💹 Exchange Rates Today
USD/KRW, EUR/USD, USD/JPY and 13 more FX rates from Yahoo Finance: daily change, intraday to all-time charts, returns and a converter. Not bank rates or advice.
USD/KRW · Korean won
–Major exchange rates (USD)
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Tap a row to show it above and in the chart. The table refreshes every 5 minutes and the selected currency every 60 seconds. The change compares with the previous close of Yahoo's daily bars (the day turns at UK midnight).
Exchange rate chart
Change by period
| Period | Rate then | Rate change | – |
|---|---|---|---|
| Loading… | |||
If the start date was a holiday, the last trading day before it is used. The right column is the change in the base currency's value (rate then ÷ rate now − 1, with the rate expressed as base currency per foreign unit).
Converter
Bank exchange example (your assumption)
Spreads differ by bank, currency and cash vs transfer, and this page has no real figures. This uses the value you enter, treating the market rate as the bank's mid rate. Check the bank's posted rates for real numbers.
This rate vs your bank's rate
This page shows the market rate
The numbers here are foreign exchange market quotes as reported by Yahoo Finance. They are close to the prices banks trade at with each other in large amounts (often called the mid-market rate). They are not the rates a bank, exchange booth or card network charges you. For the rate you will actually get, check your provider's posted rates.
The rates a bank posts
| Mid / base rate | The bank's reference rate, set from the market rate (in Korea called the 매매기준율). The other rates sit around it. |
| Transfer buy · sell | Rates for sending and receiving money by wire. The gap to the mid rate is smaller than for cash. |
| Cash buy · sell | Rates for buying or selling banknotes. Shipping and storing notes costs money, so this gap is the widest. |
Where the gap comes from — spread and rate discounts
The difference between the selling rate and the mid rate is the spread, and it is in effect the exchange fee. It differs by bank and currency and is usually larger for less traded currencies. Korean banks and apps advertise "rate discounts" (환율 우대) such as 90%: that much of the spread is waived.
Discounted selling rate = mid rate + (posted selling rate − mid rate) × (1 − discount)
Made-up example: mid rate ₩1,400 and cash selling rate ₩1,424.50 give a spread of ₩24.50. With a 90% discount you pay 1,400 + 24.50 × 0.1 = ₩1,402.45, so $1,000 costs ₩1,402,450 instead of ₩1,424,500. These numbers only illustrate the formula and are not any bank's quote.
This tool does not know any bank's spread, so it does not estimate one. The converter's "spread (assumed)" box only calculates with the value you type.
Why it can differ from the news
- The change here compares with the previous close of Yahoo's daily bars, where the day turns at UK midnight. The USD/KRW close in Korean news is the end of Seoul's day session (3:30 pm KST).
- FX trades around the clock on weekdays and stops at the weekend. At the weekend the page shows Friday's close, and the change is Friday's move. Stray quotes Yahoo records over the weekend, and the Saturday bars built from them, are ignored.
- Pairs are shown in market convention: EUR, GBP, AUD and NZD per dollar the other way round (EUR/USD = dollars per euro), everything else as units per dollar.
- With the won or yuan as base, a few rows (marked †) are cross rates computed from two dollar rates because Yahoo's direct quote has no daily history or too few digits.
A higher rate means a weaker base currency
If USD/KRW rises from 1,300 to 1,400 (+7.69%), a dollar costs more won. The won's value in dollars changes by 1,300 ÷ 1,400 − 1 = −7.14%. The two numbers differ because they are measured from different sides.