Cash usage
South Korean won cash remains available, while electronic payments account for a substantial part of retail activity.
Country money guide
South Korea Currency Guide
Learn how the South Korean won is used in South Korea, then open a dated reference-rate conversion.
Currency overview
South Korean Won in South Korea
Monetary framework
South Korea uses the South Korean won as its official currency.
Quick convert
Convert KRW
Use the latest available reference-rate snapshot without loading a separate data source.
Convert this currency
KRW converter
KRW0.000726 USD1 KRW = 0.0007258316 USD
Rate date:
Currency facts
KRW at a glance
CurrencySouth Korean Won
ISO codeKRW
SymbolKRW
Minor unitJeon
Decimal places0
Central bankBank of Korea
Currency typeOfficial currency
Money usage guide
Local money guide for South Korea
Official use
South Korea uses the South Korean won as its official currency.
Payment environment
Card payments are common, especially in cities; cash is useful for small local transactions.
Cash and payment habits
Cash, cards and local payments
Card acceptance
Credit and debit cards operate through the payment systems overseen by the Bank of Korea and other regulators.
Mobile and contactless payments
Mobile and contactless options depend on the participating wallet, card network and merchant terminal.
ATM availability
Only ATMs displaying a supported international network should be expected to accept an overseas card.
Exchange tips
Planning a conversion
Before exchanging
Compare the final won amount from cards, ATMs and authorized exchange providers.
Cash declaration
Korea Customs Service publishes current traveller declarations and border requirements.
Popular currency pairs
KRW conversion links
Related currencies
Regional and monetary links
USDUnited States DollarAmericas
JPYJapanese YenAsia Pacific
CNYChinese YuanAsia Pacific
SGDSingapore DollarAsia PacificCurrency topics
These links use the country dataset's regional and monetary relationships rather than a single global popularity list.
FAQ
South Korea currency questions
Which currency is used in South Korea?
South Korea uses the South Korean won as its official currency.
Does South Korea have multiple official currencies?
South Korea has one official currency: the South Korean won (KRW).
How can I compare the South Korean won?
Use the conversion links on this page to compare South Korea's official currency with other supported currencies.
Sources and review
Rate data and official references
Data source: Frankfurter
Rate date:
Reviewed by: CurrencyHub Editorial Team
Editorially reviewed:
Content methodology
Country guidance is assembled from official monetary, payment-system and border-information sources. Missing details are omitted rather than inferred.
Sources
Report an errorExchange-rate information is provided for reference only and is not financial, trading or investment advice.