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US dollar This infobox shows the latest status before this currency was rendered obsolete. The won ( Korean : 원 ) was the first South Korean currency and was in use from August 15, 1945, to February 15, 1953.
The Korean won, Chinese yuan and Japanese yen were all derived from the Spanish-American silver dollar, a coin widely used for international trade between Asia and the Americas from the 16th to 19th centuries. During the colonial era under the Japanese (1910–45), the won was replaced by the Korean yen which was at par with the Japanese yen.
USD / South Korean Won exchange rate. Items portrayed in this file depicts. creator. some value. author name string: Wikideas1. Wikimedia username: Wikideas1.
Like South Korean won, this currency unit was also issued in banknotes initially but in 1959, coins denominated in hwan were also issued and were the first circulating coins in South Korea. Hwan had a peg with the US dollar but with time it also got devaluated. This was the reason for the reintroduction of won in 1962 as the official currency unit.
From 1978 on, the North Korean government maintained an iconic rate of 2.16 won to the US dollar (which is said to have been based upon Kim Jong Il's birthday, 16 February). [4] Over the decades, however, rampant inflation eroded the currency's value, and from 2001 the government abandoned the rate in favor of those closer to the black market's.
North Korean won, the present currency of North Korea; It can also refer to these historical currencies: Korean Empire won, 1900–1910 currency in the Korean Empire; Won of the Red Army Command, 1945–1947 currency in northern Korea under the Soviet Civil Administration; South Korean won (1945–1953) South Korean hwan, 1953–1962 currency
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Template calculates a value of Korean won, which you can enter, to US dollars and then presents the results. Template parameters [Edit template data] Parameter Description Type Status Value 1 The value, in the source, that needs to be converted. The template will not accept pre-formatted values (i.e. 1,234). Example 500000000 Number required Currency units 2 Use this to represent larger ...