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KRW (Korean Won)

What is 'KRW'

The currency abbreviation or currency symbol for the Korean won (KRW), the former currency for Korea. The won was made up of 100 chon and is often presented with the symbol (__). No banknotes denominated in won were ever issued.

Explaining 'KRW'

The won was first seen in 1902, replacing the yang. It appeared in the form of coins of various denominations which were equal to the Japanese yen, which along with the Korean yen replaced this currency in 1910.


Further Reading


Long memory volatility dependency, temporal aggregation and the Korean currency crisis: the role of a high frequency Korean won (KRW)–US dollar ($) exchange …
www.sciencedirect.com [PDF]
… Thus, the long memory dependency in the volatility process of the KRW–$ high frequency returns appears to be the … Google Scholar. Kim, 2001 JS KimAsymmetric volatility spillovers in the Korean foreign exchange market. Bank of Korea Economic Papers, 4 (2001), pp …

The Bank of Korea's policy response to the global financial crisisThe Bank of Korea's policy response to the global financial crisis
papers.ssrn.com [PDF]
… Thus, the long memory dependency in the volatility process of the KRW–$ high frequency returns appears to be the … Google Scholar. Kim, 2001 JS KimAsymmetric volatility spillovers in the Korean foreign exchange market. Bank of Korea Economic Papers, 4 (2001), pp …

The price discovery and volatility transmission between Korean won, Chinese yuan, and Japanese yenThe price discovery and volatility transmission between Korean won, Chinese yuan, and Japanese yen
www.korfin.org [PDF]
… Thus, the long memory dependency in the volatility process of the KRW–$ high frequency returns appears to be the … Google Scholar. Kim, 2001 JS KimAsymmetric volatility spillovers in the Korean foreign exchange market. Bank of Korea Economic Papers, 4 (2001), pp …

Future of long-term care financing for the elderly in KoreaFuture of long-term care financing for the elderly in Korea
www.tandfonline.com [PDF]
… Thus, the long memory dependency in the volatility process of the KRW–$ high frequency returns appears to be the … Google Scholar. Kim, 2001 JS KimAsymmetric volatility spillovers in the Korean foreign exchange market. Bank of Korea Economic Papers, 4 (2001), pp …

Easy cuts, easy rebound: Drug expenditures with massive price cuts in KoreaEasy cuts, easy rebound: Drug expenditures with massive price cuts in Korea
www.sciencedirect.com [PDF]
… Thus, the long memory dependency in the volatility process of the KRW–$ high frequency returns appears to be the … Google Scholar. Kim, 2001 JS KimAsymmetric volatility spillovers in the Korean foreign exchange market. Bank of Korea Economic Papers, 4 (2001), pp …

Measuring the economic benefits of designating Baegnyeong Island in Korea as a marine protected areaMeasuring the economic benefits of designating Baegnyeong Island in Korea as a marine protected area
www.tandfonline.com [PDF]
… Thus, the long memory dependency in the volatility process of the KRW–$ high frequency returns appears to be the … Google Scholar. Kim, 2001 JS KimAsymmetric volatility spillovers in the Korean foreign exchange market. Bank of Korea Economic Papers, 4 (2001), pp …

The Stabilizing Effects of Active KRW-JPY Transactions on KRW Exchange Rate Movements (in Korean)The Stabilizing Effects of Active KRW-JPY Transactions on KRW Exchange Rate Movements (in Korean)
ideas.repec.org [PDF]
… Thus, the long memory dependency in the volatility process of the KRW–$ high frequency returns appears to be the … Google Scholar. Kim, 2001 JS KimAsymmetric volatility spillovers in the Korean foreign exchange market. Bank of Korea Economic Papers, 4 (2001), pp …

A multiscale neural network learning paradigm for financial crisis forecastingA multiscale neural network learning paradigm for financial crisis forecasting
www.sciencedirect.com [PDF]
… Thus, the long memory dependency in the volatility process of the KRW–$ high frequency returns appears to be the … Google Scholar. Kim, 2001 JS KimAsymmetric volatility spillovers in the Korean foreign exchange market. Bank of Korea Economic Papers, 4 (2001), pp …



Q&A About KRW (Korean Won)


What is the currency abbreviation or symbol for the Korean won?

KRW.

Where was this currency used?

Korea.

When did the Korean won replace the yang?

In 192.

Who replaced this currency with yen in 191?

Japan.