Where does the real-time exchange rate info come from?

This calculator uses ExchangeRate-API to provide real-time market rate information from major global banks, updated every hour.

What is the annual overseas remittance limit in Korea?

For residents and foreigners in Korea, you can remit up to $50,000 USD per year without documentation. Above this limit, proof of income or relevant tax documents are required.

How can I send money abroad more cheaply than a bank?

Using fintech-based remittance services (such as Wise, Sentbe, WireBarley, etc.) is typically cheaper than traditional bank transfers due to better exchange rates and lower fees.

Currency Exchange Calculator

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Popular Exchange Rates

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🇪🇺 EUR (Euro) -

🇯🇵 JPY (Japanese Yen) -

🇨🇳 CNY (Chinese Yuan) -

International Money Transfer Guide

Ways to Send Money Internationally

🏦 Bank Wire Transfer

High fees ($25-50), hidden exchange rate markups. Best for large transfers only.

💸 Wise/Remitly

Transparent rates, low fees (save 80%+). Recommended for regular transfers.

Pro Tips for Expats in Korea

✅ Annual limit for foreigners: $50,000 USD without documentation
✅ Per-transaction limit without bank designation: $5,000 USD
✅ Fintech apps (Wise, Sentbe) count toward your annual limit