Countries that use the South Korean wonThe South Korean won is an official national currency and used only in South Korea. 1 won is devided into 100 Chon.
List of all currencies
100.00 South Korean wons = 0.077 US dollars
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Exchange rate history 10000 KRW in USDThe 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
|South Korea||East Asia|
US dollar as currency
|British Virgin Islands||Caribbean|
|El Salvador||Central America|
|East Timor||Southeast Asia|
|Federated States of Micronesia||Micronesia|
|Northern Mariana Islands||Micronesia|
|Turks and Caicos Islands||Caribbean|
|United States of America||North America|
|British Indian Ocean Territory||Eastern Africa|
|United States Minor Outlying Islands||Micronesia|
Currency reserves for the South Korean wonAccording 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
SourcesAll conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.