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 things to do in manchester

UK City Hidden Gems: Things To Do In Manchester

BY  Abdul Aziz Nov 21, 2023

Manchester is a diverse city with a lot to offer. From vibrant street art to Victorian-era structures, there's something for everyone. You can indulge in the local cuisine, explore lively neighborhoods, visit iconic landmarks and museums, and then party the night away in one of the best clubbing destinations in the UK. Known as England's second city, Manchester has a rich cultural heritage, boasting extensive libraries and a storied sporting history. The city's skyline is a blend of old and new, reflecting the dynamic atmosphere. With so much to see and do, there's no chance of getting bored in Manchester. Here are some of the best things to do in Manchester. Things To Do In Manchester If visiting Manchester is on your cards and you are not sure where to go or what to see, then we have got your back. We have enlisted some of the best places to visit and exciting things to do in Manchester. Check them out. Chetham’s Library Mancunian residents have enjoyed the honor of perusing the new books at Cheltham's Library for more than 350 years. But this is one of Manchester's most spectacular gems and not just an opportunity to check out new books. The sandstone structure was originally occupied by Manchester's Collegiate Church priests in 1421. The striking ceiling beams, the mahogany bookshelves, the antique arches. Every inch is replete with fascinating historical details. It's a remarkable historical artifact for which the library received official museum accreditation. While there, you can even have a guided tour. Bookworms, history buffs, and curious travelers should all make time to explore Chetham's Library. Ancoats Peeps Art Exhibition The bustling neighborhood of Ancoats is situated northwest of Manchester's downtown. The Ancoats Peeps, a fascinating network of peepholes embedded in the walls of numerous buildings, are located in this once-textile sector. Many pieces of machinery, secret chambers, and other items that offer a window into Manchester's industrial past can be found there. But it's unclear exactly where these people are located or even how many of them there are. It is up to you to investigate them while you try to piece together the history of this intriguing attraction. Manchester's Northern Quarter If you enjoy unique stores, unusual restaurants, live music venues, and street art, then Manchester's Northern Quarter is the place to go. In order to highlight some of the most amazing independent business owners in the city, this bustling neighborhood was created in the 1990s. Why not visit Afflecks to enjoy a multi-level retail experience? Numerous vendors may be found here, showcasing unique jewelry, vintage items, and even tattoo parlors. Alternatively, have a beer at Port Street Beer House and then head to Matt and Phred's for a soothing jazz music evening. 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Taste senses will be tingling from scrumptious sweets to fragrant stir-fries and mouthwatering dim sum. China Town has an amazing eating experience. Albert Hall Albert Hall has become a location that skillfully blends entertainment and history. Located in a tastefully renovated Wesleyan chapel, it provides an unforgettable venue for concerts, live music events, and gatherings. The evocative interior enhances the experience, featuring elaborate architectural details and breathtaking stained-glass windows. Take in a performance by a nationally or internationally recognized artist, and allow the sensory overload of Albert Hall to enthrall you. Washhouse Cocktail Bar Are you up for a night out? Maybe you're tired from browsing all the stores that line the colorful streets of the city and need a peaceful nap. A visit to Shudehill's reservation-only Washhouse Cocktail Bar is ideal for unwinding with a delectable beverage. 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Explore the wide range of artistic expressions produced by global artists. Manchester Cathedral For those who love history and architecture, Manchester Cathedral is a must-see location because of its magnificent Gothic architecture. Enter this hallowed place and marvel at its magnificence. Admire the elaborate stone carvings, the cathedral's stained-glass windows, and its calm atmosphere. Spend some time in silence reflecting, or go on a guided tour to learn more about the intriguing tales and history that surround this holy site. Old Trafford The Old Trafford Football Ground serves as a stadium that is home to Manchester United and is situated in the Old Trafford neighborhood. It provides exhilarating experiences for both game-viewing and tour visitors. It is one of the biggest stadiums in the UK and all of Europe, and it has played host to a number of major games and Olympic competitions. In addition to football, rugby is a popular sport here, so there's a good mix of games to choose from. You will love visiting the Old Trafford football stadium, whether your goal is to watch a match or just to take a tour of Manchester United's home. The athletic events are all family-friendly, so both adults and children may have a good time. Depending on the event or tour they're taking, most visitors spend between two and four hours here, though this can vary greatly because games and tours might last varied amounts of time. Wrapping Up You will not only make priceless memories by doing activities in Manchester, but you will also develop a greater understanding of the city's history, culture, and liveliness. Manchester's appeal is guaranteed to fascinate you whether you're an art enthusiast, sports lover, history buff, or just looking for new experiences. Keep in mind that Manchester offers much more than what is on this list. Now that you have your map and walking shoes on, it's time to explore this amazing city's hidden treasures and one-of-a-kind beauties. Make the most of your time in Manchester, a vibrant city with a diverse population, by exploring everything that it has to offer. If you have thoughts to share or questions to ask about things to do in Manchester, then please leave a comment. We would love to hear from you! Read Also: Coastal Bliss: Top Things To Do In Bournemouth Island Paradise Unveiled: Best Time To Visit The Philippines Vietnam Vistas: A Seasonal Guide To Crafting Your Vietnamese Adventure

