North Korean won to US Dollar — exchange rate

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

Country of Circulation: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.Read More