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.

Japanese Yen

Japanese Yen

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. This intervention continues to this day. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

9 South Korean Won to Japanese Yen exchange rates chart

9 KRW to JPY exchange rates graph
9 KRW to JPY 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.

9 KRW to JPY exchange rates table

Exchange KRW to JPY
9 South Korean Won = 0.903 Japanese Yen
18 South Korean Won = 1.805 Japanese Yen
45 South Korean Won = 4.514 Japanese Yen
90 South Korean Won = 9.027 Japanese Yen
Exchange South Korean Won to Japanese Yen
9 South Korean Won to Japanese Yen 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/JPY rate at World Currency Shop in Tokyo

9 KRW to JPY exchange rates at World Currency Shop in Tokyo
9 South Korean Won = 77.400 Japanese Yen
World Currency Shop
World Currency Shop

WCS(World Currency Shop) is one of the largest Money Exchange network in Japan, operated by a subsidiary of MUFG Bank,LTD. Our shops can be found in various location such as Tokyo,Yokohama,Nagoya,Osaka,Kyoto and Fukuoka. We keep 21 foreign currency in stock all the time. For your added convenience,visit http://www.tokyo-card.co.jp/wcs/wcs-shop-e.php 外貨両替 外貨両替 お知らせ 本日のレート / rate 店舗案内 / shop 求人情報 外貨両替のホームページは携帯でもご覧いただけます! QRコード 上のQRコードを携帯カメラで撮れば、WCSサイトへアクセスできます。 今すぐアクセス! 外貨両替 カード会員のお客様 加盟店のお客様...

Best KRW/JPY rate at Woori Bank in Seoul

9 KRW to JPY exchange rates at Woori Bank in Seoul
9 South Korean Won = 0.887 Japanese Yen
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/JPY rate at Yen Exchange in Osaka

9 KRW to JPY exchange rates at Yen Exchange in Osaka
9 South Korean Won = 0.867 Japanese Yen
Yen Exchange
Yen Exchange

Newly open -SUOUMACHI- Posted on December 1, 2017 We are excited to announce that as of December 1, 2017, we have opened a new location in Suoumachi, Osaka. We handle “Malaysian Ringgit”, and “Pound” at our new location. We handle foreign currency exchanges with the BEST rate in ALL of Osaka. Address: 15-15-1 Higashishinsaibashi, Chuo-ku, Osaka 542-0083 (inside a convenience store “Poplar”) Business Hours: Open 24/7 365days a year NAMBA MAP 05:00 A.M. 01:00 A.M. 2-8-97, Nambanaka,...

Best KRW/JPY rate at Tourex in Osaka

9 KRW to JPY exchange rates at Tourex in Osaka
9 South Korean Won = 0.860 Japanese Yen
Tourex
Tourex

Welcome to the page of the Tourex Amerikamura store in Osaka, introduced by our Tourex Amerikamura staff. Address Osaka city, Chuo-ward, Nishi-Shinsaibashi 2-18-6 Tel (+81) 6-6484-2006 Open 10:30am - 6:30pm Trading currencies 12 countries Please find the 12 country's currencies listed below. USD USD ※ EUR EUR ※ CNY CNY ※ KRW KRW ※ HKD HKD ※ AUD AUD ※ TWD TWD ※ CAD CAD ※ THB THB ※ GBP GBP ※ PHP PHP ※ SGD SGD ※ MYR MYR ※ IDR IDR NZD NZD CHF CHF Sankaku Park (triangle park) The triangle park is...

9 KRW to JPY exchange rates news

Ji Yong Kim Wins at EnergaCamerimage With ‘The Fortress’
Ji Yong Kim Wins at EnergaCamerimage With ‘The Fortress’

South Korean cinematographer Ji Yong Kim won the EnergaCamerimage fest top prize on Saturday for Renaissance-era war story “The Fortress."

indicative positive
Hanyu, Zagitova win Rostelecom Cup

Japan's Yuzuru Hanyu won gold at the Rostelecom Cup, the fifth of six Grand Prix figure skating events, despite an ankle injury that left him on crutches after the competition

indicative positive
South Korean dominance continues at World Taekwondo Poomsae Championships
South Korean dominance continues at World Taekwondo Poomsae Championships

South Korea won another seven gold medals today at the World Taekwondo Poomsae Championships in Chinese Taipei, to continue their domination of the ev...

subjunctive neutral
Fri. 2:15 p.m.: North Korea deports American even as it boasts of new weapon | News, Sports, Jobs - Tribune Chronicle

SEOUL, South Korea (AP) — North Korea on Friday said it will deport an American citizen it detained for illegal entrance, an apparent concession to the United

conditional negative
South Korea setting the standard at World Taekwondo Poomsae Championships
South Korea setting the standard at World Taekwondo Poomsae Championships

South Korea won eight gold medals today during a highly successful session at the 2018 World Taekwondo Poomsae Championships in Chinese Taipei.

indicative positive
Dollar falls as Fed officials ring note of caution, pound bounces
Dollar falls as Fed officials ring note of caution, pound bounces

By Richard Leong NEW YORK (Reuters) - The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose fo...

conditional neutral
USD/JPY Weekly Price Forecast - US dollar falls against Japanese yen for the week

The US dollar fell significantly against the Japanese yen during the week, as we continue to struggle with the ¥114.50 level above. That’s an area that shows resistance all the way to the 115 young level, so it makes sense that we would struggle to break above there.

conditional positive
Corporate Japan's net profits to inch up 1% in sharp slowdown

TOKYO -- Japanese corporate profits are on course to rise 1% for another record in fiscal 2018, an estimate that is significantly lower than the 34% j

indicative neutral
FOREX-Euro, pound firm after draft Brexit deal; yen strengthens
FOREX-Euro, pound firm after draft Brexit deal; yen strengthens

*Euro, sterling supported by draft Brexit deal. *Fed rate view, economic growth seen supporting dollar. *Graphic: World FX rates in 2018.

conditional neutral
Here’s how much Brexit turmoil might whack the British pound, analysts predict
Here’s how much Brexit turmoil might whack the British pound, analysts predict

Amid a new flurry of resignations on Thursday, Prime Minister Theresa May and her Brexit plans are vulnerable, throwing the British pound into a spiral lower as uncertainty looms.

conditional negative

9 KRW to JPY currency converter