This paper suggests fur the study on a fluid velocity measuring system using ultrasonic transducer. In general, the time difference method to measure the distance between transducers has been known. In this paper, the practical technology for manufacturing ultrasonic flow meter system is studied using the time difference method. The ultrasonic transducer was designed and manufactured. The transmission and receiving algorithm for ultrasonic signal was studied. The ultrasonic flow measuring system was experimented in laboratory using a water reservoir for verifying the distance measuring accuracy. Finally, it was tested in flow calibration laboratory for the velocity measuring performance. The system, designed in this study, showed 0.3 mm resolution in distance measurement. For precise flow measurement, a high speed triggering algorithm is required for ultrasonic signal receiving.