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
44862 reviews

1 USD = 1134.18 KRW

ria's Reviews
1942 reviews

1 USD = 1109.78 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) :- 1137.08 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 1137.08
50 USD TO KRW 56854
100 USD TO KRW 113708
250 USD TO KRW 284270
500 USD TO KRW 568540
1000 USD TO KRW 1137080
5000 USD TO KRW 5685400
10000 USD TO KRW 11370800

Click To Compare Money Transfer Services For The Following

USD GBP INR PHP CAD AUD MXN CNY
USD 1.00000 0.78769 70.26460 53.52000 1.31375 1.38199 19.19049 6.93715
GBP 1.26953 1.00000 89.20302 67.94525 1.66785 1.75448 24.36290 8.80692
AUD 0.72359 0.56997 50.84303 38.72674 0.95062 1.00000 13.88612 5.01968
CAD 0.76118 0.59958 53.48400 40.73834 1.00000 1.05194 14.60741 5.28042
EUR 1.13446 0.89360 79.71219 60.71616 1.49039 1.56781 21.77079 7.86990