Convert South Korean Won (KRW) to US Dollar (USD)

When to use KRW → USD

KRW to USD produces very small decimals — 1 won is about 0.0007 USD. Korean prices, salaries, and rents are quoted in whole won (or thousands of won, written 천원), so converting to USD often needs four to five decimal places. The Bank of Korea publishes its own reference rate; the major remittance corridors (Korea → Vietnam, Philippines, China for foreign-worker remittances) and the reverse flows from Korean diaspora abroad both depend on this conversion.

How to convert South Korean Won to US Dollar

1. 1

   Enter your amount

   Type the value in South Korean Won you want to convert into US Dollar.

2. 2

   Read the live rate

   At today's mid-market rate, 1 KRW equals 0.000748 USD. Your full amount is recalculated as you type.

3. 3

   Use the number, not the quote

   Banks, brokers, and card networks add a spread of 0.5–3 % on top of the mid-market rate. Treat Convertitive's number as a reference, not a price you can actually trade at.

KRW to USD conversion table

Common amounts at today’s rate of 1 KRW = 0.000748 USD.

Frequently asked questions

What is 1 South Korean Won in US Dollar?

1 KRW = 0.000748 USD at today's mid-market rate.

What is 100 KRW in USD?

100 KRW = 0.074839 USD.

What is 1 USD in KRW?

1 USD = 1,336.20 KRW — the inverse of the rate above.

Where do these rates come from?

The European Central Bank publishes daily reference rates around 16:00 CET. Convertitive consumes them through the Frankfurter open data service and refreshes its cache every hour.

How often is the rate updated?

Up to once per hour, and only when the ECB itself has issued a new value. Over weekends and holidays the displayed rate stays at the previous business day's close.

Why isn't this the rate my bank quotes?

Mid-market rates are a benchmark; retail banks and card networks add a spread on every conversion to cover their costs and margin. Expect that spread to be 1–3 % on most card transactions and 0.4–0.8 % at large brokers.

Can I use this for accounting or invoicing?

Use it as a reference. For official accounting, most jurisdictions require a documented rate from a central bank or your tax authority (which often publish their own daily values).

What's a 'mid-market' rate?

The midpoint between the buying and selling prices that wholesale banks quote each other. It's the closest thing to a 'real' rate for an individual to compare against.

About South Korean Won and US Dollar

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Sources

• European Central Bank — euro foreign exchange reference rates
• Frankfurter — open ECB rates API