The South Korean won has weakened against the Singapore Dollar once again! So, if you’re planning on making the most of every South Korean won, the time is now 👀
Good news: the Singapore Dollar (SGD) has been steadily strengthening against the Korean won (KRW) over the past few years – making this one of the best times in recent memory to get more bang for your buck when travelling to Korea!
Whether you’re a cultural buff, a foodie, an adventurer, or there to chase your favourite K-pop idols and ride the Hallyu wave, it’s no doubt time to head to the Land of Kimchi and make the most of every won! Read on for more information on what’s up with the SGD to KRW exchange rate. 🇰🇷
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SGD to Korean Won: How’s It Going?
In December 2024, the Korean won (KRW) sank to a historic all-time low, reaching its weakest level in over 15 years – a point not seen since the 2009 global financial crisis. Analysts point the sharp decline to a mix of factors like domestic political uncertainty and economic challenges.
Since then, the KRW has continued to weaken against the SGD, offering increasingly favourable rates for Singaporean travellers. In fact, the exchange rate hit a high of 1 SGD = 1,099 KRW on 9 April 2025 – one of the strongest points in years.
What’s Up With The South Korean Won?
The Korean won’s recent depreciation is largely driven by renewed U.S. tariffs on key South Korean exports like steel and automotive parts. These trade pressures have weakened market confidence and added strain to Korea’s export-reliant economy.
Unlike currencies like the Japanese yen (JPY) and British Pound (GBP) that have been showcasing resilience recently, the Korean won’s fate remains bleak.
Whatever the case is, we suggest planning your next trip to Korea soon to make use of these weakening SGD to KRW rates while you still can! 😋
💡 A strong SGD means nothing if you’re charged crazy transaction fees! Sign up for a YouTrip card to enjoy the best exchange rates and no hidden fees wherever you go. 🌍
SGD to Korean Won: What’s the Exchange Rate Today?
As of today (24 April 2025), the SGD to KRW exchange rate stands at approximately 1 SGD = 1,094 KRW, reflecting a 8.2% year-on-year increase. In simpler terms: you now get more Korean won for every Singapore dollar now compared to a year ago. So if you’re planning a trip to Korea this year, this is a great window for travelling! 🎉
💡 Travelling to Korea soon? Enjoy the best rates with 0% markups and no transaction fees when you pay with YouTrip! 🛍️
So How Do I Use YouTrip To Enjoy The Best South Korean Won Rates?
In a nutshell, YouTrip works to “unpinch” your wallet — so you don’t need to worry about losing money from exchange rate margins.
✅ Simply top up your desired amount of SGD into your YouTrip wallet.
✅ To check out the latest SGD to Korean won rates, use the Mastercard Calculator (remember to include ‘0’ under bank fees!) before you spend.
✅ And that’s it, you’re ready to start spending in Korea! All you have to do is to use your YouTrip Mastercard in SGD and we’ll do all the work for you with Smart Exchange™!
Save On The Best SGD to Korean Won Rates With YouTrip!
And just like that, you’re ready to head to the Land of Morning Calm and enjoy saving with the best rates in town! Whether you’re planning to head to Korea or not, don’t forget to take your YouTrip card with you on your next holiday to make full use of our wholesale exchange rates (i.e. no pesky bank fees!).
Sign up now with <YTBLOG5> to get FREE S$5 in your account and be sure to check out our YouTrip Perks page for exclusive offers and promotions too!
For more great tips and guides like this, join our Telegram(@YouTripSG)and subscribe to our free weekly newsletter here or down below! And while you’re at it, why not join the conversation with thousands of #YouTroopers in our very own Community Telegram Group @YouTripSquad? Get tips and tricks to everything YouTrip including exclusive invites to exciting events and experiences, & be part of the #YouTripSquad! 💜
Stay safe, and happy travels!
More currency exchange guides! 🤑
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