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 Sydney From The Air

See Sydney From The Air: Why We Love It

BY  Sibashree Jul 23, 2025

You and your family should have some vacation time coming up. This can be for a weekend or longer. Visiting the great city of Sydney is a great decision.  Everyone knows that when you go on vacation, there never seems to be enough time to visit everywhere that you want to see.  There are plenty of bus tours and walking tours around the city, and while these are beneficial for your health, you don’t get to see everything, which can be very disappointing. This is one of the reasons why many people decide to hire chopper, which many people commonly refer to as a helicopter.  When it comes to sightseeing, there is no better way to see the city than from the air. You get to kill two birds with one stone here because you get to ride in a helicopter for the very first time, and you also get to see what Sydney is really about.  The Reasons Why It Makes Sense To View The City Of Sydney From The Air The following are some of the top reasons why it makes perfect sense to view the City of Sydney from the air. 1. You Get A View like No other Once the helicopter is high enough, you can actually see the whole city from the best vantage point. It will allow you to see the many buildings, the Sydney Harbour Bridge, and the water that flows beneath it. There are so many landmarks to be seen and you will get to see all of them in a fraction of the time. You will not have to experience any of the noise that the city provides, and you get to see everything without interruption. 2. No Crowds To Contend With  The reason why you’re going to Sydney is because it is an incredibly popular destination. The place serves as a tourist attraction not only for Australians but for people from all across the world.  This means that it gets incredibly crowded at certain times of the year. Therefore, the tourists should embrace anything that allows them to avoid these crowds.  There will be no queues for you, no waiting to take a photograph because you will be viewing everything from the comfort of your seat in the helicopter. Things You  Get To See & How You Can Enjoy  As was pointed out earlier, you only have a certain amount of time to see the city, and as everyone keeps telling us, time is money. You could spend the whole day walking around the city and still not get to experience everything, but in about 30 minutes in a helicopter, you get to see the complete city. It is an unforgettable experience that everyone needs to enjoy at least once in their lifetime. People often like to take photographs either with their camera or their smartphone. A helicopter tour allows you to take the best photographs imaginable. You will get to take a picture of the city's skyline. The tour includes the Sydney Harbour Opera House and many of the city's popular tourist attractions. While touring in Sidney, you get to see the iconic places and the destinations from the air within minutes.  However,  you would not have been able to do that if you were travelling on the ground.  You get to see the following things: 1. Sydney Tower Eye: As the helicopter flies on the skies of the city, you get to see the Sydney Tower Eye. Sydney From The Air looks the most mesmerizing and incredible. Travellers get an incredible feeling when they get to see the tower where they must have gone shopping. 2. Opera House  The Opera Tower looks like a small flower which can literally fit into your hands. Therefore, you get the best view of Sidney from the air.  The monument looks smaller than anything, and you get to see it from an angle which you have never seen before. 3. Harbour Bridge  Enjoying the aerial view of the Harbour Bridge while watching Sydney from the air is an experience. As a result, no one shall ever forget it in their life. The cars and the vehicles on the bridge appear to be tiny, while the helicopter passes over the bridge. You feel like you are watching your own LEGO city, but the truth is that they're real. 4. Pynchgut Island  The chopper crosses Pinchgut Island after crossing the Harbour Bridge. The flyers get to see the ancient fort from the sky.  5. Watson Bay  The flyers then enjoy the incredible view of the turquoise blue waters of Watson Bay.  The flyers get to see the ocean like they are flying a drone.  However, the flyers in a helicopter get a firsthand view of the entire thing rather than flying a drone. The waves and the people on the beach, everything overall looks very tiny and incredible. 6. Dover Heights  The helicopter then passes by the cliffs of Dover Heights. The passengers, therefore, enjoy the view from the windows of the helicopter. 7. Bondi Beach  The helicopter then flies to Bondi Beach. 8. Sydney Skylines  The flyers, therefore, get an overall tour of the entire Sydney Skyline while they enjoy Sydney From The Air. IS Tour Of  Sydney From The Air Safe? And Other Things You Should Know About The Helicopter Tour Services The companies associated with the tour ensure proper safety for their passengers. They ensure to provide people with the most incredible experience of their life while not compromising safety factors. The operators measure the weight of the flyers. The professionals, therefore, balance people and then onboard them on the helicopter. The operators provide the flyers with a safety kit which ensures safety during crisis. Other Facilities Provided By The Helicopter Company : The helicopter companies in Sidney also provide multiple other facilities, such as free parking. Therefore, tourists do not have to worry about parking.  The flying companies also provide free pickup and drop-off facilities after the ride is over.

