Euro to North Korean won — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: North Korea

Currency Code, Symbol: KPW, ₩

Denominations of coins in circulation: 1, 5, 10, 50 chon, ₩1

Denominations of banknotes in circulation: ₩100, ₩200, ₩500, ₩1000, ₩2000, ₩5000

History: The North Korean won (₩) is the official currency of North Korea. The KPW abbreviation is used in the international currency arena. Chon is a coin that serves as change for the North Korean won.Every KPW consists of 100 chon. The won has been the official currency since 1947. It has replaced the Korean yen. The currency is used solely for domestic operations among citizens. There is a special currency for foreign guests. Interestingly, the term “won” is related to “yen” (Japanese money ¥) and denotes a round shape.Read More