South Korean Won (KRW)
What the South Korean Won is, who issues it, and where it's used, with a live converter preset to KRW.
South Korean Won (KRW)
- ISO code
- KRW
- Symbol
- ₩
- Subunit
- None in practice (100 jeon, not used)
- Issued by
- Bank of Korea
- Exchange rate regime
- Free-floating
The won is quoted in large numbers, well over a thousand won per US dollar, and its subunit, the jeon, is no longer used, so prices are always whole won. The name shares its origin with the Chinese yuan and Japanese yen, all derived from the same character meaning "round", after round coins.
South Korea is a major exporter of semiconductors, cars, and electronics, so the won is sensitive to global trade and technology demand. The won is not traded offshore as freely as the major currencies, which is why international quotes often refer to non-deliverable forward (NDF) markets.
Where it's used
- South Korea
Convert KRW
| KRW | USD |
|---|---|
| 1 KRW | - |
| 5 KRW | - |
| 10 KRW | - |
| 25 KRW | - |
| 50 KRW | - |
| 100 KRW | - |
| 250 KRW | - |
| 500 KRW | - |
| 1,000 KRW | - |
| 5,000 KRW | - |
| 10,000 KRW | - |
| USD | KRW |
|---|---|
| 1 USD | - |
| 5 USD | - |
| 10 USD | - |
| 25 USD | - |
| 50 USD | - |
| 100 USD | - |
| 250 USD | - |
| 500 USD | - |
| 1,000 USD | - |
| 5,000 USD | - |
| 10,000 USD | - |
Calculated from the same live mid-market rate as the converter above. Your bank or card will usually quote a slightly worse rate plus any fees.