Currency Rate
Korean Won to USD
Our Currency Rate KRW latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the KRW. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
₩ 0.000642
Selling rate
₩0.000767
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The South Korean won (symbol: ₩; code: KRW) is the official currency of South Korea.
Currency Details
- Country code KR
- Symbol ₩
- ISO Code KRW
- Subunits 1 Won = 100 Jeon
Coins
- 10 won
- 50 won
- 100 won
- 500 won
Banknotes
- 1000 won
- 5000 won
- 10000 won
- 50000 won
South Korean Won (KRW)
History and Background
The South Korean Won has been the official currency of South Korea since 1945. It is managed and issued by the Bank of Korea.
Economic Significance
The KRW is crucial to South Korea's economy, facilitating trade, investment, and daily transactions. South Korea's economy is primarily driven by technology, manufacturing, services, and export-oriented industries.
Usage and Exchange
The South Korean Won is widely accepted across South Korea for all transactions. For international visitors and expatriates, exchanging foreign currency for South Korean Won can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The South Korean Won is not just a currency; it is a symbol of South Korea's economic success, cultural heritage, and technological innovation. Understanding the KRW is essential for anyone engaging with South Korea's economy, whether as a resident or a visitor. The stability and accessibility of the South Korean Won play a significant role in the country's economic growth and global influence.
History and Background
The South Korean Won has been the official currency of South Korea since 1945. It is managed and issued by the Bank of Korea.
Economic Significance
The KRW is crucial to South Korea's economy, facilitating trade, investment, and daily transactions. South Korea's economy is primarily driven by technology, manufacturing, services, and export-oriented industries.
Usage and Exchange
The South Korean Won is widely accepted across South Korea for all transactions. For international visitors and expatriates, exchanging foreign currency for South Korean Won can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The South Korean Won is not just a currency; it is a symbol of South Korea's economic success, cultural heritage, and technological innovation. Understanding the KRW is essential for anyone engaging with South Korea's economy, whether as a resident or a visitor. The stability and accessibility of the South Korean Won play a significant role in the country's economic growth and global influence.