KRW – South Korean Won

South Korean Won Overview

The South Korean Won is the currency of Korea (South). The currency code for Won is KRW, and the currency symbol is ₩. You can easily convert here any currency at Merchant Stronghold.

The Korean Won has had a couple of totally different iterations. The terribly initial (short-lived) look of the Won was in 1902. The name comes from the Chinese yuan and therefore the Japanese yen. In 1909, it began to be distributed by the new Bank of Choson. Japanese annexation of Choson is 1910, the won was quickly replaced by the Japanese yen.

The yen remained the official currency of Korea till the tip of War II. when the defeat of Japan by the Allies, Korea was unleashed, with the states of North and Asian nation eventually turning into formally recognized. each country re-adopted the won as their official currency.

Unfortunately, an equivalent devaluation issues that infested the won conjointly affected the new hwan. In another arrange to fix the problems, the govt another time came back to the won in 1962. The won has remained the official currency of Asian nation since that point. The won remained pegged to the U.S.A. greenback till 1997.

Current South Korean Won coins and banknotes

Currency Facts

KRW Stats

Name: South Korean Won

Symbol:

Minor Unit:
1/100 = Jeon

Top KRW Conversion:
USD/KRW

Top KRW Chart:
USD/KRW Chart

KRW Profile

Inflation: 0.80%

Coins:
Freq Used: ₩100, ₩500
Rarely Used: ₩1, ₩5, ₩10, ₩50

Banknotes:
Freq Used: ₩1000, ₩5000, ₩10000, ₩50000

Central Bank:
The Bank of Korea
Website: http://eng.bok.or.kr/

Users: Korea (South)

 

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