South Korean Won

South Korean Won

The won (; Korean: 원, Korean pronunciation: [wʌn]; symbol: ₩; code: KRW) or the Korean Republic Won is the currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and appears only in foreign exchange rates. The won is issued by the Bank of Korea, based in the capital city of Seoul.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

1114 South Korean Won to US Dollar exchange rates chart

1114 KRW to USD exchange rates graph
1114 KRW to USD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1114 KRW to USD exchange rates table

Exchange KRW to USD
1114 South Korean Won = 1.000 US Dollar
2228 South Korean Won = 2.000 US Dollar
5570 South Korean Won = 5.000 US Dollar
11140 South Korean Won = 9.999 US Dollar
Exchange South Korean Won to US Dollar
1114 South Korean Won to US Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best KRW/USD rate at Woori Bank in Seoul

1114 KRW to USD exchange rates at Woori Bank in Seoul
1114 South Korean Won = 0.972 US Dollar
Woori Bank
Woori Bank

Woori Bank (Hangul: 우리은행 Uri Eunhaeng) is a bank headquartered in Seoul, South Korea and Woori Bank is a subsidiary of the parent company Woori Financial Group. The bank was founded back in 1899, originally called Daehan Cheon-il Bank, renamed Joseon Sangup Bank in 1911, then Commercial Bank of Korea in 1950s. Following the 1997 Asian financial crisis, it merged with the former Hanil Bank and Peace Bank to become Hanvit Bank. Woori Bank adopted its current name in 2002. Its Jongno branch is...

Best KRW/USD rate at LA Currency in Los Angeles

1114 KRW to USD exchange rates at LA Currency in Los Angeles
1114 South Korean Won = 0.924 US Dollar
LA Currency
LA Currency

Frequently Asked Questions No, we do not have any fees and our adjusted, real-time exchange rates can be found on our website. You can always find out how much you will get for your currency or how much you will need to buy currency. Make sure to refresh the browser to get updated rates. Yes, we have free parking at both our locations that are in a shopping plaza with a convenient parking lot and a security personnel. Cash to cash is our preferred payment method. However, only debit cards...

1114 KRW to USD exchange rates news

Korean coffee imports expected to contract this year

Korea is expected to import less coffee for the first time in six years in 2018 as demand for the beverage has been hit by sluggish economic growth, market watchers here said on December 9.  In the January-October period, total imports of coffee stood at 121,019 tons, down 1,103 tons from a year earlier. This is the first on-year decrease since 2012. Asia’s fourth largest economy imported 82,446 tons of coffee in...

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Pro wrestler, archer to be inducted into Korea's Sports Hall of Fame

Late South Korean pro wrestling legend Kim Il and former world archery champion Kim Jin-ho will enter the country's Sports Hall of Fame, the national Olympic committee announced Wednesday. The Korean Sport & Olympic Committee said the two athletes have been named as its "sports heroes" for 2018. They were selected among six candidates after a panel of experts at the KSOC's sports hero selection committee evaluated th...

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Swimmers hit world body FINA with California antitrust case

Three Olympic and world champion swimmers have filed an anti-trust suit in California challenging governing body FINA's control of organizing competitions

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South Korean stocks fall most in 6 weeks on Huawei executive arrest
South Korean stocks fall most in 6 weeks on Huawei executive arrest

SEOUL: South Korean shares fell the most in six weeks on Thursday, pounded by quickly souring sentiment after the arrest of a top executive of Chinese telecoms

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Global stocks recover as investors search for bargains

Global stock markets recovered their poise Wednesday as investors picked up what they hope are bargains following another round of losses

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EU seeks to reduce dependence on US dollar

The EU is looking for ways to reduce its reliance on the US dollar for the performance of its own currency, the euro. The US has worried the EU with its stance on Iran, and the allies have made it clear that they disagree on foreign policy decisions.

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US Dollar Slides As ADP Private Sector Job Growth Slows

CANBERA (Alliance News) - The US dollar weakened against its major counterparts in the European ...

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Rupiah weakens to Rp 14,507 per US dollar on Thursday

The rupiah exchange rate weakened to Rp 14,507 per United States dollar on Thursday, according to the Jakarta Interbank Spot Dollar Rate (JISDOR), marking a 0.86 percent drop from the rate on Wednesday at Rp 14,383 per US dollar.

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U.S. dollar closes higher on Taipei forex market | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Dec. 6 (CNA) The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.051 to close at NT$30.857.

indicative positive

1114 KRW to USD currency converter