South Korean Won exchange rate

WE SELL RATE HISTORY OF SOUTH KOREAN WON

WE BUY RATE HISTORY OF SOUTH KOREAN WON

SOUTH KOREAN WON INFO 

The South Korean Won is the official currency of South Korea.
Notes: 1000, 2000, 5000, 10000 and 50000
Coins: 1, 5, 10, 50, 100 and 500 Won
Subunit: Won
Code: KRW
Symbol: ₩

If you are traveling to Seoul or another South Korean city you will need to change your Euros into South Korean Won. In Eurochange you can buy Won at the best price and with immediate availability. Buy them now online or find your nearest office with currency sales service.

 

About South Korean Won

The South Korean Won is the official currency of South Korea. Its ISO 4217 code is KRW and its symbol is ₩. The Won is divided into 100 Chones or jeon, which means "money".

 

History of South Korean Currency

During colonial times there was the Korean Yen, which was used until after World War II, when Korea was divided into two parts. It was then when the Won was born, which would be divided into North Won and South Won. This currency was initially set for the US Dollar at 15 Won = 1 Dollar, although it was gradually devalued due, among other things, to the Korean War and a new currency came into force, the Hwan. The current Won came into circulation in June 1962 with an exchange rate of 10 Hwan = 1 KRW, although it would not be until March 1975 when it would become the only legal tender in South Korea, with a rate of 125 Won = 1 US Dollar.

 

South Korean Won banknotes and coins

South Korean Won banknotes are 1000, 2000, 5000, 10000 and 50000 Won. It is possible that if you travel to South Korea you will find some banknotes from previous series with different denominations, which although they are no longer issued, are still accepted in the country. The banknotes currently in circulation in South Korea are those issued from 2006 onwards.

 

The 1000 Won notes are blue and on the front we can see the plum flower, as well as the figure of Yi Hwang, one of the most recognized confuncian scholars in the country, belonging to the Joseon Dynasty. On the reverse side is a painting by Yi Hwang called Gaesang Junggeodo.

 

The 2000 notes are gray in color and were issued in 2018 in commemoration of the Winter Olympic Games, which took place in Pieonchang. In the front shows ski runners and in the back a painting of a tiger and a pine from the artist Kim Hong-do.

 

The 5,000 banknotes are red in color and show on the front the figure of Yi I, who, like Yi Hwang, is one of the most prestigious confuncian scholars, as well as a politician and reformer. In addition to the background we can see the image of Gangneung, a city in the northeast of the Republic of South Korea. We also find the black bamboo, a representative element of the country. On the back we can see a painting by Shin Saimdang, artist, poet, calligrapher, writer and mother of Yi I.

 

The 10000 Won notes are green, and on the front is the effigy of Sejong the Great, the fourth monarch of the Joseon Dynasty and creator of the alphabet system of the Korean language, Hangul. Also in the background is the Irwobongdo, a folding screen that was placed on the Kings of the Joseon period, as well as the text of the second chapter of the first work written in Hangul. On the reverse side is the image of Honcheonsigye's Globe, the star map of Chonsang Yeolcha Bunyajido.

 

Finally, on the 50000 Won banknotes we find the effigy of Shin Saimdang, who, as mentioned above, was an artist, poet, calligrapher, writer and mother of Yi I. She was a reference figure in terms of confuncionism ideas. In the background we see a painting of insects and plants that makes reference to the painting "Chochungdo" of this artist.

SOUTH KOREAN WON BANKNOTES IN CIRCULATION

 

The South Korean Won coins are 1, 5, 10, 50, 100 and 500 Won. On the sides of the coins appear several representative images of the country.

 

 

How many Wons should I take on my trip to South Korea?

If you are organising your trip to South Korea and have doubts about how much money to take with you, we can help you. Our clients usually take 370 Euros in South Korean Wons. To approximately calculate how much money you will need for your trip you must take into account if, once you arrive at your destination, you have to pay for hotels, rental cars, excursions or  tickets, or if you will only have the day to day expenses such as food, public transport or various purchases.

Look for the closest office with this currency