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 can you bring scissors on a plane

Answering The Most Asked, “Can You Bring Scissors On A Plane?”

BY  sagnika Jun 14, 2023

With the increasing rules and regulations of the Federal Aviation Administration (FAA), the objects allowed to be carried cannot be obvious. Can you bring scissors on a plane is a question that is quite valid. The Transportation Security Administration (TSA) is responsible for deciding what items are allowed in baggage. Scissors can be identified as sharp objects that can be used as weapons. Hence, the rules and regulations established by the TSA are strict. Many manufacturers advertise their products which are travel friendly. Even though the measurement of the blade from the tip to the pivot should be performed and accordingly you must buy it. Can You Bring Scissors On A Plane? - Answered Here Are scissors allowed on a plane can be answered concerning the final decision made by the TSA officer, as it is in his power to confiscate anything he feels suspicious. The officer has the right to search your carry-on manually; therefore, if the scissor you carry is not packed properly, it might injure him. If you have a question, can you bring embroidery scissors on a plane? The answer is yes if it has the size of 4 inches from the pivot. Scissors larger than the 6 cm blade size will be confiscated when it shows on x-ray machines. You may carry needle points and knitting needles in any baggage. Another important strategy that you can use if you want to avoid any issue with getting your scissors confiscated, you can buy scissors in the airport stores. However, you will only find foldable and safe scissors such as those found in the pharmacy. Craft scissors or child safety scissors can also be found in a bookstore in the airport; hence, passengers, if really need be, can buy scissors from there. Can You Carry Scissors On A Plane? The scissors allowed through the airport security must have a blade of length 4 inches or 6 cm. It clarifies your query about whether I can bring small scissors on a plane. The maximum size is allowed from the blade's tip to the pivot point. This measurement has been set for the scissors if you carry them in your carry-on bag. In your checked baggage, there are no rules to be followed. However, if any product, such as a specific type of scissor, makes the alarm go off at the checkpoint, it will be screened by the TA officers. The TSA has approved a list of scissors that can be carried on a flight, such as child scissors, nail scissors, kitchen shears, medical scissors, manicure scissors, weed pruners, nail scissors, and tweezers. Due to safety and security concerns, anything that is sharp does raise concerns. Passengers must be extra careful if they carry blades of any kind because if it raises suspicion, it will be confiscated even if it is of the informed size. Beauty scissors can also be carried on flights; the rule is that 4 inches are the expected length on domestic flights. While internationally, the blade should be 2.36 inches. All these regulations are important; hence, ensure that the scissors you carry follow these regulations. Are You Allowed To Use Scissors On A Plane? According to the TSA, a passenger can use scissors on a plane if they meet the rules that have been established. So if you have the question, can I take scissors on a plane, the answer is yes, you can as long as it follows the rules made by the TSA. You can use the scissors to file your nails, quilt, sew, and craft if you want to spend time there. It will also help with distraction if you are bored. Cuticle scissors can also be used in flight thus, experiencing a relaxing manicure. Even though I said manicure, do not try using nail paint remover or nail paint because those are flammables. They can pose a serious threat to the safety of the flight. There are TSA rules created for nail paints and removers and their accessibility in handbags and checked baggage. Read More: Avelo Airlines Reviews You Were Looking For!   Packing Instructions TSA has also provided strict guidelines concerning sharp packaging items. In your checked baggage, you can pack it as you wish. However, when taking a sharp object, such as scissors, in your carry-on or checked baggage, you must wrap it with a scissor sheath. A piece of clothing can also be used as a protective layer, and a scissor cover might also be used so that it does not cause any harm to the inspection people and the handlers. Effective packaging is also important because it protects you if you need to open the baggage for emergencies. If you are in haste, you might injure yourself if you have yet to pack the scissor carefully. Reasons For Restrictions One of the major reasons for establishing restrictions when carrying scissors on a plane is to ensure the safety of the flight crew and passengers. With the increasing issues of security and concerns on a global level, carrying a scissor poses a threat to the lives of everyone in and around the aircraft. TSA regulates scissors and other sharp objects because it is necessary for national and international security. The TSA considers all scenarios when developing the regulations. It is important because they do not want any mishap to happen in people's lives. Read More: Can You Use Bluetooth On A Plane? – Know It All Here! Other Sharp Objects Allowed On Plane Apart from scissors, you can also carry other sharp things based on TSA regulations and airport security approval. These objects can be taken in your hand baggage. Manicure scissors, nail care tools, nail clippers Knitting needles, sewing needles, crochet hooks Brow tweezers Disposable razors Conclusion So, can you bring scissors on a plane? The article explains the rules based on which you can carry scissors, and they will not get confiscated. You will also get updated on other sharp objects and their accessibility in a plane. Comment below to let us know if you have ever carried scissors in your bag. Did you ever face any issues with the airport authorities regarding this? Read Also: Can You Bring A Lighter On A Plane? Know It All Here! Can You Bring Cigarettes On A Plane? Know Your Answer Here! Everything About Breeze Airways: Breeze Airways Reviews, Features, And More!