READ MORE best Alaska cruises

Check out the Best Alaska Cruises to Go This Summer! 

BY  sagnika Feb 27, 2025

Be it an adventurous or a laid-back experience, we have all that and much more in the best Alaska cruises available. If you are planning a vacation in the summer of 2025, you should make bookings on one of these cruise lines.   Additionally, the way these excursions are planned, you will find many affordable packages. It is one of the coolest February vacation ideas if you have plans to go to Alaska. This summer, you will get to see beautiful snowcapped mountains.   Let me talk more about the cruise lines in detail. The several packages and the ships of these cruises create the perfect environment for you, especially when you are on vacation, be it with your family or your partner.   Check out the Best Alaska Cruises to Go This Summer!   If you are planning to travel to Alaska this summer, let me share with you some of the best Alaska cruises. These cruises are perfect for your family vacation or maybe a honeymoon cruise as a couple.   These cruises are a perfect place for you to check out the beautiful panoramic view while enjoying all kinds of luxury. There are several packages which are quite affordable, hence, you can go on some of the best cruises for families.   Furthermore, you will have the most enriching experience when it comes to having private rooms and balconies on a cruise. Going on some of the best cruises for couples, the organizers make sure you have privacy and all other amenities to make it perfect.   1. Norwegian Cruise Line   One of the most popular and safe cruise lines, Norwegian Cruise is known as one of the best Caribbean cruises. They are also one of the best Alaska Cruises to go on this summer! Departing from Seattle or Whittier in Alaska or Vancouver in British Columbia, the cruise ships offer $622 per person for a cruise trip.   It is the starting rate for seven-night sailing on cruise ships in April 2025. There are several Alaska cruise ships namely Norwegian Sun, Norwegian Encore, Norwegian Joy, Norwegian Bliss, and Norwegian Jade.    You can check out several highlights while on this cruise, such as Icy Strait Point, Hubbard Glacier, Ketchikan (Ward Cove) Skagway and Juneau. You will find bliss when on this cruise checking out these beautiful scenarios.   Additionally, there is indoor entertainment such as laser tag, mini-golf, teen clubs, themed parties, video arcades, racetracks, and aqua parks. These cruises are perfectly suited for big families along with kids. You can also go on a canoe ride surrounded by spectacular views, a waterfall, a forest, and Arctic tern nesting ground.   2. 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The trip is organized between May 2025 to September 2025.   You can visit Denali National Park, one of the highlights of the Cruise tours. Additionally, there are beautiful views of snow-capped mountains, glaciers, and waterfalls. There will be indoor pools so, you can enjoy a cool summer while going on a cruise in Alaska.   If you are looking for a kids’ friendly trip, there is musical entertainment, laser tag games, an escape room, bumper cars, movie nights, and live performances!   6. Silversea Cruises   https://www.instagram.com/p/DD7zDPUvdVQ/?img_index=1 The cruise line has currently 40 voyages lined up for the 2025 season in Alaska. One of the newest ships in the market, Silver Nova has advanced technologies along with asymmetrical design conforms that Silversea Cruises as an organization has contributed to being environmentally friendly.   Additionally, there is another cruise ship called Silver Moon. 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Starting from San Francisco, Los Angeles Vancouver, British Columbia, or Whittier, Alaska, these ships will take you on a trip to explore Alaska.   Starting from $408 per person package, the days can be set anywhere between four to seven days. Of course, with the increased number of days, the package will also be $908 in June 2025. Princess Cruises has a wide selection of tours, along with a tour director.   In the package, you will find some sightseeing trips and meals included. Of course, many of them are selected based on their preferences, availability, and inclusion in the package. You can visit the local places, meet the local people of Alaska, have photography sessions along with going fishing.   8. Seabourn Cruise Line   It is an Award-winning cruise line, Seabourn Cruise brings out the best when it comes to expedition and luxury cruising together. If you are an adventure-seeking traveler, this is your pick of the lot.   With Michelin-starred chef Thomas Keller planning your food itinerary, can you imagine the delicious cuisine you will get? Guess what, you will feel like you are having food in a swanky country club-esque atmosphere.   The seven-day Alaska trip will ensure that your excursions from the ports include biking, hiking, bear viewing, and kayaking. You can go on this cruise if you want a nature-focused experience. Furthermore, there are other luxurious experiences such as having caviar and champagne.   Ready to Cruise on an Adventure?   When you are planning to go on a cruise, let me share with you some of the best Alaska Cruises that will give you the time of your life. Additionally, the vessels that take you on these cruises are perfect, be it with their rooms, lounges, and other facilities.   I have always wanted to watch the sunset on the ocean! Imagine being surrounded by mountains with the sun glowing overhead while you cruise along beautiful panoramic views. Comment below on which of the cruises is perfect for your vacation plans.  Also read Top 10 Most Popular Paraguay Food That You Must Try. Top 13+ Famous Wonders Of India That You Must Visit.

