Source: Export-Import Bank of Korea, published around 11:00 a.m. (KST) on business days. Weekends and holidays show the last business day. Not investment advice.
How to read Korean exchange rates
The base rate is the reference price banks use. When you buy foreign cash at a Korean bank you usually pay about 1.75% more than the base rate, and when you sell you get about 1.75% less. Sending money abroad (T/T) has a smaller margin.
Tips for exchanging money in Korea
Airport counters are convenient but often give worse rates. Licensed money changers in busy tourist areas and bank apps with "preferential rates" usually cost less. Exchanging in two or three rounds instead of all at once smooths out daily ups and downs.
Frequently asked questions
What time are Korean exchange rates updated?
The Export-Import Bank of Korea publishes the day's base rates around 11 a.m. Korea time on business days. Weekends and holidays keep the previous business day's rate.
Why is the bank rate different from this page?
This page shows the base rate. Banks add a fee when you buy or sell cash, usually around 1.75%, which is why their buying rate is higher and selling rate lower.
Can I see the Vietnamese dong or Russian ruble here?
The Export-Import Bank of Korea does not publish base rates for those currencies, so this page shows the US dollar and other major currencies instead.