South Korean Won (KRW)
The South Korean won is the currency of South Korea and a proxy for global demand for technology. The Bank of Korea sets policy and the won floats, though the authorities have smoothed sharp moves.
The latest available mid-market reference is 1 KRW = 0.00074816 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the South Korean Won
South Korea is a major exporter of semiconductors, cars and ships, and the won is a liquid proxy for technology demand. It is not widely held in reserves, so it reacts quickly to risk sentiment.
A short history
The won was introduced in 1945 and has been redenominated twice. South Korea moved to a floating rate in 1997 during the Asian financial crisis.
What moves the South Korean Won
Semiconductor and auto exports, the Bank of Korea policy rate, global technology demand and risk appetite.
Live KRW exchange rate
| Currency | 1 KRW equals |
|---|---|
| US Dollar (USD) | 0.00074816 |
| Euro (EUR) | 0.00067325 |
| British Pound (GBP) | 0.00056293 |
| Japanese Yen (JPY) | 0.1193 |
| Chinese Yuan (CNY) | 0.005002 |
| Indian Rupee (INR) | 0.070216 |
| Canadian Dollar (CAD) | 0.001065 |
| Australian Dollar (AUD) | 0.001092 |
| Swiss Franc (CHF) | 0.00062235 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
KRW conversion pages
Other currency profiles
South Korean Won questions
What is the South Korean Won?
South Korean Won (KRW) is used in the following countries and territories: South Korea. Central bank: Bank of Korea. Exchange rate regime: free float.
Which countries use the South Korean Won?
The South Korean Won is used in the following countries and territories: South Korea.
What affects the South Korean Won exchange rate?
Semiconductor and auto exports, the Bank of Korea policy rate, global technology demand and risk appetite.