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    North Korea - North Korean won - Currency Guide

     

    Foreign exchange guide to North Korea and the North Korean won (KPW)

    What's in this North Korea currency guide?

    1. USD/KPW trend
    2. Forecasts
    3. Travel North Korea
    4. Spending KPW
    5. Send to North Korea
       

    USD/KPW Trend (90-day)

    USD to KPW is steady at 90 day average 900.
    |
    No alerts
     

    The below interactive chart displays the USD/KPW trend and UP DOWN HIGH LOW alerts

     
    USD to KPW Currency Trend Chart
       

    US dollar to North Korean won - Historical Rates

    USD/KPW wasChangePeriod
    900.00
    05 Oct 2021
    no change2 Weeks
    900.00
    21 Jul 2021
    no change90 Days
    900.00
    19 Oct 2020
    no change1 Year
    900.09
    20 Oct 2016
    0% 5 Years
    139.09
    22 Oct 2011
    547.1% 10 Years
    2.2078
    24 Oct 2001
    40664.6% 20 Years
    USD/KPW change over periods to 19-Oct-2021
     

    $10,000 USD
    =
    ₩9,000,000 KPW

    Converted at USD/KPW interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to KPW - Quick Amounts

    Sell USD   →   Buy KPW
    USD KPW
    $ 1 900.00
    $ 5 4,500
    $ 10 9,000
    $ 20 18,000
    $ 50 45,000
    $ 100 90,000
    $ 250 225,000
    $ 500 450,000
    $ 1,000 900,000
    $ 2,000 1,800,000
    $ 5,000 4,500,000
    $ 10,000 9,000,000
    $ 20,000 18,000,000
    $ 50,000 45,000,000
    $ 100,000 90,000,000
    USD KPW
    $ 0.0011 ₩ 1
    $ 0.0056 ₩ 5
    $ 0.0111 ₩ 10
    $ 0.0222 ₩ 20
    $ 0.0556 ₩ 50
    $ 0.1111 ₩ 100
    $ 0.2778 ₩ 250
    $ 0.5555 ₩ 500
    $ 1.1110 ₩ 1,000
    $ 2.2220 ₩ 2,000
    $ 5.5550 ₩ 5,000
    $ 11.11 ₩ 10,000
    $ 22.22 ₩ 20,000
    $ 55.55 ₩ 50,000
    $ 111.10 ₩ 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in North Korea?

    The domestic currency in North Korea is the North Korean won.

    What is the North Korean won currency code and symbol?

    The three letter currency code for the North Korean won is KPW — symbol is .

    Which countries use the North Korean won?

    It is the domestic currency in    North Korea.

    Is the North Korean won a closed currency?

    Yes the North Korean won is a closed currency. Which means that you may find it difficult to purchase the currency (KPW) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.

    For more information and a full list of closed currencies please refer to our guide: What is a closed currency?

     

    Travel, Currency and Money saving tips for North Korea

    Travel money for North Korea

    As mentioned above, the North Korean won is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (KPW) before departure and will need to buy it upon arrival in North Korea.

    For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the KPW you will incur currency conversion or foreign transaction fees if you use a travel money card in North Korea.

    However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.

     

    Send Money to North Korea - Best Rates

    To get a good (and fair) exchange rate when sending money to North Korea you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to North Korea

    When sending money to North Korea it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or North Korean won amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted KPW amount will be transfered to the recipient account you specify in North Korea.

    Use the above Send to North Korean won calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more North Korean won deposited into the recipient bank account and less margins and fees kept by the banks!


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