READ MORE most dangerous cities in california

Crime and Caution: Navigating the Dark Side of California’s Cities

BY  Abdul Aziz Dec 23, 2023

A tour of Los Angeles will include a walk through a large, palm tree-lined cemetery. Tributes to Hollywood's dark past can be found lurking among the city's soiled streets, well-kept lawns, and dusty canyons. These include long-abandoned mansions and the famous Hollywood sign. The City by the Bay, San Francisco, is a tourist haven. San Francisco attracts nearly 15 million tourists a year with attractions like Fisherman's Wharf, Alcatraz tours, the Golden Gate Bridge, and Haight Ashbury. But this new American city is not without its dark side. It has a history of kidnapping, fraud, terrorism, assassinations, and serial killings. Here is a short dissection of the most dangerous cities in California. We are also including a few of the most well-known crimes committed in various parts of the state. Most Dangerous Cities In California The list below comprises the incorporated municipalities of California with some of the highest crime rates. These cities have a population of 50,000 at best. Here are the most dangerous cities in California: Stockton San Bernardino Oakland Compton Richmond Lancaster Vallejo Modesto Victorville Huntington Park Criminal History Of California America is a land of dreams for the biggest chunk of the global population. California is a hub of technological and social zenith. No one expects it to hold out on dark secrets and scandals. According to the FBI, the most dangerous cities in California have a lot of twisted history. Here are some of them. The Assassinations of Harvey Milk and George Muscone, San Francisco City Hall The newly appointed class of city supervisors in 1978 was the most diverse in the history of San Francisco. Dan White, a staunch conservative and former police officer and firefighter, and Harvey Milk, the freshmen supervisor and gay activist, were the two men in this class. Even though Milk and White had different political and lifestyle philosophies, they developed a cordial working relationship. But this relationship quickly turned deadly and hostile. With ten extra bullets and a.38 caliber handgun, Dan White entered City Hall on November 27, 1978, intending to confront Mayor Muscone face-to-face. Muscone shot him after he once more rejected to be reinstated. When White realized how much Harvey Milk had contributed to the incident, he went to his office and brutally murdered Milk. On that day, Dan White admitted to the crimes. The strategy employed by White's defense team during the trial was nearly as well-known as the crimes done. The "Twinkie defense" contended that White's extreme sugar and carbohydrate intake before the crime caused his mental instability. The narrative concludes where it started: after receiving his sentence, White went back to San Francisco and committed suicide. The Kidnapping of Patty Hearst, Hibernia Bank The Symbionese Liberation Army (SLA) kidnapped 19-year-old Patty Hearst from her family's condo on February 4, 1974. Patty is the great-granddaughter of business tycoon George Hearst and the granddaughter of publishing mogul William Randolph Hearst. She and multiple other SLA members later pilfered a Hibernia Bank branch. Patty, brandishing an M-1 carbine, declared her membership in the SLA. A single innocent person lost their life, and the SLA fled with more than $10,000. Although Patty and her friends managed to get away, the FBI quickly found them. In 1976, Hearst went on trial. Attorneys for Patty contended that she developed Stockholm syndrome—a psychological reaction in which she started to feel sorry for her captors—out of fear for her life. Despite being found guilty, President Carter commuted her sentence in 1979. President Clinton fully pardoned Patty Hearst in 2001. Hearst continues to insist that she was brainwashed and that her crimes were those of a victim of the SLA's mental manipulation. Golden Dragon Massacre, Imperial Palace The Imperial Palace restaurant, formerly known as the Golden Dragon, is located in the center of San Francisco's Chinatown. One of the worst nights in San Francisco's history took