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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Walking On Sunshine: Exploring The Magic Of Vietnam’s Golden Hand Bridge!

BY  sagnika Oct 5, 2023

Are you one of those who loves taking stunning photographs of monuments worldwide? The Golden Hand Bridge is one of the striking monuments that can give you the perfect backdrop for your picture or a wallpaper-worthy photo. The Golden Hand Bridge in Vietnam is an attraction in a themed park that was recently added to the list of beautiful places worldwide. The bridge's construction started in July 2017 and was completed in April 2018. A stunning and unique architectural wonder, Golden Hand Bridge deserves all the attention and popularity it is getting! It is beautifully located in the Ba Na Hills Amusement Park in one of the major cities, Da Nang, in Vietnam. The attraction has become viral due to social media platforms! In this article, I am writing about how walking on the Golden Hand Bridge in Vietnam feels! It is like walking on sunshine as the environment adds up to the beauty of the bridge! Walking On Sunshine: Exploring The Magic Of Vietnam's Golden Hand Bridge! The amusement park in which the Hand Bridge has been built is a Disney-style theme park known as Ba Na Hills. Hand bridge is another common name for the Golden Bridge! You can see it all over social media as people visit the place and create beautiful pictures. If you want to visit the Golden Bridge Vietnam, you can take a guided tour of the Ba Na Hills from Hoi An or Da Nang! Along with the bridge, other things are included in the guide, such as Fantasy Park, the French Village, and the Cable car ride. The whole trip will take at least 3 hours to cover! If you are taking a car ride from the city, it will take some time. You will have to pay 750000 dong to visit the bridge, which might seem more expensive for some, especially if the weather is overcast! You still have to visit the bridge because it is one of a kind! Costs Of Tickets To Visit Golden Bridge Da Nang! You do not have to pay any money to visit the bridge. However, the Ba Na Hills Resorts owns the Golden Bridge Da Nang Bridge. The bridge is included in the Sun World Ba Na Hills tourism complex, so the rate of visiting the resort is included in the ticket price for the cable car. You have to reach the resort by car while reaching the hilltop of Ba Na Hills by cable car. The ticket price for adults for a round-trip is $38.30! You can visit the bridge in two seasons, extending from April to September and October to December. For children whose height is between 1m and 1.4m, the round-trip tickets cost around $31.01! Children below that height can visit where their parents do not need to buy any tickets. There are also offers with a lunch buffet and combo cable car tickets priced around USD $46.38. About Golden Bridge Da Nang! One of the most photographed spots located within Ba Na Hills, Golden Bridge Da Nang is a 500-foot-long bridge with railings shining in golden color. 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While returning, tourists are picked up from Ba Na between 14:30 and 15:30 to return once the Bridge tour is done. For tourists, it can be restrictive at times! Transfer Car From Danang To Ba Na The transfer car starts from 72 Nguyen Chi Thanh and takes tourists to Ba Na Hills, with the round-trip ticket costing around $2.98 per head. This transportation is convenient for visitors planning to visit Ba Na in the morning, but there will be issues for evening visitors! Again, with the pocket-friendly rate, the car is restricted concerning the timing of the transfer car, which only functions between 8:30 in the morning and 18:00! Motorbike Rental If you are young and know how to ride a motorbike or your partner knows, go for the motorbike rental! It is one of the best choices for tourists because it creates opportunities for you to enjoy nature and its beauty. This transportation choice lets you stay the most active concerning your travel plans. The motorbike rental price ranges from $4.26 to $6.38 per head. What Is The Best Time To Visit The Golden Bridge Da Nang? What is the perfect time to visit Golden Hand Bridge in Vietnam? The opening hours of the bridge start at 8:00 AM, while it closes at 18:30. Considering it is one of the recent and popular attractions on social media, there is a huge crowd. You must know the crowded time while visiting the bridge is between 9 AM and 17:00. So, if you plan to visit the bridge to avoid the rush or the crowd, you must visit either before 9 AM or after 17:00 PM. You can experience four seasons, namely summer, winter, spring, and autumn when you go to the bridge. The cool atmosphere you enjoy up on the bridge is amazing, along with the beautiful scenery. When taking pictures of the attraction, you have to include one of the hands in your photo! It looks majestic! Along with that, you can also opt for panoramic photos. Either simulate the hand or stand inside it to show the magnificent perspective of it. Places To Visit While On the Golden Hand Tour! Based on my understanding of other people's experience of the place, you can visit the place either in the morning or afternoon. If you are hoping for foggy pictures or with the sun rising high on the clouds, go in the morning! Sometimes, you can also catch birds flying, which is a beautiful visual! However, if you are looking for more light, glowing sun in your pictures, you can go in the afternoon. The sunset is just perfect in the afternoon, with a romantic vibe. If you are visiting with your partner, it is the perfect time to go, especially when the photographs will be to die for! Apart from the Golden Hand Bridge, remember that there are other places to visit, such as an amusement park called the Fantasy Park. How can you remember the restaurants and cafes that are of different styles? You have to try the delicious food and beverages there. Further, you gotta visit the Ling Ung Pagoda and the flower gardens. Weather Must Be Taken Into Consideration! Image Source : images.rove.me/ The Golden Hand Bridge has been constructed to be up in the clouds. It is, therefore, important to consider the weather when visiting the Golden Hand Bridge. According to a review on Tripadvisor by udontnomee3e, an overcast day is a bad day to visit the bridge! If the weather is rainy, cold, and cloudy, there is a high chance that you will not be able to enjoy the attraction or take good pictures. The issue, however, with it is that you cannot know what the weather will be when you go up from below because the weather is completely different! During bad weather, the visibility becomes terrible, and the steps become slippery. It isn't obvious because when you are on the ground, you will not realize the weather status on the bridge. At the top, it might be completely different! Highlight Of The Golden Hand Bridge! Image Source: d13jio720g7qcs.cloudfront.net The bridge has hosted a fashion show called "A Walk on a Cloud" fashion by the Fashion Voyage. It is a groundbreaking achievement, especially with the spectacular natural view and a harmonious blend of architecture. The bridge has inspired many designers from the fashion industry to create something that represents out-of-the-world structure. Many couples have done their wedding photo shoots, especially if the location has been accessible. Even though it looks artificial, the bridge is quite interesting in becoming a worldwide photography sensation. It is nothing close to Disneyland, but the amusement park in which it has been made has created quite a stir and an awareness! Accommodation At Ba Na Hills! If you are planning to stay at Ba Na Hills, consider the tour of the Golden Hand Bridge, which can be completed in less than one day! There are other features and attractions that you have to complete, and then you have to book your accommodations there. Some of the best hotels or resorts that you can book while on a trip to the Golden Hand Bridge are as follows: Monarque Hotel - This hotel is a beautiful stay with all the amenities made available! The hotel is mostly for accommodation as the outside is so beautiful and filled with activities and attractions for you to visit. The distance of the hotel is 27.7 km from the Golden Bridge. If you are on a romantic trip, this hotel is definitely for you, as it is perfect for a romantic getaway! As partners, you can enjoy yourselves in the pool apart from the beautiful scenery outside. Muong Thanh Luxury Song Han Hotel - This hotel is 24.6 km from the bridge and is one of the best regarding family stays. The hotel has all the services and amenities, especially with amazing staff services. 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Read Also: These Are The Closest Beaches To Ohio That You Need To Go For A Dreamy Vacation! These Are The 30+ Things To Do In Mexico City That You Must Try!

