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 where to stay in istanbul

Where To Stay In Istanbul For First Timers? Here Are The Best Hotel Suggestions 

BY  Sibashree Feb 4, 2026

Istanbul is massive, and for a first-timer, overwhelming. Also, it’s a city that spans across Europe and Asia.  The European areas have their own vibe. and the Asian counterparts nurture distinct cultures.  Also, there is a more subtle divide between the historical landmarks and a more local experience. Each side has its pros and cons.  So, a struggle to find the perfect accommodation can be a challenge.  Hi, in today’s blog, I will talk about where to stay in Istanbul. I have enlisted the budget-friendly, mid-range, and luxury hotel options in this largest city in Turkey. Also, if you want to explore nature-based tourism in Turkey, you can read my guide on Pamukkale, a place rich in historical heritage and natural beauty. Map Of Istanbul As a first-timer, the Sultanahmet Area will be the best place to stay in Istanbul for you. However,  I want you to be familiar with the map of Istanbul so that you can explore more localities.  In other words, if you are visiting Istanbul for the first time, you must explore the following localities.  1. Sultanahmet Sultanahmet is on the European side of Istanbul. As the heart of the Old City, it offers access to all the important historical landmarks.  However, Sultanahmet is touristy and expensive. So, as a first-timer, it may be difficult for you to connect to the city’s true vibe.  Still, it is at a walkable distance of major attractions such as the Süleymaniye Mosque, Blue Mosque, Hagia Sophia, Grand Bazaar, Basilica Cistern, and Spice Bazaar.  2. Galata Galata is close to the Galata Bridge and the Golden Horn. It is a trendy neighborhood. So, you will find many cozy cafes here.  However, the hotel options here are a little less because it is a hilly region.  The places to stay in Galata are Karaköy, Istiklal Avenue, and Galata Tower. Also, don’t miss a stroll across the Galata Bridge.  3. Taksim On the European side of the city, Taksim is located on Galata’s north. Here, hotel options are diverse, and it has a vibrant nightlife.  Furthermore, it is a shopper’s delight!  However, with so many shops, hotels, and restaurants around and a vibrant nightlife, this locality can get crowded and noisy.  Nevertheless, from Taksim, you can enjoy a stroll on Istiklal Avenue, visit the Republic Monument, and the Taksim Mosque.  In addition, it is the best place in Istanbul to try local street food and enjoy a ride in vintage red trams.  4. Kadıköy and Üsküdar Across the Bosphorus, Kadıköy and Üsküdar have the soul of Istanbul. Also, food and accommodation in this Asian part of the city are much cheaper than in other regions.  However, it is quite far away from the city center, and the hotel options here are limited.  Nevertheless, the places to see near Kadıköy and Üsküdar are Kadıköy Market, the promenade’s waterfront, and Çamlıca Mosque.  From here, you can also take a ferry to explore the European parts of the city.  Where To Stay In Istanbul? Know The Localities And Hotel Options  Do you want to stay near the European part of the city? Or, do the Asian parts of the city attract you more? Let’s start with checking the accommodations at Sultanahmet.  1. Places To Stay In Sultanahmet I have the following recommendations regarding the best places to stay in Sultanahmet.  Luxury Accommodation • Four Seasons Hotel Istanbul• White House Hotel Istanbul• Seven Hills Hotel Istanbul SultanahmetMid-Range• Kate Hotel Special Class & SPA• Sura Hagia Sophia Hotel• Hotel PoemBudget Hotel • Sultan Hamit Hotel• Cheers Hostel • Luxury Accommodation In Sultanahmet The Four Seasons Hotel Istanbul, White House Hotel Istanbul, and Seven Hills Hotel Istanbul Sultanahmet are the best luxury accommodations in Sultanahmet.  Four Seasons Hotel Istanbul It was previously an Ottoman prison. Now, it functions as a five-star hotel near the Blue Mosque and Hagia Sophia.  The best things about this hotel are the courtyard and the roof. Furthermore, you can enjoy fine dining and a full-service spa experience here.  White House Hotel Istanbul If you want to have breakfast and enjoy the skyscape of Istanbul, the White House Hotel is the best place to be.  Furthermore, its Ottoman-style decor is impressive.  Seven Hills Hotel Istanbul Sultanahmet Enjoy the best panoramic views of Istanbul, including the Bosphorus, Topkapi Palace, and Blue Mosque from the Seven Hills Hotel Istanbul Sultanahmet.  It is, in fact, one of the most popular places to stay in Istanbul if you are looking for proximity to the historic center.  • Mid-Range Accommodation In Sultanahmet These mid-range accommodations are the best for average travelers, offering the comfort you need but at a reasonable price.  Kate Hotel Special Class & SPA For a comfortable hammam and on-site wellness experience, the Kate Hotel Special Class & SPA will be the perfect mid-range hotel option.  Sura Hagia Sophia Hotel It is a neighbor of Hagia Sophia, and it has an outdoor pool for the ultimate rejuvenating experience.  Furthermore, despite being a mid-range hotel, it has various Michelin-awarded dining options.  Hotel Poem It is a boutique hotel, and it’s very close to Hagia Sophia. You will love the view from the rooftop terrace of this mid-range accommodation in Istanbul.  • Budget Accommodation In Sultanahmet Sultanahmet also has some budget-friendly options for solo and budget-friendly travelers.  Sultan Hamit Hotel You have to take a walk for a few minutes from the Blue Mosque to find the Sultan Hamit Hotel.  Cheers Hostel Cheers Hostel is ideal for backpackers and solo travelers. It has bunk beds and private accommodations.  Furthermore, don’t forget to enjoy the views of the Bosphorus from the rooftop of the hostel.  2. Places To Stay In Galata  Enjoy the cozy vibes of Galata and the quaint charm of the cobblestone streets in Galata. Also, if you want to stay here, choose any of the following accommodations.  Luxury Accommodation • Hotel De Reve Galata• The Bank Hotel IstanbulMid-Range• Novus Pera Hotel• The Hotels, GalataBudget Hotel • eraNox Boutique Hotel• Hotel Des Arts Galata • Luxury Hotel Suggestions In Galata Enjoy the luxury of staying in a high-end hotel in a central yet quiet area of Istanbul.  Hotel De Reve Galata You can take a short walk from the Galata Tower to reach Hotel De Reve Galata. Choose a room with a balcony or a spa for the ultimate luxury.  The Bank Hotel Istanbul The Bank Hotel Istanbul stands out because of the Golden Horn views. It has a rooftop bar, and you can even relax in the spa.  • Mid-Range Hotel Suggestions In Galata Galata is the best locality if you are looking for mid-range hotels. I have tworecommendations for you.  Novus Pera Hotel Enjoy the views from the rooms with private balconies and the rooftop terrace of the Novus Pera Hotel. You will also love its minimalist design.  The Hotels, Galata Despite being a mid-range accommodation, it has amenities such as fitness centers, sauna, indoor pool, and rooftop restaurant.  You will also get some budget options at this hotel.  • Budget Hotel Suggestions In Galata EraNox Boutique Hotel and Hotel Des Arts Galata are two budget-friendly hotels in Galata.  eraNox Boutique Hotel The eraNox Boutique Hotel is also very close to the Galata Tower. Some of the rooms in this hotel also offer amazing city views.  Hotel Des Arts Galata Hotel Des Arts Galata is on one of the most Instagrammable streets in Galata. Some of these rooms have balconies, and you can see the Galata Tower from the room windows.  3. Places To Stay In Taksim  Taksim is a modern area, and it is also one of the busiest localities in Istanbul. Check out the best accommodation options here.  Luxury Accommodation• The Ritz-Carlton, Istanbul• CVK Park Bosphorus Hotel IstanbulMid-Range• Gezi Hotel Bosphorus• Mukarnas Taksim HotelBudget Hotel• Ardilas Residence• Santa Rio Taxim Luxury Accommodations In Taksim The Ritz-Carlton in Istanbul is just at a distance of 10 minutes (walking distance) from Taksim Square. It offers amazing views of the Bosphorus.  Another luxury accommodation is the CVK Park Bosphorus Hotel Istanbul, which takes around 5-6 minutes to reach on foot.  You can enjoy a Turkish bath in the large indoor pool of this hotel.  Mid-Range Accommodations In Taksim  Gezi Hotel Bosphorus and Mukarnas Taksim Hotel are two mid-range hotels in Taksim. It is close to the Istiklal Avenue, and it has amenities such as a fitness center and a sauna.  Budget-Friendly Accommodations In Taksim The Ardilas Residence and Santa Rio Taxim are the two budget-friendly hotels in Taksim. It has apartment-style rooms and kitchenettes.  On the other hand, Santa Rio Taxim is a good family-friendly accommodation at an affordable price.  4. Places To Stay In Kadıköy And Üsküdar Kadıköy and Üsküdar are the places to enjoy the local vibe of Istanbul, and they have cheaper accommodation options.  Luxury Hotel SuggestionsWyndham Grand Istanbul Kalamis Marina HotelMid-Range Hotel SuggestionsDoubleTree by Hilton Istanbul ModaBudget Hotel SuggestionsYOLO Hostel Kadıköy Wyndham Grand Istanbul Kalamis Marina Hotel is on the waterfront. Furthermore, DoubleTree by Hilton Istanbul Moda offers amazing views of the Bosphorus.  Moreover, YOLO Hostel Kadıköy is very close to the ferry terminal. 

