What’s the Current Value of the Won? A Simple Guide
What’s the Current Value of the Won? A Simple Guide What’s the Current Value of the Won? A Simple Guide Date: September 3, 2024 Understanding the Value of the Won: A Comprehensive Overview In today’s global economy, knowing the current value of different currencies is crucial. One currency that often sparks interest is the won. The won is the official currency of South Korea, and its value can fluctuate based on various factors. In this guide, we’ll explore the current value of the won, factors influencing its value, and practical tips for managing it. What is the Won? Introduction to the Won The won (KRW) is the currency used in South Korea. It has been in use since 1945, replacing the Korean yen after the end of Japanese occupation. The won is divided into 100 jeon, though jeon coins are no longer used in everyday transactions. The Current Exchange Rate How to Find the Latest Exchange Rate As of September 3, 2024, the exchange rate of the South Korean w...