The South Korean won is the currency in circulation in South Korea since , although it would later be replaced, temporarily, by the Hwan. It is divided into dollars, the amount of which there is no currency. The plural of "won" is "wones". In Korea was divided into North and South. Each of these territories would have a different currency, although, in both cases, it would be called won and would replace the existing yen.
After this, the currency would suffer a series of devaluations, in part, by the Korean War. The first South Korean won was replaced by the hwan on February 15, at a rate of 1 hwan equal to won. At that time, it was the Bank of Joseon that minted the coins and issued the notes and it was not until when the Bank of Korea was created.
And with it, new banknote denominations were introduced. A year later a new series of bills denominated in won was introduced, although they were the first emissions of the hwan. On June 9, , the won was reintroduced with an exchange rate for which 10 hwan equaled 1 KRW and on March 22, it would become the only legal currency in South Korea.
At the time of its introduction, won equaled 1 US dollar. On December 24, an agreement was signed with the International Monetary Fund to allow the free fluctuation of the won in the market.
Average These are the average exchange rates of these two currencies for the last 30 and 90 days. Volatility These percentages show how much the exchange rate has fluctuated over the last 30 and day periods. Currency Information. More South Korean Won info. More US Dollar info. The world's most popular currency tools. Xe International Money Transfer.
Send money. Xe Currency Charts. View charts. Xe Rate Alerts. A line of a Korean traditional lattice pattern is embossed on the strip's right end. The 50,won note has a special blue and gray film with numerous Taegeuk patterns all over it. Taeguek patterns move to the left and right when the note is tilted up and down, while moving up and down when the note is tilted to the left and right. When the note is held up to the light, the movement of the Taegeuk patterns appears more clearly.
The sizes of the digits numbers and letters used in the serial number increase gradually from left to right. Held up to the light, a hidden portrait of Shin Saimdang , produced by using the variation in thickness of the note paper, appears in the non-image area on the left side of the obverse.
SPAS is a kind of watermark, produced using the maximized thickness variations in the note paper. Instead of this kind of security thread, a windowed security thread is employed on the 1,won note, at the center. Granular texture can be felt when touching the portrait of Shin Saimdang, the Wolmaedo painting, letters, five lines of tactile marks and denomination numbers. When the note is held up to the light, the round images on the obverse and reverse are combined, appearing as a two-comma roundel Taegeuk.
Exactly identical patterns are printed at the same places in the top and bottom and to the right and left, around the edges of the note. If we fold a banknote and connect the top and bottom or the right and left, the patterns overlap.
To heighten the counterfeiting deterrent effect, a special printing method for mixing colors naturally in areas shared by two different colors is employed. When the note is illuminated with ultraviolet light, fluorescent green security ink on the grape painting and short fluorescent red, blue and green lines fluorescent security fibers show all over the banknote.
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