READ MORE Puerto Rico vs Dominican Republic

Puerto Rico Vs Dominican Republic: Which One Should Be The Next Travel Destination?  

BY  Sibashree Feb 2, 2026

The sound of Latin music fills the air! The Spanish language and a passion for baseball! The beautiful beaches and great food!   All these things are common in the Dominican Republic and Puerto Rico.   So, when there is a Puerto Rico vs Dominican Republic comparison, it’s really difficult to pick a favorite. Both Spanish cities, with their signature rum and tropical rainforest,s are ready to win over you.   Still, here is a comparison you need to read before you pick Puerto Rico or the Dominican Republic as your favorite.   Puerto Rico Vs Dominican Republic Weather: When Is The Best Time To Visit?   Puerto Rico and the Dominican Republic have similar tropical weather conditions. December to April is the ideal time for visiting these islands, as it is the dry season.   The daytime temperatures range between 70 and 80 degrees Fahrenheit in these months. However, these balmy and dry conditions are very much a part of the appeal of these places.   Moreover, if you are okay with a little humidity, you can plan a visit in September or November.   Puerto Rico Vs Dominican Republic: History   The discovery of these islands by Columbus happened almost at the same time. While Columbus discovered the Dominican Republic in 1492, Puerto Rico was discovered by him in 1493.   Furthermore, both places have a rich history of Spanish colonization. Still, each of these places has distinct historical accounts.   1. The History And Historical Sites Of The Dominican Republic   Santo Domingo, the present capital of the Dominican Republic, was the first European colony in the Americas.   Also, Puerto Plata, on the northern coast, is home to the Fortaleza San Felipe. It was built in 1577. It was a prison once, and now it functions as a museum that has all the military artefacts from the 18th and 19th centuries.   You must also visit the Casa Museo General Gregorio Luperón here. Nestled in a Victorian building, this museum has many period exhibits. Also, as the name suggests, it focuses on the struggles of General Gregorio Luperón, a hero in the struggle for independence.   After exploring the historical sites, you can visit the famous Umbrella Street. Here, you can explore the chocolate museum, coffee bar, and the museum of tobacco.   2. History And Historical Sites Of Puerto Rico   Old San Juan, a UNESCO World Heritage Site, is a testament to the rich history of Puerto Rico. It has cobblestone streets, picturesque forts, and heritage architecture. The oldest executive mansion, and the oldest still-in-use executive mansion in the Americas, is La Fortaleza. It is the Governor’s residence in Old San Juan. Furthermore, you can visit the San Felipe del Morro Fortress, a UNESCO World Heritage Site, here. Another major draw is the El Capitolio, or the seat of government in Puerto Rico. In addition, the Fortín de San Gerónimo and Fortín San Cristobal have a history dating back to the 1700s or during the Spanish colonization. After exploring these historical sites, El Paseo de la Princesa and San Juan’s Promenade, with street vendors and fountains, add to the fun vibe of Puerto Rico. Puerto Rico Vs Dominican Republic Culture Though the Spanish language dominates both these islands, Puerto Rico and the Dominican Republic have distinct dance forms. The Dominicans are the masters of bachata or merengue. On the other hand, Puerto Rico is home to bomba or Salasa. Though these music and dance forms are very much African, there is a difference that the connoisseurs can notice. Puerto