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South Korean won

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:
KRW
Numeric:
410
Symbol:
₩



List of all currencies

100.00 South Korean wons = 0.077 US dollars
(Date: 06/02/2023)


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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.

South Korean won as currency

CountryRegion
South KoreaEast Asia

US dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United States of AmericaNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Caribbean NetherlandsCaribbean
United States Minor Outlying IslandsMicronesia

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.
Currency reservesCurrency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 103 countries compared to the US
Germany: household debtsDebts an budget deficits in GermanyBudget surplus and deficits in the last 24 years in Germany incl. a comparison to the European Union