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
₩ 0.000691
Selling rate
₩0.000826
South Korean Won (KRW)
Currency Details
Symbol: ₩
ISO Code: KRW
Subunits: 1 Won = 100 jeon (though jeon are no longer used due to inflation)
Banknotes and Coins
The South Korean Won is available in both coins and banknotes:
Coins:
Coins are available in denominations of
₩10
₩50
₩100
₩500
Banknotes:
Current banknotes in circulation:
₩1000
₩5000
₩10000
₩50000
The banknotes and coins of the South Korean Won feature various cultural motifs, historical figures, and natural landmarks of South Korea.
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.
Currency Details
Symbol: ₩
ISO Code: KRW
Subunits: 1 Won = 100 jeon (though jeon are no longer used due to inflation)
Banknotes and Coins
The South Korean Won is available in both coins and banknotes:
Coins:
Coins are available in denominations of
₩10
₩50
₩100
₩500
Banknotes:
Current banknotes in circulation:
₩1000
₩5000
₩10000
₩50000
The banknotes and coins of the South Korean Won feature various cultural motifs, historical figures, and natural landmarks of South Korea.
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.