck Estate The magnificent Welbeck Estate, one of Nottinghamshire's most fascinating traditional landed estates, is located close by. The original Abbey predates even the Domesday Book, and the Dukes of Portland have resided there since 1607. Among them was the eccentric "burrowing Duke," who commissioned a network of subterranean tunnels and gas works to illuminate his excavations. The building currently houses the Portland Collection, which features paintings, jewelry, and other works of art. The Dukes have accumulated them over 400 years. It also has the award-winning Harley Gallery, which will celebrate 25 years of delivering captivating and intriguing exhibitions.  It will be helmed by leading artists. The Welbeck estate is a must-see for art enthusiasts and foodies alike. It features a fantastic farm shop that offers the best locally sourced produce. The School of Artisan Food offers innovative cooking classes. Sneinton Market Although this somewhat off-the-beaten-path location is well-known to the locals, tourists frequently miss it when visiting the city. Basically, it's unlikely that you would "stumble upon it"! Even though Sneinton Market is primarily a weekend market, it serves many more purposes. Creatives and entrepreneurs are abundant in the surrounding permanent units. They provide the tourist with everything from food trucks and coffee shops to vintage clothing and locally made gift shops. But without a doubt, The Watered Garden—the greatest houseplant store in Nottingham—is our favorite spot! George Green’s House Approximately a mile's worth of walking distance from Nottingham's Market Square lies a lesser-known but ancient Nottingham legacy. It is the house of one of the greatest mathematicians in history. Brilliant young George Green attended school only until he was ten years old. He then left to work in his father's bakery. When the weather permits, the windmill continues to run today. In addition to selling award-winning organic flour, you can explore the adjacent museum for free. Here, you will learn more about the subjects that piqued George Green's curiosity: electricity, magnetism, light, sound, and waves. Despite his academic failure, scientists and engineers worldwide continue to utilize his mathematical theories. If you're looking for something different to do in Nottingham, this little museum is great for kids. It's free to enter and allows you to go all the way to the top of the working mill. Wrapping Up Are you looking for summertime things to do in Nottingham? Get inspired by the atmosphere at some of Nottinghamshire's most well-known sites. There is Wollaton Hall, Nottingham Castle, the National Justice Museum, and Sherwood Forest. Numerous tourist destinations continue to fit TripAdvisor's description of "hidden gems." Even though they're not particularly hidden, a cathedral, for instance, might not be the most obvious destination for a day trip. An added bonus is that some are free to enter. Those that do require a fee don't charge as much as other attractions. These may be ideal if you'd like to take a leisurely stroll through a nature reserve or explore caves. There are cafes at many of the sights, so you can get fuel during your visit. If you have thoughts to share or questions to ask, please leave a comment below. We would love to hear from you! Read Also: Unmissable Urban Delights: Things To Do In Glasgow Brighton Bliss: Crafting Your Perfect Coastal Getaway Itinerary Things To Do In Leeds: Dive Into The Dynamic Heart Of Yorkshire

