About South-korea

South Korea, officially known as Republic of Korea is a country in East Asia is highly urbanized. It is a developed country with high-income economy. Nearly 80% of Korean expats live in 3 countries - China, Japan and the United States. Korea also receives maximum foreign remittances from these 3 countries.

In year 2015, Korea received remittance inflow of $ 6.45 billion; the maximum share in this was sent by USA that was around $ 2.89 billion. Currency of South Korea is South Korean Won (KRW) but you can also send remittances to South Korea in US Dollar (USD).

When you want to send money to South Korea, you should explore various money transfer services available and compare those for exchange rate, fees, transfer time and offers. You should also check their reviews and the mid-market exchange rate. You can save lot of time and money by using a unified platform for all these - ExchnageRateIQ.

Top Money Transfer Services To Send Money To South-korea

transferwise's Reviews
42805 reviews

1 USD = 1116.9 KRW

ria's Reviews
1759 reviews

1 USD = 1088.19 KRW

One offers available
Special Offer Complete your first money transfer with Ria and get a $10 Amazon Gift Card

Transfer Type And Modes

Pay In Options

 Bank
 Cash

Pay Out Options

 Bank
 Cash

Historical Mid Market Exchange Rate From US Dollar (USD) to Korea South Won (KRW)

Current Exchange Rate(Mid Market) :- 1117.3 KRW/USD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion USD To KRW

Send US Dollar To SOUTH-KOREA Receive Korea South Won
1 USD TO KRW 1117.3
50 USD TO KRW 55865
100 USD TO KRW 111730
250 USD TO KRW 279325
500 USD TO KRW 558650
1000 USD TO KRW 1117300
5000 USD TO KRW 5586500
10000 USD TO KRW 11173000

Click To Compare Money Transfer Services For The Following

EUR USD GBP INR PHP CAD MXN CNY
USD 0.85791 1.00000 0.75398 68.09500 53.39050 1.32917 20.08243 6.50808
GBP 1.13784 1.32629 1.00000 90.31383 70.81138 1.76286 26.63516 8.63161
AUD 0.63700 0.74250 0.55983 50.56052 39.64243 0.98691 14.91120 4.83224
CAD 0.64545 0.75235 0.56726 51.23139 40.16843 1.00000 15.10905 4.89636
EUR 1.00000 1.16562 0.87886 79.37280 62.23296 1.54930 23.40845 7.58593