![]() This was done in the hopes of increasing the value of its currency in international trade. In the 1980s, South Korea moved away from having its currency pegged to the dollar in favour of using a basket of currencies. The Korean won was initially pegged at a rate of 15 won to 1 dollar, but due to the economic toll of the Korean War, the won was subsequently devalued multiple times. During the period of Japanese colonial rule over the country from 1910 until 1945, the won was temporarily substituted for the Korean yen, a currency used by the Japanese. The won has served as the standard unit of currency for the Korean people for literally thousands of years. Let’s learn about the South Korean won exchange rate history. You can keep an eye on the real-time Korean Won price. The live Korean Won rate is INR (0.065 □). The South Korean won currency symbol is ₩**.** In recent years, the won has established itself as a reliable and extensively traded currency thanks in large part to South Korea's expansive and highly developed economy. Throughout the course of the last century, the won has undergone a series of transformations and adjustments in order to counteract the impacts of devaluations as well as the consequences of war. dollar, the Japanese yen, and the European Union euro (EUR). The won can be traded for any other currency in the globe at any time, including the U.S. ![]() The jeon, equivalent to one hundred won, is the lowest currency value that can be obtained in South Korea. ![]() Korean Won is the official currency of South Korea. On the note worth 5,000 won is a portrait of Yi I, while on the note worth 10,000 won is a portrait of King Sejong. Quick Facts About the Korean Won Notes Country of Origin ![]()
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