
Countries that use the South Korean won
The South Korean won is an official national currency and used only in South Korea. 1 won is devided into 100 Chon.ISO 4127:
KRWNumeric:
410Symbol:
₩List of all currencies
Exchange rate history 10000 KRW in USD
The graph shown here shows the exchange rate development from January 2017 to June 2023. The exchange rate for 10000 KRW moved during this time from USD 8.86 to USD 7.63. In these 77 months it fell by 13.9 percent.US dollar as currency
Country | Region |
---|---|
American Samoa | Polynesia |
British Virgin Islands | Caribbean |
Ecuador | South America |
El Salvador | Central America |
Guam | Micronesia |
East Timor | Southeast Asia |
Marshall Islands | Micronesia |
Federated States of Micronesia | Micronesia |
Palau | Micronesia |
Northern Mariana Islands | Micronesia |
Puerto Rico | Caribbean |
Turks and Caicos Islands | Caribbean |
United States of America | North America |
Virgin Islands | Caribbean |
British Indian Ocean Territory | Eastern Africa |
Caribbean Netherlands | Caribbean |
United States Minor Outlying Islands | Micronesia |
Currency reserves for the South Korean won
According to the International Monetary Fund, the total broad money (M3) amounted to KRW 3,739.322 trillion at the end of 2022. For currency hedging, reserves were held in a total amount of 548.400 trillion wons. This corresponds to a ratio of 1:6.8. In other words, not even 1 of 6 wons is deposited with a countervalue.Approximately 7.883 trillion wons (1.4%) of the currency reserves exist in gold reserves. The remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.
› Worldwide currency and gold reserves
Sources
All conversion rates are based on data from the European Central Bank.Data on currency and gold reserves are from the International Monetary Fund.