COUNTRY MONEY GUIDE

South Korea currency guide

The official currency is KRW. Payment habits vary by merchant and location, so travellers should combine a primary card, a backup method and a practical amount of local cash.

Currency converter

KRW → USD

Rate date 2026-09-14
Quick amounts
KRW 1USD 0.00074

1 KRW = 0.00074 USD

Reference rate only. Banks and payment providers may use different rates and fees.

Country/areaSouth Korea
Official currencyKRW
RegionAsia Pacific
ISOKR
DIRECT ANSWER

KRW is the official currency

The official currency is KRW. Payment habits vary by merchant and location, so travellers should combine a primary card, a backup method and a practical amount of local cash.

CurrencyFlow rates are for budgeting and comparison, not guaranteed bank, card or exchange-counter quotes.

PAYING LOCALLY

Cash, cards and ATMs in South Korea

Cash use

Cards and mobile payments are widely used, though cash can help at markets and small vendors.

Card acceptance

International cards are common in cities, hotels and larger stores.

Contactless and mobile payments

Contactless and mobile-wallet acceptance depends on the merchant, network and device.

ATM

ATMs marked for global cards are useful; availability and fees vary.

Dynamic currency conversion

If an ATM or terminal offers conversion into your home currency, compare the disclosed rate and fees with paying in the local currency before accepting.

Tipping practices

Tipping is generally not expected in ordinary service settings.

TRAVEL MONEY

Planning money before and after arrival

Before travel

Before travel, notify the card issuer when necessary, check foreign-transaction and ATM fees, and keep a backup payment method.

Airport exchange

Airport exchange counters can be convenient but may use wider spreads or additional charges.

EXCHANGE RATES

Major KRW reference rates

Rate date:2026-09-14
PairReference rateOpen
KRW/AUD1 KRW = 0.00104 AUDView KRW to AUD →
KRW/CAD1 KRW = 0.00103 CADView KRW to CAD →
KRW/CNY1 KRW = 0.00499 CNYView KRW to CNY →
KRW/EUR1 KRW = 0.00064 EURView KRW to EUR →
KRW/GBP1 KRW = 0.00055 GBPView KRW to GBP →
KRW/JPY1 KRW = 0.11469 JPYView KRW to JPY →
KRW/SGD1 KRW = 0.00094 SGDView KRW to SGD →
KRW/USD1 KRW = 0.00074 USDView KRW to USD →
USEFUL CONVERSIONS

Useful KRW conversions

FAQ

South Korea currency questions

What currency is used in South Korea?

The official currency is KRW.

Should visitors carry cash in South Korea?

Cards and mobile payments are widely used, though cash can help at markets and small vendors.

Are foreign cards accepted in South Korea?

International cards are common in cities, hotels and larger stores.

What should I check before using an ATM abroad?

Check the local operator fee, card-issuer fee, withdrawal limit and any dynamic currency conversion offer.

SOURCES & REVIEW

Official references and review

Payment practices vary by merchant, location and time. Check current monetary, customs and card-issuer guidance before travel.

Reviewer
caojingxin
Reviewed
2026-08-12
Rate date
2026-09-14