READ MORE Limited Mobility

5 Tips To Travel For Seniors With Limited Mobility

BY  Ankita Sep 7, 2023

Aging parents often need extra assistance when traveling, whether it's for a family vacation or for a necessary medical procedure. If your parents fall into this category, don't worry - there are ways to make traveling easier for them. Let's check the 5 tips to travel for seniors with limited mobility you should know. The Common Types of Wheelchairs for Seniors The first step is to choose the right wheelchair. For traveling, you'll want to find a lightweight option that can be easily transported. There are three types of wheelchairs: manual, electric, and foldable. 1. Manual Wheelchairs Manual wheelchairs are the most common type - they're also the least expensive. If your parent is able-bodied and only needs a wheelchair for short periods of time, this might be the best option. 2. Electric Wheelchairs Electric wheelchairs like the Jazzy power wheelchair are more expensive than manual ones, but such a vehicle offers a number of advantages. They're easier to maneuver and require less effort to use, which can be helpful for seniors with limited mobility. Electric wheelchairs can also get features like cup holders and storage baskets, which can be handy when traveling. 3. Foldable Wheelchairs Foldable wheelchairs are a good option if you're traveling by car or plane. They're easy to transport and take up less space than other types of wheelchairs. Many foldable wheelchairs also have features like adjustable leg rests and reclining seats. This can make the vehicle more comfortable for seniors with limited mobility. 5 Tips to Follow When Traveling with Seniors with Limited Mobility Whether it is about finding wheelchair support Moscow or looking for teeth whitening Vaughan, traveling with seniors is quite challenging. However, with the right tips by your side, you can always make it easier. 1. Choose the Right Destination Before booking your tickets, make sure to do your research on the destination. Consider things like the weather, accessibility, and attractions that would be suitable for your parent. When in doubt, always err on the side of caution and choose a destination that is known to be senior-friendly. 2. Prepare for Emergencies Make sure to pack a first-aid kit and any medications your parent might need. It's also a good idea to have an emergency contact list on hand in case of any unforeseen circumstances. 3. Make a List of Bare Essentials To make packing easier, sit down with your parent and make a list of items they will need for the trip. This should include clothes, toiletries, medications, and any other essential items. 4. Pack Light This means only bringing the essentials and leaving behind any unnecessary items. This will make it easier to pass through airports and train stations, as well as reduce the risk of lost luggage. Make sure your parent is comfortable and has everything they need before leaving on your trip. 5. Bring a Wheelchair If your parent is mobility-impaired, then it's essential to bring along a wheelchair. This will help them get around easily and avoid any potential injuries from walking long distances. What to Bring with You When Traveling with Elderly Seniors? A first-aid kit A wheelchair Comfortable clothes Portable ramp Snacks and drinks Entertainment (books, music, etc.) Emergency contact information Frequently Asked Questions Is Traveling with Seniors Safe? Yes, traveling with seniors is safe as long as you take the necessary precautions. Make sure to plan your trip ahead of time and pack everything your parent will need to stay comfortable and safe. What Are the Best Wheelchairs for Traveling? The best wheelchairs for traveling are lightweight and easy to fold. This way, you can easily transport the wheelchair in a car or on public transportation. Look for a wheelchair that has large wheels for smooth maneuverability over different types of terrain. Should I Rent a Wheelchair? If you plan on traveling with a senior with limited mobility, it is a good idea to rent a wheelchair. This way, you will not have to worry about carrying the wheelchair around with you everywhere you go. You can also find wheelchairs that are specifically designed for traveling, which may be more comfortable for your parent. Conclusion Traveling with aging parents can be a challenge, but it is possible to make it work with some planning and preparation. By following our handy tips, you can make sure that your trip is enjoyable for your seniors. Read Also: Why Travel Trailers Are The New Vacation Norm Must Pack Business Travel Packing List Along With Tips Three Ways Traveling Can Open Your Mind And Heart

