Countries that use the Won
The Won is an official national currency and used only in South Korea. 1 Won is devided into 100 Chon.
1.00 Won = 0.0009 US Dollar
Exchange rate history 10000 KRW in USD
Won as currency
Currency reserves for the Won
According to the International Monetary Fund, the total broad money (M3) amounted to KRW 2,530,353.62 trillion at the end of 2017. For currency hedging, reserves were held in a total amount of 451,401.18 trillion Wons. This corresponds to a ratio of 1:5.6. In other words: Not even 1 of 6 Wons is deposited with a countervalue.
Approximately 4,690.5 billion Wons (1.0%) 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
All information without guarantee.