Rico Vs Dominican Republic Outdoor Adventures Puerto Rico and the Dominican Republic are rich in coastal experiences. You will love sailing and kayaking here. However, they offer similar yet different experiences in exploring the wildlife, beaches, and spotting the marine life. 1. Puerto Rico Vs Dominican Republic: Nature And Wildlife Experience Tropical forest, swimming holes, and birds are the main highlights of the nature and wildlife experience in Puerto Rico and the Dominican Republic. Enjoy the hikes and wildlife spotting. Wildlife And Nature Adventure In Puerto Rico  In Puerto Rico, you can explore El Yunque, which is the only U.S. National Forest designated as a tropical rainforest. You can hike through the trails here and try some zipline adventure. As you hike through the trails, you will find many birds and tropical plants here.  In addition, you can enjoy your moments in the natural rock slides and cool down in the swimming holes.  Moreover, take ATV rides and enjoy your off-road vehicle moments through jungle trails and beaches.  Wildlife And Nature Adventure In The Dominican Republic  On the other hand, the Dominican Republic has the El Choco National Park. It is home to bata, lizards, tropical birds, and many endemic plants and animals.  Furthermore, Monkeyland is a reserve for squirrel monkeys. Also, the Manatee Reserve is the place to paddleboard and spot the sea cows.  Want some more adventure? You can explore the Isabel de Torres National Park. Here, you will find the only cable car in the Caribbean. It will take you around 2625 feet above sea level.  Enjoy the views of the Atlantic waves, the rainforest, and Puerto Plata while ziplining.  Also, you can take your journey forward from here. Walk through the dense forest and pass deep canyons, deep rainforest to find waterfalls such as the Damajagua Waterfall. In addition, you will find swimming holes, lagoons, and rock chutes functioning as natural slides. 2. Puerto Rico Vs Dominican Republic Beaches Here, the difference is visible among the beaches. The beaches in the Dominican Republic have white sand.  On the other hand, the beaches in Puerto Rico have golden or black sand. Playa Dorada is located on the northern coast of the Dominican Republic, where the Atlantic Ocean waves create a rougher experience than the beaches further south. The gentle, light-golden sand has palm trees, and kite-surfers are enjoying themselves in the water.  For a more unique experience, head to Cayo Arena, often referred to as “Cayo Paraíso” for clear reasons. The vibrant corals, plentiful sea creatures, and diverse underwater marvels draw numerous divers and snorkelers.  In Puerto Rico, it’s not necessary to travel far from San Juan to discover great beaches. Escambrón Marine Park is just ten minutes from downtown and is favored by surfers as one of the top spots for beginner-friendly waves on the island.  Right by the Puente de Hermanos is Playita del Condado, a beautiful city beach in Puerto Rico. It is located in a small cove, creating a beautiful combination with the expansive Condado Beach.  In just another ten minutes, you will arrive at the stunning Isla Verde Beach. The golden sands are sheltered by towering palm trees, with numerous restaurants, bars, and shops in close proximity.  Surfers should also check out the appropriately named Surfer’s Beach in Aguadilla. A top surfing spot in Puerto Rico is located on the north side, featuring a beautiful point break, particularly during winter.  3. Whale Watching In Puerto Rico Vs Dominican Republic  Observing whales is an excellent experience for all tourists in the Dominican Republic. Thousands of humpback whales travel into nearby waters each year from December to March.  