Question 1

What affects the South Korean won?

Accepted Answer

Tech exports, semiconductor demand, North Korea tensions, and global risk sentiment.

Question 2

Why is KRW rate so high?

Accepted Answer

The won is a low-denomination currency. 1300+ KRW per USD is typical.

Question 3

How often should I check exchange rates?

Accepted Answer

For large transactions, check rates multiple times per day as they fluctuate constantly. For small amounts, daily rates are usually sufficient.

Question 4

What affects currency conversion fees?

Accepted Answer

Banks typically add 2-4% markup on exchange rates. Credit cards may charge foreign transaction fees. Currency exchange services often have the worst rates.

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