What is the currency of South Korea

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South Korean won

The currency of South Korea is the South Korean Won; shorthand KRW and symbol ₩. It is also known as the Korean Republic Won.

South Korea is hosting the winter olympics from 9th to 25th February 2018 and if you are travelling you will need Korean money. The host city is Pyeongchang where up to 90 countries are expected to take part in 102 events in 15 sports including alpine skiing, bobsleigh, figure skating and ice hockey among others.

Korean currency is called the Won in North Korea and South Korea but are issued by different banks, have different denominations and different sub-units. South Korean money is issued by the Bank of Korea and has note denominations of ₩1,000, ₩2,000, ₩5,000, ₩10,000, ₩50,000 and has coin denominations of ₩10, ₩50, ₩100, ₩500.

At the time of writing €10 would buy about ₩12,000 and for €1000 you could become a South Korean won millionaire!

Recent Euro-Won exchange rate history

7 Day

korean won 7 day history graph

From Wednesday 29th November to Tuesday 5th December the South Korean Won has increased by 0.89% from Wednesday 29th rate of 1203.35 to today’s rate of 1214.00 which means €1000 will buy you ₩10,650.00 more now than it would have a week ago. During this period the best rate we recorded was 1217.51 on Sunday and the worst rate was 1203.35 on Wednesday.

90 Day

korean won 90 day history graph

The 90 day outlook has seen the South Korean Won rate drop by 4.33% from 1268.93 on 7th September 2017 to 1214.00 today. Based on these figures, €1000 would have bought you ₩54,930.00 more three months ago that it would have today. We recorded a high rate of 1281.04 on 10th September 2017 and a low rate of 1203.35 on 29th November 2017.

If you are travelling to South Korea for the Olympics or anything else you can visit our KRW currency page and check out the Korean Won exchange rate.

If you need travel guides that give you a wealth of information about the country then the masters are Lonely Planet Guides.

Posted by Graham Morley

Graham Morley

Graham is the Business Development Manager for Compare Holiday Money.

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