READ MORE national parks in Alabama

A Guide To National Parks In Alabama – Latest Guide

BY  Mashum Jul 26, 2021

There is a famous quote about the national parks in North America, “National parks are the best idea we ever had. Absolutely American, absolutely democratic, they reflect us at our best rather than our worst.” - Wallace Stegner.  There are about 423 national parks scattered across Alabama for visiting and some. Nonetheless, there exist some National parks in Alabama Camping. The National Park Service (NPS) of the country maintains and curates these areas. The key aim of these national parks is to bring the demonstrated tragic and victorious history of the state to its visitors.  Alabama is a perfect place for spending a few days of your vacation. I hope you are here because you are looking for some suggestions for the famous national parks in Alabama. Well, you are at the right place because today we will discuss the historical parks in Alabama suitable for sightseeing.  The Best National parks In Alabama Generally speaking, the national parks in America are a combination of history and environmental beauty. No more waiting because the list of top national parks in Alabama is here. Brace yourself to explore some incredibly thrilling places in your upcoming holidays: 1. Tuskegee Institute National Historic Site National Park Service (NPS) has designated this institute as a national historic site known as a historic national park. With a variety of fauna, it is the first university campus to receive honor from the government.  The park is located on the University campus itself, which makes the destination accessible to all. It also has a museum covering George Washington Carver’s rare photos and unique life details. The burial ground is the best place to spend some alone and silent quality time. The site is open from 9 am to 4:30 pm daily for visitors.  2. Freedom Riders National Monument This monument symbolizes the protests of freedom riders whose one bus was firebombed by KKK members. You will sense a feeling of courage and confidence by going through the historical facts of them below the monument. The park offers a drive-only tour to many historical points to remind you of the tragic event at Greyhound Bus Terminal. Additionally, the Anniston Memorial Hospital that holds the remembrance of the burnt bus is also noteworthy.  3. Selma To Montgomery National Historic Trail It is one of the most popular national parks in Alabama; however, it also carries significant historical events. The event also made the public furious. The route of the marchers in the site is a national historic trail now providing a sneak peek at American History.  The place will cherish you with the march of 600 people across 54-mile roadways to Montgomery. The Future Georgia congressman John Lewis led this procession on 7th March 1965.  What’s more?- you will find rich insights while visiting the three interpretive centers along this route. Please note that the journey would begin at the Selma Interpretive Center if you plan to visit this place. It is at the foot of the bridge on Broad Street.  These centers open at 9 a.m., whereas they close at 4:30 p.m. 4. Trail Of Tears National Historic Trail There are special touches of history in the majority of the national parks in Alabama and this one is also not an exception. One native name of this place in the chronicle of America is “The Journey of Injustice.” The site will make you remember the struggling lives of Native Americans who relocated to Oklahoma from their homes in Alabama. The forceful removal between 1830 to 1840 from their native land makes their journey route “The Trail of Tears.” The National Park Service (NPS) has scheduled stops in multiple packers along this route as a part of the driving tip. It includes Alabama, Arkansas, Georgia, Illinois, Kentucky, Missouri, North Carolina, Oklahoma, and Tennessee.  You can visualize the events of this historical movement at different stops in Alabama itself. Some of the most famous ones are Willstown Mission Cemetery, Waterloo Landing, and  Fort Payne Cabin Site.  5. Tuskegee Airmen National Historic Site Tuskegee Airmen National Historic Site honors the legendary military of the first Afro-American fighter pilots of America. Two aircraft hangars lounge on the site. Once you reach the place to visit these hangers, you will observe a wide range of engaging exhibits.  In addition to that, several areas of the park present documentaries of the pilots’ daily livelihood, training, and hassles during the war. All these have made it become one of the ‘best national parks in Alabama.’ The perfect time to visit the place is before Memorial Day for Tuskegee Sairmen Fly-in.  Furthermore,  both the museums in hangar one and hangar 2 remain open Monday to Sunday from 9 a.m to 4:30 p.m. 6. Horseshoe Bend National Military Park It has been consistently ranked in the list of the best national parks in Alabama. Precisely, you will get awestruck once you stand in front of the entrance of the park. It is one of the favorite holiday spots for travel freaks owing to its stunning environment and deep serenity.  But beyond these, the site had experienced a ruthless and blood-shedding war about 100 years ago. The horseshoe bend of the Tallapoosa River was the accurate pinpoint of the battle. The oppression of Native American Tribes weaves the stories of this place. The visitor center is the starting mark of your tour. You can also enjoy a film of 15 minutes demonstrating the concept of battle. The park is open to visitors from 8 a.m. to 5 p.m. daily.  The Final Thoughts  After reading this guide, is not your mind asking you to book a ticket and set out for Alabama? The national parks in Alabama mentioned above are significant pieces of remarkable and revolutionary history.  We hope that the list of national parks in Alabama will be of immense help while visiting here. As we have covered the key takeaways of each site along with opening and closing time, you should not face any more difficulties in planning a tour.  Moreover, if you have any opinions to share with us, feel free to comment in the comment box below. Lastly, keep supporting us in getting more travel guides on mesmerizing places across the globe. More Resources Alabama Travel Guide Canary Wharf: A Mini-Guide For Your Next Visit A Guide To National Parks In Oklahoma – Latest Guide

