The won is the official currency of South Korea. The ISO code is KRW and identified by the symbol ₩. The Won is subdivided into 100 jeon. The currency is pegged against the U.S. dollar.
Exchange rates are published daily. These rates are provided for indicative purposes only.
The foreign exchange reference rates are published by the European Central Bank.
Currency Name: South Korean won
Local name: 대한민국 원 (Hangul), 大韓民國 원 (Hanja)
Official user(s): South Korea
Currency Symbol/Sign: ₩
ISO code: KRW
Central bank: Bank of Korea
Subunit: 1 won=1 jeon
Banknotes: 1000, 5000, 10,000 and 50,000 ₩
Coins: 1, 5, 10, 50, 100, and 500 ₩.
Black Market for Currency:Yes
Central Bank Rate
The current central bank interest rate is 3.25%.
Exchange rates today: Monday 22nd of May 2017
|Country||South Korean Won||Euro|
|1 KRW||=||0.0008 €|
|1256.08 KRW||=||1 €|
|20 KRW||=||0.0159 €|
|50 KRW||=||0.0398 €|
|100 KRW||=||0.0796 €|
|500 KRW||=||0.3981 €|
|1000 KRW||=||0.7961 €|
The rates are set on the basis of the regular daily concertation procedure between national central banks, which normally takes place at 2.15 p.m. CET. The exchange rates are for reference only and are published daily when TARGET system is open.
All currencies are quoted against 1 South korean won : May 22, 2017