Our Won to USD calculator converts Korean Won to US Dollars using current exchange rates from the foreign exchange (forex) market. The calculator applies the spot exchange rate to your won amount, then accounts for typical conversion fees and markups charged by banks, exchange services, or payment processors to show your actual received amount.

Understanding Won Exchange Rates and Fees

Currency exchange from Korean Won involves understanding both the exchange rate and hidden fees. The mid-market rate is the real rate between currencies, but consumers never get this rate. Exchange services profit from the spread (difference between buying and selling rates) and may add flat fees. Korean banks and authorized money changers in areas like Myeongdong offer competitive rates, while airport exchanges charge premium fees for convenience.

• Mid-market rate: True exchange rate (check XE.com or Google Finance)
• Spread/markup: Difference between mid-market and offered rate (1-8%)
• Service fees: Flat fees per transaction (₩1,000-10,000 or $10-50)
• Bank fees: Korean banks 1-3% markup, US banks 3-7% markup
• Credit card fees: Foreign transaction fee (0-3% depending on card)
• Wire transfer: ₩10,000-30,000 or $15-50 plus spread for international transfers

Common Won to USD Conversions

Quick reference for popular won to USD conversion searches (using 1,300 KRW/USD before fees):

Sources & References