Understanding The Value Of 90000 Korean Won To Usd In 2023

Introduction

The exchange rate between Korean Won (KRW) and United States Dollar (USD) has always been a topic of discussion among investors, traders, and travelers. As of 2023, 1 USD is equivalent to approximately 1,100 KRW. This means that 90000 KRW is equivalent to around $81.81.

Factors Affecting the Exchange Rate

The exchange rate between KRW and USD is influenced by several factors, including the supply and demand of each currency in the market, economic policies, geopolitical events, and global trade relationships.

Historical Exchange Rate Trends

Over the years, the exchange rate between KRW and USD has been fluctuating. In 2018, 1 USD was equivalent to around 1,100 KRW, while in 2019, the exchange rate dropped to around 1,000 KRW per USD. In 2020, due to the COVID-19 pandemic, the exchange rate decreased further to around 1,200 KRW per USD. However, in 2021 and 2022, the exchange rate stabilized at around 1,100 KRW per USD.

What Can You Buy with 90000 KRW?

Food and Drinks

If you are in South Korea, you can buy a decent meal for two people at a local restaurant for around 40,000 KRW. You can also get a cup of coffee for around 4,500 KRW, and a bottle of beer for around 3,000 KRW.

Transportation

A one-way ticket on the Seoul subway costs around 1,300 KRW, while a taxi ride for a 10-kilometer distance would cost around 25,000 KRW.

Shopping

You can buy a variety of items with 90000 KRW, such as clothes, shoes, and accessories. However, keep in mind that prices may vary depending on the brand and store.

Investing 90000 KRW in USD

If you are interested in investing your 90000 KRW in USD, you can do so through a foreign exchange market or a brokerage firm. However, keep in mind that investing always involves risks, and it’s essential to do your research and seek professional advice before making any investment decisions.

Conclusion

In conclusion, the exchange rate between KRW and USD is a crucial factor to consider when traveling, investing, or doing business between South Korea and the United States. Understanding the value of 90000 KRW to USD in 2023 can help you make informed decisions and manage your finances effectively.