READ MORE things to do in bangkok

Temples, Markets, and More: Your Ultimate Bangkok Itinerary 

BY  Abdul Aziz Dec 30, 2023

Visiting Bangkok? Looking for things to do in Bangkok? Bangkok, one of the most visited cities in Southeast Asia, is a vibrant, dynamic metropolis. It offers much more than just mouthwatering street food (though there is plenty of it). Engulfed in a hazy mixture of motorbike exhaust, incense, and charcoal grills, this chaotic city is also home to luxury hotels. Michelin-starred restaurants, quaint cocktail bars, and an abundance of good times together creates magic. Of course we cannot forget to mention culture and history. Feeling overwhelmed? Its okay. Visit Chinatown for some of the best bars in the city and historic architecture after a day of touring temples. Alternatively, take a stroll through some of the city's most stylish parks. Plan this before dining on a multi-course meal inside a chophouse. It probably dates back a century or on an antique barge. This Bangkok mainstay doesn't have an incredibly convenient location, in contrast to many of its competitors. The picture-perfect sights require a boat transfer, and the majority of the best tables are more than a 30-minute taxi ride away. But that's the point for me and the hordes of other devoted admirers of this monochromatic masterwork by hotel guru Bill Bensley. Situated on a verdant riverbank property in the peaceful Dusit neighborhood, The Siam evokes memories of a bygone era in Bangkok. Though it opened ten years ago, it's easy to picture it as a luxurious playground for the city's former big guns, the mid-century movers and shakers whose heirlooms, which adorn the marble-floored hallways, include vintage Pan Am posters, tattered travel trunks, and chipped ceramics.  Things To Do In Bangkok  Bangkok is the dream destination for most people who want it all on a budget. If you want to know about the best things to do in Bangkok, take a peek. Here is a list of a few things you can look forward to when you are visiting.  Chatuchak  The official name, Chatuchak, is pronounced with a J sound. Locals refer to it as JJ Market. This market is the oldest of all markets. It's one of the biggest outdoor markets in the world, with 15,000 stalls. Everything is available for purchase, ranging from useful items like artwork, cooking supplies, apparel, accessories, and home décor. There are also trinkets and oddities like fake iPhone covers, Beats by Dre and Nike sneakers. The market is extremely well organized despite its enormous size, with items sorted by kind and a sizable map displayed close to the entrance.  Pak Khlong Talat  Pak Khlong Talat is the best place to witness Bangkok's vibrant nature—one of the world's most vivid cities. A dazzling kaleidoscope of colors and the sweet, all-encompassing scent of thousands upon thousands of fresh flowers can be found in this lively flower market. Look through booths brimming with roses, orchids, marigolds, and more. The flower market is open 24 hours a day, which is great if you are suffering from jet lag and need something to do late at night.  Le Normandie by Alain Roux  In addition to its thriving street food scene, Bangkok has about 30 restaurants with Michelin stars. Le Normandie by Alain Roux, a fine-dining establishment at the renowned Mandarin Oriental, Bangkok, is one to be particularly aware of. This elegant dining room with its stunning view of the Chao Phraya River is the perfect setting for this white-glove experience. Make sure to reserve a window seat to enjoy the exquisite and creatively prepared French cuisine while taking in the sunset and the colorful boats on the river.  Thai Spa  It's no secret that Bangkok offers the best spa and wellness experiences – all you need to do is select your favorite atmosphere. Bangkok has a monopoly on the wellness market, whether it's a lavish spa palace or a simple shop tucked away down a tiny alley. Thai massages are different from other massage styles in that they don't use oils or aromatherapy. Instead, they concentrate on acupressure, passive stretching, and expanding your muscles' range of motion. Bangkok is a great place to try a Thai massage if you've never had one.  