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The first South Korean won was subdivided into 100 jeon. The South Korean won initially had a fixed exchange rate to the U.S. dollar at a rate of 15 won to 1 dollar. A series of devaluations followed, the later ones, in part, due to the Korean War (1950–53). The pegs were:
In October of the same year the anchor currency was changed to the US dollar at a rate of 15 won = 1 dollar. Toward the end of the Korean War the won was devalued at 6000 won = 1 dollar. [1] Following that the hwan was introduced as the new currency at a rate of 1 hwan = 100 won.
Due to the devaluation of the first South Korean won (from 15 won to the U.S. dollar in 1945 to 6000 won to the dollar in 1953), the hwan was introduced in 1953 at the rate of 1 hwan = 100 won. The hwan was nominally subdivided into 100 jeon but the lowest denomination issued was 1 hwan. The hwan also suffered from inflation and a series of ...
Currency ISO 4217 code Symbol or Abbrev. [2]Proportion of daily volume Change (2019–2022) April 2019 April 2022 U.S. dollar: USD $, US$ 88.3%: 88.5%: 0.2pp Euro
100 Korea, North: North Korean won ₩ KPW Chon: 100 Korea, South: South Korean won ₩ KRW Jeon: 100 Kosovo: Euro € EUR Cent: 100 Kuwait: Kuwaiti dinar: KD KWD Fils: 1000 Kyrgyzstan: Kyrgyz som ⃀ KGS Tyiyn: 100 Laos: Lao kip ₭ LAK Att: 100 Latvia: Euro € EUR Cent: 100 Lebanon: Lebanese pound: LL LBP Piastre: 100 Lesotho: Lesotho loti ...
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 ...
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
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