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
41257 reviews

1 USD = 1077.61 KRW

ria's Reviews
930 reviews

1 USD = 1057.03 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) :- 1077 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 1077
50 USD TO KRW 53850
100 USD TO KRW 107700
250 USD TO KRW 269250
500 USD TO KRW 538500
1000 USD TO KRW 1077000
5000 USD TO KRW 5385000
10000 USD TO KRW 10770000

Click To Compare Money Transfer Services For The Following

USD GBP INR PHP CAD AUD MXN CNY
USD 1.00000 0.71595 64.89900 51.81100 1.26335 1.27567 18.54124 6.33650
GBP 1.39676 1.00000 90.64803 72.36729 1.76459 1.78180 25.89758 8.85054
AUD 0.78390 0.56123 50.87432 40.61464 0.99034 1.00000 14.53448 4.96718
CAD 0.79155 0.56670 51.37048 41.01074 1.00000 1.00975 14.67623 5.01563
EUR 1.22945 0.88022 79.79026 63.69918 1.55323 1.56838 22.79558 7.79043

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