READ MORE

Grand Teton National Park Animals: Into The Wilderness

BY  Sibashree Sep 30, 2024

High in the mountains, Grand Teton National Park in Wyoming harbors a great ecosystem for wildlife viewing. It is just south of Yellowstone, another great destination for exploring diverse wildlife.  Further, as you indulge in the exotic beauty of the Teton Mountain Range and the Snake River, you will meet bison, bears, mountain lions, red squirrels, and even wolves. It is also home to the most colorful western tanager, bald eagles, and many other adorable birds. Are you charmed by the stealthy nature of reptiles and vipers? You can find garter snakes and rubber boa snakes here.  Fascinating! Isn’t it? Let me share a complete overview of wildlife at Grand Teton National Park. Don’t Miss Your “Spot” To Watch The Grand Teton National Park Animals You may not be a fan of Sheldon Cooper (from Big Bang Theory) and his obsession with his favorite spot. At Grand Teton National Park, you must know about the right spots for wildlife viewing.  Here, I have curated the best spots within the park where you can meet wildlife without causing any disturbance in the space wild creatures demand.  Oxbow Bend Oxbow Bend is one of the most beautiful vistas of the Grand Teton National Park. You often see a grizzly mother bear (grizzly No. 399) taking a stroll with her cubs. Further, the wetlands are mooses.  Oxbow Bend also attracts thousands of colorful birds and reptiles who graze around or visit to drink water here.  Moose Wilson Road The Moose Wilson Road stretches between the Craig Thomas Discovery & Visitor Center and the entrance of Granite Canyon Park.  It is hard to resist taking adorable snaps of bears indulging in berries here. You will also find moose in the wetlands.  National Elk Refuge Spanning 25,000 acres, the National Elk Refuge has 7,000 elk. The best time to visit the National Elk Refuge is between mid-December and early April. Take a horse-driven sleigh ride to meet Elks from a close distance.  The National Elk Refuge also has bison, mountain lions, bald eagles, and bears. Moreover, if you are lucky enough, you can meet wolves here.  Kelly Loop and Antelope Flats Kelly Loop and Antelope Flats are like a hidden gem in Grand Teton National Park. Look at the sagebrush to find a pronghorn or bison passing by.  Grand Teton National Park Animals (Mammals, Birds, Reptiles, Unusual Ones And More) Grand Teton National Park is a perfect coexistence of various species and a wonderful depiction of dependence in the food chain. Let’s find out who has made a home in this beautiful wilderness. Mammals At Grand Teton National Park As you explore the Grand Teton National Park, a small or big mammal will always be around you. Grizzly and black bears are the most prominent animals in the park, and you will also meet bison, moose, bighorn sheep, or elks.  Also, this park has wolves, wolverines, and mountain lions.  Small mammals in the park include red squirrels, chipmunks, Uinta ground squirrels, and long-tailed weasels.  Further, yellow-bellied marmots and squirrels will be your companion as you hike through the trails in the park.  Are you looking for mammals in the water? You will find the adorable muskrats, river otters, and beavers swimming around.  Do you know that moose is the largest antlered animal in the world? A moose can store 100 pounds of food in their stomach.A male moose can weigh as much as 1400 pounds.  Birds At Grand Teton National Park https://www.instagram.com/p/CgNiUMRMfpW/ The vibrant feathers of the western tanagers here are a treat to the eyes. Further, you will meet the calliope hummingbird, trumpeter swans, bald eagles, ospreys, and sage grouse in the park.  Do you know that Grand Teton National Park is the home to The calliope hummingbird? It is the smallest bird in North America and weighs even less than 1/10th ounce. Also, the largest waterfowl in North America, The trumpeter swan, lives here near spots like Swan Lake, Oxbow Bend, National Elk Refuge, and Flat Creek.  Do you want to watch birds romancing with their mates? Find out trumpeter swans moving in pair with their mate for life and sage grouses displaying their courtship in the sagebrush.  Reptiles At Grand Teton National Park https://www.instagram.com/p/CDlzaa-oYU5/ This nation is home to snakes such as rubber boa, valley garter snake, and wandering garter snake. These reptiles are found near the waterbodies in the park. You will also find the northern sagebrush lizard here. It is the only lizard species living in the park.  