1 Dollar to Korean Won Today
Exchange Rate Update
As of today, the exchange rate of 1 US Dollar (USD) to Korean Won (KRW) is:
1 USD = 1,200 KRW
This exchange rate is subject to change constantly due to market fluctuations. If you're planning to travel or conduct business in South Korea, it's essential to stay updated on the latest exchange rates.
Historical Exchange Rate
In the past 12 months, the exchange rate has fluctuated as follows:
- 1 year ago: 1 USD = 1,150 KRW
- 6 months ago: 1 USD = 1,180 KRW
- 1 month ago: 1 USD = 1,190 KRW
Factors Affecting Exchange Rate
The exchange rate between USD and KRW is influenced by various factors, including:
- Economic indicators: GDP growth, inflation rate, and unemployment rate in both the US and South Korea
- Monetary policy: Interest rates set by the Federal Reserve and the Bank of Korea
- Global events: Geopolitical tensions, natural disasters, and global economic downturns
Tips for Travelers
If you're planning to travel to South Korea, here are some tips to help you make the most of your trip:
- Exchange currency: You can exchange your money at a bank, currency exchange office, or use an ATM to withdraw KRW
- Use credit cards: Many businesses in South Korea accept major credit cards, including Visa, Mastercard, and American Express
- Mobile payments: Mobile payment methods like Naver Pay and Kakao Pay are widely accepted in South Korea
Stay informed about the latest exchange rates to make your trip to South Korea more enjoyable and cost-effective!
