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North Korea - North Korean Won - Currency Guide

 

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

   

USD/KPW 90-day view

USDKPW is steady at its 90-DAY average 900.
|
No alerts
 
Recent USD to KPW 90-day trend
   

KPW News, Forecasts and Trends

The above interactive chart shows the USD to KPW exchange rate, trend and recent alerts for the last 90 days.

US Dollar to North Korean Won - Historical Rates

USD/KPW rateChangePeriod
18 Nov 2020 : 900.0000no change1 Week
26 Oct 2020 : 900.0000no change30 Days
27 Aug 2020 : 900.0000no change90 Days
26 Nov 2019 : 900.0000no change1 Year
27 Nov 2015 : 900.09000% ▼5 Years
28 Nov 2010 : 143.0890529% ▲10 Years

USD/KPW 10 year historic rates & change to 25-Nov-2020 : 900.0000

 

U$10,000 USD
=
₩9,000,000 KPW

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

US Dollar to North Korean Won - Quick Conversions

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

When searching around for information on how to get a good exchange rate when sending money to North Korea you need to start with finding out the latest North Korean Won exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees 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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