Convert South Korean Won to United States Dollar
Please provide values below to convert South Korean Won [KRW] to United States Dollar [USD], or Convert United States Dollar to South Korean Won.
How to Convert South Korean Won to United States Dollar
1 KRW = 1382.5712 USD
Example: convert 15 KRW to USD:
15 KRW = 15 × 1382.5712 USD = 20738.568 USD
South Korean Won to United States Dollar Conversion Table
| South Korean Won | United States Dollar |
|---|
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.