Best Way to Exchange Dollar to Won
If you're planning a trip to South Korea, one of the essential things to consider is how to exchange your money. Many travelers search for terms like
"dollar to won"
"usd won"
"krw to usd"
before they go, trying to find the most favorable exchange rate.
So what's the best way to get Korean won?
Should you exchange your money in the U.S. before you leave, or is it better to exchange once you arrive in South Korea?
Exchange in the U.S. vs. Exchange in South Korea
While it may feel safer to exchange your USD at your local bank before departure, it often comes with lower exchange rates and higher fees.
U.S. banks and airport kiosks typically provide less favorable rates compared to local currency exchange centers in Korea.
If you want to get the most value for your dollar, it's generally recommended to exchange your money after arriving in Korea — especially in areas like Myeongdong, which is known for its highly competitive currency exchange services.
Where to Exchange Money in Seoul
Try Myeongdong's Moneybox
Myeongdong is a top destination for tourists, shopping, and — importantly — currency exchange.
In this area, you'll find dozens of currency exchange booths, but Moneybox stands out among them for offering some of the best rates in town.
Whether you're looking for "usd won" or "dolar won" exchanges, Moneybox in Myeongdong has gained a strong reputation for transparent service and favorable exchange rates.
They also provide quick service with friendly staff who are familiar with assisting international travelers.
Pro Tips for Exchanging Money in Korea
Bring crisp bills
Exchange centers usually prefer newer USD bills without damage.
Avoid airport kiosks
While convenient, they often have the worst rates.
Know the market rate
Use Google or apps like XE Currency to check the live krw to usd rate.
Use cash for better deals
Many exchange booths offer better rates for cash than for cards.
So if you're visiting South Korea and looking for the best place to get your Korean won, skip the airport exchange and head straight to Moneybox in Myeongdong.
Your wallet will thank you!