READ MORE Cancun

Why You Need To Go On A Whaleshark Tour In Cancun

BY  Arnab Sep 22, 2023

Cancun, a destination renowned worldwide for its vibrant nightlife, stunningly pristine beaches, and breathtakingly crystal-clear turquoise waters, offers an unparalleled experience that transcends the ordinary. One of its most awe-inspiring attractions is the opportunity to swim with the gentle giants of the sea, the magnificent whale sharks. These majestic creatures, with their immense size and grace, create a truly unforgettable and mesmerizing encounter in the azure depths of Cancun's oceanic paradise. A Unique Encounter with Nature Participating in a thrilling whale shark tour in Cancun offers you the opportunity to step out of the ordinary. You can immerse yourself in the extraordinary wonders of nature. Imagine embarking on a journey into the crystal-clear waters of the Caribbean Sea. Here, these magnificent creatures, known for their gentle temperament, gracefully glide alongside you. As you witness their enormous size, it becomes apparent how they effortlessly navigate through the vast ocean. It filters plankton and small fish for nourishment. The sheer size and majesty of these gentle giants are awe-inspiring. They serve as a humbling reminder of our place within the intricate and interconnected ecosystem of our planet. It's an experience that will leave you with a profound appreciation for the beauty and diversity of marine life. An Insight into Marine Life Whale shark tours provide a truly remarkable and intimate glimpse into the captivating world of marine life. They offer a rare and exhilarating opportunity to swim alongside these majestic creatures, witnessing their sheer size and grace up close. It is an educational journey that goes beyond the thrill. It inspires a deeper respect and care for our precious marine ecosystems. By being in such close proximity to these magnificent creatures, we gain invaluable insights into their fascinating behaviors. They have intricate feeding patterns and awe-inspiring migration routes. This immersive experience allows us to appreciate the intricate beauty of nature. It fosters a sense of wonder and curiosity that lasts a lifetime. Environmental Sustainability Whale shark tours in Cancun are meticulously regulated to ensure minimal disruption to their natural habitat. Tour operators strictly adhere to sustainable practices, prioritizing the well-being and conservation of these magnificent creatures. By providing educational insights and following responsible guidelines, they create a unique and unforgettable experience for visitors. This commitment not only guarantees a memorable adventure for you but also contributes to the long-term preservation and thriving of this wonderful species for generations to come. A Truly Memorable Experience Remember, visiting Cancun is not just about lounging on the beautiful sandy beaches or exploring the ancient Mayan ruins. While those activities are certainly highlights of the trip, there is so much more to discover! Imagine embarking on a thrilling whale shark tour, where you'll have the incredible opportunity to swim alongside these majestic creatures in their natural habitat. As you dive into the crystal-clear waters, you'll be mesmerized by the sheer size and grace of these gentle giants. It's an awe-inspiring experience that will deepen your appreciation for the wonders of the marine world and create lasting memories of your trip to Cancun. When to Plan Your Visit The best time to plan your whale shark tour in Cancun is between June and September when these incredible creatures make their annual pilgrimage to the warm tropical waters of the Caribbean. During this period, visitors have the highest chance of witnessing these magnificent creatures in their natural habitat. It's a spectacular sight that provides a unique opportunity to observe, up close, the beauty and majesty of the whale sharks. What to Expect on the Tour On the day of your tour, you'll set sail early in the morning on a comfortable, fully equipped boat with a small group of fellow adventurers and a team of experienced guides and marine biologists. They'll provide a safety briefing and information on the whale sharks' behavior and conservation efforts. Once you reach the feeding grounds, you'll have the opportunity to experience a whaleshark yacht snorkel tour with these gentle giants under the careful supervision of your guides. It's an incredibly moving experience that will remain etched in your memory forever. Safety and Respect for the Creatures Respect for these magnificent creatures and their natural habitat is of utmost importance. Tour operators diligently enforce strict rules to ensure the safety and well-being of the mesmerizing whale sharks. Physical contact with these gentle giants is absolutely prohibited, as it can cause distress and harm to them. Maintaining a safe distance from the whale sharks at all times is not only crucial for their protection, but it also guarantees a truly immersive and secure experience for visitors, allowing them to witness the awe-inspiring beauty of these creatures in their natural environment. Capturing the Moment When embarking on your adventure to encounter the majestic whale sharks, don't forget to bring along a reliable and waterproof camera to capture every magical moment. As you dive into the crystal clear waters of Cancun, you'll be greeted by the awe-inspiring sight of these gentle giants gracefully swimming by. The stunning backdrop of Cancun's underwater world provides the perfect canvas for capturing breathtaking photographs. It will transport you back to this unforgettable experience. Remember, while immersing yourself in this remarkable encounter, refrain from using flash photography. It can potentially disturb the serene environment and the magnificent whale sharks. In conclusion, a whale shark tour in Cancun offers an unparalleled opportunity to immerse yourself in the captivating world of marine life. The experience not only provides a thrilling adventure but also leaves you with a deeper understanding. You end up appreciating these magnificent creatures. It also teaches the importance of preserving their natural habitats. By partaking in these tours, you contribute towards environmental sustainability and conservation efforts. You also ensure these gentle giants continue to grace our oceans for generations to come. It truly is a bucket-list experience that offers a unique blend of excitement, education, and commitment to marine life preservation. So, when you next find yourself in Cancun, be sure to seize this extraordinary opportunity. Dive into the deep blue and come face to face with the majestic whale sharks. Read Also: The Best Getaway: Check Out These Beaches That Are Closest To Tennessee’s Knoxville! These Are The Closest Beaches To Ohio That You Need To Go For A Dreamy Vacation! Best Beaches In Costa Rica For Family Vacation