USD/KRW: what to know
The USD/KRW rate shows how much KRW you get for 1 USD. Right now, 1 USD buys 1,352.53 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.000739 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while KRW responds to tech exports and global risk appetite.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
Over the past 12 months the USD/KRW rate has ranged between 1,356.39 and 1,552.63 — a change of -2.47% 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.