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Solo Globetrotter’s Guide: Must-Have To-Do’s For Traveling Alone

BY  Abdul Aziz Jul 28, 2023

Traveling alone can be a liberating and transformative experience. It allows you to explore the world on your terms, embrace new cultures, and discover your inner self. However, some essential preparations are necessary to make the most of your solo adventure. In this article, we will present some crucial tips for solo globetrotters to ensure a safe, enjoyable, and enriching journey. So, let's begin! Relax With A Spa Day Or Wellness Indulge in the ultimate self-care by treating yourself to a blissful spa day. Unwind with rejuvenating massages, facials, and pampering treatments that rejuvenate both body and mind. Embrace wellness activities like yoga or meditation to find inner peace and harmony during your solo journey. Take a moment to cherish the serenity of your surroundings, and don't forget to bring along your favorite self-pleasure devices like real whizzinator XXX to enhance the relaxation experience. It's the perfect way to recharge and nurture yourself while creating lasting memories of tranquility. Attend A Live Music Performance Or Theater Show Immerse yourself in the vibrant local culture by attending a live music performance or captivating theater show. Whether it's a lively concert or an intimate theater production, the energy and creativity of the performers will leave you enthralled. As you enjoy the artistic expressions, you'll also have the chance to connect with other attendees, fostering new friendships and shared experiences. Embrace the magic of the moment, relishing the independence of solo travel while being part of a more significant communal celebration of the arts. Attend Cultural Events Or Festivals Take part in cultural events and gatherings to get to know the soul of the place. Get involved in their cultural activities and celebrations that show who they are. Talk to the friendly people who live there. 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Top 8 List Of National Parks In North Carolina – Travel Guide

BY  Subham Saha Sep 29, 2021

A long piece of green land from the Atlantic Coast to the feet of the Appalachian Mountainsins is North Carolina. North Carolina is famous for its 500 miles of green stretchy land. And the multiple national parks in North Carolina are the best tourist spots in the entire nation. Nc national park is quite popular because of the natural greenery, and these parks are the home of many wildlife. From the green smokey mountain to the Atlantic ocean, all you will find is ample green land full of wild lives. When you are in North Carolina, you can enjoy your travel days with multiple activities. But when you are in North Carolina, do not miss out on any of the national parks in North Carolina. Because these parks are quite popular not only in North Carolina, the popularity of the parks is spread throughout the whole nation. 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