Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's KRW to USD (South Korean Won to US Dollar) exchange rates

South Korea
Turks and Caicos Islands
KRW

Interbank Exchange Rate: 1 KRW = 0.0008 USD
Updated about an hour ago

Found 2 Remittance Service Providers

GMEREMITTANCE
Read more about GME Remittance
( )★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 KRW =
0.70 USD
Transfer Limit (KRW): 0 - 6000000
Locked-In Rate1 KRW = 0.0007 USD
Refer a friend to earn KRW 5,000
Get first transfer for free
airwallex
Read more about Airwallex
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 KRW =
0.70 USD
Transfer Limit (KRW): No Limits
Indicative Rate1 KRW = 0.0007 USD

📢 B2B transfers only

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about South Korean Won to US Dollar money transfers

Easily compare money transfer providers in one place to send money from South Korea to Turks and Caicos Islands. Send money overseas to your loved ones by comparing South Korean Won (KRW) to US Dollar (USD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

RemitFinder compared 2 money transfer operators to get you the best FX rates to send money from South Korea to Turks and Caicos Islands.

The best rate to send US Dollar from South Korean Won to your loved ones in Turks and Caicos Islands is currently offered by GME Remittance; their 1 KRW to USD exchange rate today is 0.0007.

Airwallex offers the next most competitive South Korean Won to US Dollar exchange rate today (currently 1 KRW = 0.0007 USD).

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from South Korea.

Were you looking to send money from Turks and Caicos Islands to South Korea instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest KRW to USD Conversion Rates

Here are some latest KRW to USD (South Korean Won to US Dollar) exchange rates for popular conversion amounts*.

1 KRW0.00 USD
5 KRW0.00 USD
10 KRW0.01 USD
25 KRW0.02 USD
50 KRW0.04 USD
100 KRW0.08 USD
150 KRW0.12 USD
200 KRW0.16 USD
250 KRW0.20 USD
300 KRW0.24 USD
400 KRW0.32 USD
500 KRW0.40 USD
600 KRW0.48 USD
700 KRW0.56 USD
800 KRW0.64 USD
1,000 KRW0.80 USD
1,500 KRW1.20 USD
2,000 KRW1.60 USD
2,500 KRW2.00 USD
3,000 KRW2.40 USD
4,000 KRW3.20 USD
5,000 KRW4.00 USD
10,000 KRW8.00 USD
15,000 KRW12.00 USD
20,000 KRW16.00 USD
30,000 KRW24.00 USD
40,000 KRW32.00 USD
50,000 KRW40.00 USD
100,000 KRW80.00 USD

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money from South Korea to Turks and Caicos Islands?

With the global remittance market booming, there are so many choices for South Korean Won to USD money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Turks and Caicos Islands from South Korea. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final USD amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best remit rate for transferring money from South Korea to Turks and Caicos Islands?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Turks and Caicos Islands from South Korea. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your KRW to United States Dollar money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the South Korea to Turks and Caicos Islands corridor to give you more good choices for your next USD money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Turks and Caicos Islands from South Korea?

The final amount your recipient gets when you send KRW to USD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from South Korea to Turks and Caicos Islands used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send United States Dollar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best South Korean Won to Turks and Caicos Islands exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to transfer money from South Korea to Turks and Caicos Islands?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low KRW to USD exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on South Korea to Turks and Caicos Islands money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Turks and Caicos Islands from South Korea. They do this by letting you fund your transaction through your local bank account in South Korea, and by allowing you to choose the payout to be your recipient's bank account in Turks and Caicos Islands. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to transfer money from South Korea to Turks and Caicos Islands?

It could be a stressful experience if you need to rush money quickly from South Korea to Turks and Caicos Islands. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert KRW to USD. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in United States Dollar. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your South Korea to Turks and Caicos Islands money transfers.


Which are the best money transfer companies to transfer money from South Korea to Turks and Caicos Islands?

Comparing money transfer companies for sending money to Turks and Caicos Islands from South Korea can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Turks and Caicos Islands. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your South Korean Won to United States Dollar transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the United States Dollar yield on every South Korean Won that you send.


Step by step guide to transfer money to Turks and Caicos Islands from South Korea

With so many possible ways to transfer South Korean Won to United States Dollar, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your South Korea to Turks and Caicos Islands remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in South Korea and the receiver in Turks and Caicos Islands. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your KRW to United States Dollar money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.