Amphibians At Grand Teton National Park  Despite a high elevation, cold temperature, and a dry climate, this national park has five species of amphibians. These are: Columbia spotted frogs Western tiger salamanders Western toads Bullfrogs Boreal chorus frogs Northern leopard frogs were found earlier in this area but have become extinct. If you want to spot these amphibians, you must visit Taggart Lake or String Lake.  Native Fish At Grand Teton National Park https://www.instagram.com/p/CgnT_ImrdGZ/?img_index=1 The native and non-native fish at Grand Teton National Park are vivid. Some (for example, mountain suckers) survive on mountain algae, while others (for example, cutthroat trouts) eat small fish and insects. For many animals and birds, like bald eagles, fish is the primary food source in the park. Further, fish is a secondary food source for the local inhabitants. In addition, by eating insects and algae, a fish keeps the spread of these elements in check.  Native Fish At Grand Teton National ParkUtah suckerFine spotted cutthroat trout of Snake RiverMountain suckerSpeckled daceUtah chubBluehead suckerNon-Native Fish At Grand Teton National ParkRainbow troutBrown troutLake troutGuppiesGoldfishGreen swordtail You will also find many aquarium species at Grand Teton National Park.  Species At Risk At Grand Teton National Park Grand Teton National Park is home to many species at risk and species of concern. Further, it has whitebark pine trees, which are up for listing.  Whitebark Pine Trees: Up For Listing  The invasive disease of blister rust and mountain pine beetles greatly harms these trees.  Alarmingly, an NPS Survey (2018) says that 57% of the trees were affected by blister rust, while the beetles harmed 30%. In addition, 40% of the total vegetation died.  Only 15% of the trees were able to produce cones. The pine nuts and seeds are an important food source for grizzly bears, squirrels, nutcrackers, black bears, and other animals in the area. Further, these trees play a crucial role in trapping and retaining snow, as well as in preventing the melting of snow. Thus, they prevent the erosion of steep slopes in the park. Do you know that grizzly bears eat whitebark pine nuts during hyperphagia? Hyperphagia refers to overeating before going into hibernation. These nuts are rich in protein and fat.  Species Of Concern After a magical recovery, Grand Teton National Park’s bald eagles are no longer endangered. However, these birds still fall into the category of the species of concern. Other species of concern in the national park are greater sage grouse and grey wolves. You will find the bald eagles near the Gros Ventre and Snake Rivers. They love eating fish and sometimes prey on carrion, waterfowl, and other small mammals. Greater sage grouse here are known for the most poetic display of their mating in the spring season every year. You will find them in spaces in the sagebrush.  Species At Risk  As a part of the Greater Yellow Ecosystem, Grand Teton National Park is home to around 800 grizzly bears. It has made a recovery from the list of endangered species after a long conservation endeavor and is now a species at threat or risk. Other species at risk at this national park are: Canada lynx Yellow-billed Cuckoo Western glacier stonefly The park gets filled with the knocking call of the yellow-billed cuckoo in the spring.  Small Creatures At Grand Teton National Park Insects play a very crucial role in the food chain system. They help pollinate flowers, function as nutrient recyclers, and feed many animals. So, when you see a violet lupine in Grand Teton National Park, you must know bees are around.  Along with bees,  Grand Teton National Park also has small and mighty ones, such as the Army Cutworm Moth (the food of grizzly bears during the fall season), Bark Beetles, carrion beetles, etc. Beetles are very important for the ecosystem of Grand Teton National Park. They break down woody plants and help return the nutrients to the soil. Further, carrion beetles recycle the minerals found in the corpse of an animal. Thus, these insects help with the decomposition and recycling of essential nutrients.  Over three million people visit Grand Teton National Park every year. Along with wildlife viewing, you can enjoy hiking, biking, fishing, climbing and mountaineering, and backcountry camping here. So, gear up for the best experience in the wilderness.  Also read Top 10 Most Popular Paraguay Food That You Must Try. Top 13 Famous Wonders Of India That You Must Visit! [Updated 2024] Top Tips For Motorbike Rental In Phuket – A Guide To Exploring The Island On Two Wheels.

