An exchange rate is the rate at which one currency can be exchanged for another. For example, if 1 USD equals 1,300 KRW, the USD/KRW rate is 1,300. Rates fluctuate based on economic conditions, interest rates, and trade balances.

1. Select the currency and amount to convert. 2. Select the target currency. 3. View the calculated result with real-time rates. 4. Use the swap button to exchange currencies.

Actual exchange may include fees. Compare rates between banks. Check rate trends before traveling to exchange at favorable times.