place in this restaurant under this name. The organized crime networks that dominated Chinatown's underground market gave rise to two competing teenage gangs: the Wah Ching and the Joe Boys. The Golden Dragon presented the Joe Boys with a chance to assassinate the Wah Ching leaders. Eleven innocent people were hurt, and five innocent people died; neither gang member was hurt. The Washington Street restaurant is still marred by the aftermath of this tragic night. Three of the five Joe Boys members who were detained, found guilty, and sentenced to prison are still incarcerated. The Asian gang task force of the San Francisco police department was established because of the massacre. The Imperial Palace is still operational and offers delicious dim sum. USS Hornet A moored aircraft carrier at the Alameda Naval Base is among the world's most haunted ships—not a pirate ship sailing the high seas. Commencing in 1943, the eighth USS Hornet engaged in numerous combat missions throughout the Pacific. Over 300 people died on board during her 27 years of active duty, many of them from suicide. Although the ship is not in operation at the moment, both the crew and guests have paranormal stories about things moving, doors opening on their own, toilets flushing, and even spectral sailors prowling the decks. The Zodiac Killer The San Francisco area was the scene of one of the most well-known unsolved crimes in history. This crime scene single-handedly made every corner of the state dangerous. About 40 miles northeast of the city, on Lake Herman Road in Benicia, California, the infamous killing spree started. David Faraday and Betty Lou Jensen, two high school students, were discovered dead next to their parked car on December 20, 1968. No witnesses were present. Darlene Ferrin and Michael Mageau were shot dead by an unidentified assailant in Vallejo, California, on July 4, 1969. Mageau lived, but Ferrin perished from her wounds. From a pay phone, the gunman called the police, boasting about his crime with pride. Three local newspapers received letters in their offices on August 1, 1969. The Zodiac Killer would become well-known for his trademark symbol, which was signed by all of the letters, which came from the same source, and all claimed to be the murderer. The murderer insisted on having his letters made public. That year on September 27, two more people came under attack. Zodiac moved his murderous rampage from Napa into the City of San Francisco on October 11, 1969. And Zodiac pulled over his taxi driver at the Presidio Heights intersection of Cherry and Washington Streets. Zodiac eluded capture by the police even inside the city. Zodiac persisted in his letter-writing campaign to the San Francisco media for almost ten years. There were many boasts and threats in each letter, but not all of them came to pass. He said he had killed seventeen people in one of his final letters. This killer's identity is still a mystery, and the crime is still unsolved. Wrapping Up The Hollywood sign, which once read Hollywoodland, is where aspiring starlet Peg Entwistle leaped to her death in 1932. (It's said that her ghost roams the trails in nearby Griffith Park.) Los Angeles feels somber, maybe because so many people come here with high hopes, and the city is hesitant to welcome every new face. The brief career of Ms. Entwistle as a siren and her premature passing at the age of 24 serve as a symbol of the peculiar contrast of the city: it is dazzling yet sinister, alluring yet menacing. There's dirt and secrets in the graveyard just beneath the shiny surface. If you know where to look, you can see the duality of glitter in the dark everywhere in the city, from Compton to Hollywood. Thankfully, a whole industry of tourism deals in the gritty side of the city for those who are interested in noir. If you have thoughts to share or questions to ask about the most dangerous cities in California, please leave a comment below. We would love to hear from you!. Read Also: Heatwaves And Adventure: Traveling To The World’s Hottest Destination From Sunrise To Sunset: A Day’s Itinerary For Exploring Benidorm Hidden Gems: Unearthing The Best Things To Do In Nottingham