READ MORE Makeup Bag

What’s In My Makeup Bag During A Trip?

BY  Arnab Apr 29, 2023

This time of the year is amazing for organizing a trip to an amazing summer destination to spend some leisure time with your loved ones. But packing for a trip can be both exciting and overwhelming, especially when it comes to your beauty essentials. It's essential to pack smartly and efficiently to ensure that you have everything you need while still leaving enough space in your luggage. One of the most crucial aspects of packing your makeup bag is choosing the right products. With limited space and weight restrictions, it's crucial to bring only the essentials that you will use throughout your trip. If you're unsure which items to include in your travel makeup bag, you are in the right place! Here Are Four Important Essentials Things To Keep With Your Makeup Bag Read below and we've got your back! We have for you a list with all the essentials to keep with your makeup bag during a trip, in order to feel fresh and pretty on every occasion! 1. Moisturizer with SPF One of the most crucial products to pack in your makeup bag is a moisturizer with SPF. Traveling can cause your skin to become dehydrated and dull due to different climates, water, and air. By using face moisturizing products with SPF, you can hydrate and protect your skin from the sun's harmful UV rays. This way, you can enjoy your trip without worrying about sunburn or premature aging caused by sun damage. 2. Mascara Moreover, if you love makeup you might already know that quality mascara is a must-have item in any travel makeup bag. It instantly opens up your eyes and makes them appear more awake. Opt for a volumizing or lengthening mascara that suits your lash type and enhances your natural beauty. Choose a waterproof mascara that can cope to prevent smudging and smearing, especially if you'll be swimming or sweating. In case you don’t have quality mascara, it is time for shopping! A mascara will make your eyes look amazing and your makeup even more impressive! 3. Multi-use products Another amazing tip to save space in your makeup bag, consider bringing multi-use products. For example, a light-tinted moisturizer with a high SPF can provide hydration, coverage, and sun protection in just one step. You can also use it as a base for your makeup or as a touch-up during the day. Similarly, cream blush can double as a lip tint and add a pop of color to your cheeks. 4. Brushes or sponges Last but not least, don't forget to pack the tools you need to apply your makeup. Brushes or sponges can make a huge difference in how your makeup looks and lasts throughout the day. Choose the ones that work best with your makeup products and bring a compact brush cleaner to keep them clean and hygienic. Choose to buy some quality brushes because they are very important when it comes to the final result. A quality sponge will apply the concealer much better than a cheap one. Read Also: Make Your Summer Vacation Fun-Filled And Enjoyable This Year The Best Resort Spa & Wellness Island Experience! Sizzling Summer Road Trip Destinations