Overview

The Exchange Rate Calculator converts between Korean Won and foreign currencies at current rates. Select the amount and currencies to view results based on the base rate, remittance rate, or cash exchange rate with optional preferential rate discounts.

Formula

Foreign Amount = KRW Amount / Exchange Rate (KRW → Foreign). KRW Amount = Foreign Amount × Exchange Rate (Foreign → KRW). Applied Rate = Base Rate ± Spread (adjusted for preferential discount).

How to Use

1. 1Enter the amount to convert.
2. 2Select the source and target currencies.
3. 3Choose the rate type (base rate, remittance, or cash).
4. 4Enter any preferential discount rate (%) if applicable.
5. 5Click Calculate to view the conversion result.

Tips

• ✔Online and mobile banking typically offer 70–90% spread discounts compared to branch rates.
• ✔Major currencies (USD, EUR, JPY) have narrower spreads and lower exchange costs.
• ✔Cash exchange rates are about 1–2% worse than remittance rates due to handling costs.

FAQ