KRW/USD: what to know
The KRW/USD rate shows how much USD you get for 1 KRW. Right now, 1 KRW buys 0.000740 USD at the mid-market rate. In the other direction, 1 USD is worth 1,350.92 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while USD responds to Fed policy, US growth and global risk appetite.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the KRW/USD rate has ranged between 0.000644 and 0.000737 — a change of +2.54% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.