READ MORE Authentic Travel Experiences

9 Tips For Authentic Travel Experiences

BY  Arnab Oct 27, 2023

Travel is more than just setting foot on unfamiliar terrain. It's a journey into the heart of a culture, a deep dive into local traditions, and an opportunity to immerse yourself in the essence of a place. Authentic travel experiences allow you to see, taste, and feel the true spirit of a destination. The era of tourist traps is fading. Today, travelers seek genuine interactions, unique tales, and opportunities to venture off the familiar path. So, how can you ensure your next trip is teeming with authentic experiences? Delve into these essential tips. 1. Embrace Language And Communication Mastering a few local phrases can significantly transform your travel. Imagine being in Japan and ordering your meal in Japanese instead of pointing at a menu. Before departing, consider enrolling in Japanese classes online. Doing this not only impresses the locals but also enriches your journey. Language serves as a bridge to deeper interactions and understanding. Dive into local media like films or podcasts. They offer a window into the nation's heartbeat, illuminating its culture, values, and everyday nuances. And keep in mind: patience and an open heart go a long way. Not all conversations will flow seamlessly, but your effort won't go unnoticed. Many appreciate your attempts to speak their language. 2. Opt For Local Accommodations Staying in local lodgings such as guesthouses, bed and breakfasts, or homestays can elevate your journey. In such accommodations, you can feel the warmth of local hospitality and perhaps form lifelong friendships. Often, these places are situated in less touristy areas, letting you explore authentic neighborhoods. Additionally, the owners usually have unmatched local insights and can suggest hidden treasures you won't find in guidebooks. More so, supporting these accommodations boosts sustainability. By backing local businesses, you contribute directly to the community, ensuring a rich experience for yourself and a boost for the local economy. 3. Eat Where The Locals Eat Food plays a central role in travel. Rather than dining at tourist-centric spots, find places where locals congregate. Street food vendors, local markets, and family-run diners often serve the most authentic and tantalizing dishes. Venturing into local culinary scenes also immerses you in a location's cultural and historical narrative. Food mirrors a country's past, influences, and rituals. So, while savoring different dishes, you taste myriad stories and traditions. Stay adventurous and be open to sampling new foods. Some might seem exotic, but they could be the highlights of your trip. Remember, travel isn't just about seeing new places; it's about tasting new flavors, too. 4. Participate In Local Traditions And Festivals Joining local traditions and festivals offers a profound cultural immersion. These events reflect the heartbeat of a community and its binding tales. Whether you're dancing at a festival in Bali or celebrating Carnival in Brazil, active participation profoundly connects you to the local culture. However, approach these events with respect. Stay aware of local customs and etiquette. For instance, if a festival requires a certain attire, respect that. Always ask before taking photos, especially during religious events. While these experiences are new to you, they're integral to many locals' lives. Your attitude can determine whether you're appreciating or appropriating. Respect ensures your experiences are memorable and positive. 5. Take Public Transport Using public transportation isn't just economical; it also offers a front-row seat to everyday life. Riding buses, trams, or trains lets you witness the mundane yet beautiful moments of daily life. Furthermore, public transport can introduce you to lesser-known parts of a city or town. These spots often provide a more authentic experience, whether it's a hidden café, a quiet park, or a lively market. Choosing public transport is also eco-friendly. It reduces your environmental impact, eases traffic, and supports the local economy. So, hop on local transportation during your next trip and discover unexpected treasures. 6. Choose Experience Over Sightseeing While landmarks are captivating, hands-on activities offer unparalleled authenticity. Rather than just sightseeing, dive into local activities. Enroll in a pottery workshop, learn the local dance moves, or whip up local dishes. Such activities immerse you in the details of local traditions. Plus, they often lead to lasting connections with residents. Engaging in a craft or skill provides avenues for rich interactions, leaving indelible memories. 7. Engage With Locals  Conversations with locals offer insights no guidebook can match. Interacting with a street vendor, a fellow commuter, or a café proprietor can deepen your understanding of local beliefs and aspirations. Always approach with genuine interest and respect. Not everyone may be in the mood to chat, but that's okay. When conversations do occur, you might be surprised by the hospitality and warmth. Often, these chats can lead to recommendations for off-the-radar attractions or experiences. Such insider info can redefine your journey, uncovering hidden spots and moments to cherish. Related: Prepping For Your Winter Trip To Salt Lake City 8. Embrace Sustainable Practices Integrating sustainable practices into your travels ensures that the destinations you love remain beautiful and vibrant for future generations. Consider eco-friendly accommodations or those that have sustainable certifications. These places often go the extra mile to reduce waste, conserve water, and support local communities. Another aspect of sustainable travel is conscious consumerism. Opt for handcrafted local products rather than mass-produced items when buying souvenirs or gifts.  This not only supports local artisans but also helps keep traditional crafts alive. Remember, every purchase you make has an impact, and as a traveler, you have the power to make it a positive one. 9. Travel Slowly In this fast-paced world, leisurely travel offers a distinct pleasure. Allowing yourself to explore slowly enables you to soak in the ambiance, sync with local rhythms, and form genuine bonds. Instead of rushing from one spot to another, meander through lanes, relax in parks, or savor extended meals. Slow travel emphasizes mindfulness, helping you appreciate nuances—the scent of fresh bread, the sound of laughter, or the art in local crafts. These moments often encapsulate a destination's essence. In Conclusion True travel goes beyond sightseeing—it's about immersion, comprehension, and connection. By diving into local languages, traditions, and activities, you not only elevate your travels but also leave a positive mark on the places you visit. Embracing these tips means every journey offers a chance to evolve. Here's to more authentic and unforgettable adventures. Safe travels! Read Also: Thailand Travel Guide: This Is The Best Time To Visit Stay Safe And Satisfied: Exploring Paraguay’s Culinary Delights With Travel Insurance In Mind A Newly Launched Tool ‘Skyscanner’ Inspires Travelers To Book Travel Destinations With Ease And Confidence