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
49350 reviews

1 USD = 1126 KRW

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) :- 1126.495 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 1126.495
50 USD TO KRW 56324.75
100 USD TO KRW 112649.5
250 USD TO KRW 281623.75
500 USD TO KRW 563247.5
1000 USD TO KRW 1126495
5000 USD TO KRW 5632475
10000 USD TO KRW 11264950

Click To Compare Money Transfer Services For The Following

EUR USD GBP INR PHP CAD MXN CNY
USD 0.86335 1.00000 0.76020 73.77070 54.04383 1.29947 18.83498 6.91690
GBP 1.13568 1.31544 1.00000 97.04091 71.09140 1.70937 24.77628 9.09877
AUD 0.61605 0.71356 0.54245 52.63982 38.56352 0.92725 13.43989 4.93562
CAD 0.66439 0.76955 0.58501 56.77005 41.58929 1.00000 14.49441 5.32288
EUR 1.00000 1.15828 0.88053 85.44744 62.59812 1.50515 21.81626 8.01174