We refresh mid-market rates for major currencies against the Korean won (KRW) every 60 seconds. The exact numbers you see in the news.
Figures are based on mid-market rates and may vary depending on bank spreads when you actually exchange currency.
It's the exact midpoint between the buy and sell quotes banks use when trading with each other. It's the very number that pops up when you search "dollar exchange rate." No margin is baked in.
RateMate refreshes this value every 60 seconds. While markets are open, the numbers in the table keep moving.
Banks and exchange desks add a spread (margin) on top of the mid-market rate. When buying or selling cash, the spread is typically around 1.5–2%.
That's why the table's numbers can differ from the rates at a real counter or app. The table shows the "baseline," while an actual transaction shows "the price above it."
The figures RateMate provides are reference information based on mid-market rates and may differ from the actual rates applied by banks, card companies, or exchange desks. Always check the official posted rate of the relevant institution before making a transaction.