Wat Arun  Wat Arun is among the most well-known of the more than 37,000 temples, or wats, that can be found all over Thailand. The temple complex glows golden at night, and the 269-foot-tall prahng, a Khmer-style tower, protrudes from the banks of the Chao Phraya River. One of the rare temples in Thailand that you can climb, you'll be rewarded with stunning views of the surrounding temple complex and river after making your way up the steep and narrow stairs.  Smiling Albino  You can be sure that the people behind Smiling Albino are knowledgeable because they have been in the business since 1999. They provide trips to neighboring villages, cultural excursions, and private experiences in Bangkok, all under the umbrella of custom luxury. They also plan week-long motorcycling tours in Vietnam, cycling tours in Nepal, and trekking excursions in northern Thailand. Every trip is tailored to your interests. There are no microphone-screamed explanations from coaches, just in-person drivers and guides.  Fine Dining  This six-course meal, which is served on a vintage wooden rice barge, serves as a great introduction to Thai cuisine and some of Bangkok's must-see riverside attractions. Make a reservation so you can decide what to see during the day while enjoying delicious dishes like a creamy coconut and turmeric soup with charcoal-cooked chicken. There is also a dry-ice performance on mango sticky rice, and a curry amuse bouche topped with gold leaves. The experience is ideal for a laid-back, romantic evening on the water, and the friendly service is on par with any fine-dining establishment on land.  Bangkok Art & Cultural Centre  Once you've visited the major tourist attractions, you might want to take a closer look at Bangkok by going somewhere a little less well-known. The Bangkok Art & Cultural Centre provides just that. This open area supports local and global exhibitions of art and culture. This is the best gallery in the city to check out if you're interested in seeing the work of young Thai artists. As an art fanatic this could easily be one of the coolest things to do in Bangkok.  Chao Phraya River  The Chao Phraya River is Bangkok's lifeblood, and the city's most prestigious luxury hotels, most historic neighborhoods, and most popular tourist destinations are located along its banks. The best way to introduce yourself to the famous Bangkok skyline and get a peek of everyday life in the area is to take a cruise down the Chao Phraya. There are numerous ways to access the river, ranging from daytime sightseeing trips to dinner cruises in the evening. Take the Chao Phraya Express Boat, though, if you truly want to travel like a local. The public water taxi goes all the way up to the nearby province of Nonthaburi, making stops at busy docks along the river.  Ayutthaya  Train travel to Ayutthaya from Bangkok takes about one hour, making it an ideal day trip destination. This is one of the best things to do in Bangkok. Ayutthaya offers visitors a window into Thailand's past as the former capital of the Kingdom of Siam. Gorgeous 14th-century palaces and temples can be found in the capital of the preserved kingdom. The temple ruins offer a unique glimpse into the past of this region of the world for those who choose to explore them.  Wrapping Up  There you have it, a summary of my experiences and the best things to do in Bangkok! Leave a comment below if you have any more advice or recommendations. You are in the best position to see everything else this amazing country has to offer from Bangkok. You could travel south to the notorious Thai islands, or you could head north to the more laid-back tourist destinations of Chiang Mai, Chiang Rai, and Pai. If you have thoughts to share or questions on things to do in Bangkok please leave a comment below. We would love to hear from you! Read Also: Florida Dreams: RV Camping Along the Sunshine State’s Shore Top 7 Places To Visit For An Asian Solo Traveler Wonders of the Waves: RV Camping Along Oregon’s Coastal Beauty