20000000 KRW to USD

Understanding KRW to USD Exchange Rates

The South Korean Won (KRW), also known as the Korean Won (WON), is the official currency of South Korea. KRW and WON are interchangeable terms referring to the same currency - KRW is the ISO code while WON is the currency name. KRW/USD exchange rates are influenced by Bank of Korea monetary policy, US Federal Reserve decisions, South Korea's export-driven economy, trade relations with China and the US, geopolitical tensions in the region, and global semiconductor market conditions. The won's value relative to the dollar reflects South Korea's competitive position as a major exporter of technology, automobiles, and consumer electronics.