The finest way to observe these incredible creatures is through boat tours departing from Puerto Plata. Around 300 whales have been observed simultaneously in Samaná Bay, while Silver Banks is also a key location.  Puerto Rico isn't widely recognized for whales, yet the resort town of Rincon, located on the west coast, is the focal point for them. From the historic El Faro Lighthouse, you might spot whales from the shore.  Culinary Experiences: Food And Drink In Puerto Rico And Dominican Republic  The unofficial national dish of Puerto Rico is arroz con pollo, meaning "chicken with rice." It has a Moorish Spain origin, which in turn connects further back to pilaf from Asia.  In the Dominican Republic, the national meal known as La Bandera showcases the hues of the country's flag. Drawing from Spanish culinary traditions, it consists of white rice, red beans, and meat, usually chicken or beef.  Indeed, the food of the two nations is alike, with a significant distinction being the Dominican inclination towards meat, while Puerto Ricans prefer seafood. Nevertheless, they both have a fondness for plantains.  Street food plays a significant role in everyday life in both nations. Puerto Rico is famous for its food trucks, and its culinary landscape has produced numerous celebrity chefs.  1. Empanadillas  The Dominican Republic has food stalls that offer popular snacks like chicharrón (pork crackling).   If that doesn't suit your preference, consider trying the empanadas and yaroas, a high-calorie mix of fries, root veggies, meat, cheese, and toppings.  Like on several Caribbean islands, tropical fruits are always available. Refreshing delights include fresh juices and shakes crafted from fruits like mango, papaya, passionfruit, pineapple, or guava.  2. Morir Soñando  In the Dominican Republic, be sure to sample morir soñando, a special blend of milk, orange juice, and ice. Its name translates to “to die dreaming,” possibly reflecting how divine it tastes.  The beverage is so delicious that it has reached Puerto Rico, where it is enhanced with additional flavors like vanilla. Choosing the best option, such as between Puerto Rico and the Dominican Republic, simply signifies the joy of experiencing both.  3. Rum  Numerous books have been authored regarding the significance of rum in the Caribbean. Puerto Rico is currently closely linked to the Bacardi brand, whereas the Dominican Republic is recognized for Barceló and Brugal.  Bacardi relocated to Puerto Rico from Cuba following the 1960s Revolution, bringing along its renowned light rum recipe and its yeast, too. It currently produces approximately 70 percent of the rum from the Caribbean sold in the United States.  You can visit the Bacardi Distillery and observe how rum is produced. You can also discover how to blend the ideal mojito or piña colada drinks while acquiring some bartending skills.  Brugal was established in 1888, but the true commercial legacy of Dominican rum begins in the 1920s. It was then that the Barceló family began making their own rum in the Spanish style.  Currently recognized as Ron Barceló, their business has expanded into one of the largest rum exporters globally. Brugal and Barceló provide distillery tours, with Brugal being the most accessible option in Puerto Plata.  These islands are famous for their light rum in the Spanish style, which is matured in oak barrels to enhance its aromatic flavor. Light rum is ideal for Caribbean cocktails, but there are many darker options available if you enjoy drinking it straight or mixed with cola in a Cuba Libre.