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At the South Korean Ministry of Finance and Economy’s October 7, 2026 closing rate of ₩1,340.4 per US$1, convert won to dollars by dividing the won amount by 1,340.4. For example, ₩134,040 is about US$100 before any customer-rate difference or fees. This dated reference figure is not a live quote or a guaranteed transaction rate.
How to convert KRW to USD
KRW is the currency code for the South Korean won, and USD is the code for the US dollar. The quote ₩1,340.4 per US$1 means one dollar corresponds to 1,340.4 won.
Use this formula:
USD amount = KRW amount ÷ KRW-per-USD rate
Using the Ministry of Finance and Economy’s October 7, 2026 closing rate of 1,340.4 KRW per USD, these example conversions are estimates calculated from that quote, before customer-rate differences or fees:
| South Korean won | Estimated US dollars |
|---|---|
| ₩50,000 | About US$37.30 |
| ₩134,040 | About US$100.00 |
| ₩1,000,000 | About US$746.05 |
For the reverse estimate, multiply a dollar amount by the KRW-per-USD rate. At the same dated quote, US$100 corresponds to about ₩134,040. The result is still an estimate, not a promise of the amount a bank or exchange service will provide.
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Official closing quote
The Ministry of Finance and Economy, Republic of Korea, reported a closing rate of 1,340.4 KRW per USD on October 7, 2026. It is useful as a dated reference for an estimate, but exchange rates change; check the date and obtain a current customer quote before making a transaction. Ministry of Finance and Economy: exchange-rate information.
Monthly average
The Federal Reserve Board reported an August 2026 monthly average of 1,403.2186 KRW per USD. Its monthly averages are based on daily noon buying rates for cable transfers in New York City, certified for customs purposes by the Federal Reserve Bank of New York. This is a period average, not a same-day quote comparable to the Ministry’s October 7 closing rate. Federal Reserve: Foreign Exchange Rates.
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Bank reference and customer rates
The Bank of Korea says each foreign exchange bank independently decides its customer rates and revises them with reference to movements in the interbank spot exchange rate. It describes the basic won-dollar market-average rate as a transaction-volume-weighted average of rates applied in the previous business day’s transactions between foreign exchange banks through brokers. The Bank of Korea calculates and provides its basic rates against the US dollar and other currencies once daily; they are usually used as references for taxation, accounting, statistics, and similar purposes. Bank of Korea: Exchange Rate System.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What you will receive in a transfer or cash exchange
A reference conversion does not establish the amount a customer will receive. For an actual exchange or transfer, compare the provider’s customer rate, any fees shown before confirmation, and the final USD amount delivered. The official sources cited here do not specify a particular provider’s pricing, fees, transfer corridor, or service availability.
Quick Recap
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- Customer rate: Check the provider’s actual KRW-to-USD quote, not just a reference rate.
- Fees: Include conversion, transfer, and receiving charges disclosed for the transaction.
- Delivered amount: Compare the USD left after the rate and fees have been applied.
- Timing: Note whether the quote is live, a daily closing rate, or a monthly average, and check when it applies.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
