Technology for system and method of providing surrounding information of a vehicle which accurately calculates positions of obstacles around the vehicle is provided. The system includes a plurality of image acquisition units installed in the vehicle at a preset interval, an image acquisition unit selector which selects at least two image acquisition units of the plurality of image acquisition units and receives image data from the selected acquisition unit selector, and a control unit which recognizes an obstacle from the image data received from the image acquisition units, calculates a position of the obstacle, and controls the image acquisition unit selector to select the at least two image acquisition units of the plurality of image acquisition units according to information for vehicle speed of the vehicle.