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Foreign Exchange Guide to North Korea

Read this currency guide to North Korea with money transfer and travel tips.   [USD/KPW=900]

 
North Korea
Country Code:
KP
Domestic Currency:
North Korean Won
Symbol - Code:
₩ KPW
Telephone Prefix:
+850

This is a foreign exchange guide to North Korea, the North Korean Won currency plus KPW transfers and travel tips.

In this North Korea currency guide we take a look at :

  1. North Korean Won info - general info about the North Korean Won
  2. North Korean Won in the markets - recent KPW moves and predictions from the FX markets
  3. Travelling in North Korea - currency & money saving tips
  4. Buying North Korean Won cash online - travel money for North Korea
  5. Sending money to North Korea - save on North Korean Won bank transfers to North Korea
  6. North Korean Won exchange rates - latest & historic exchange rates.

North Korean Won (KPW) general currency information


What is the North Korean Won currency code and symbol?

The three letter currency code for the North Korean Won is KPW and the symbol is .


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?


Which countries use the North Korean Won?

It is the domestic currency in North Korea.


North Korean Won (KPW) in the markets

The interactive chart below shows the USD to KPW exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-KPW 3 Month chart
Loading USD/KPW Chart
USDKPW currency converter

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.

   

North Korea Trip Checklist    

 
  1. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to North Korea

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 foreign-transfer exchange rate.

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 here).


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 our Send to KPW 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!

   

Bank Transfers to North Korea

Compare Transfer Rates

 

Popular KPW cross rates


KPW/USD - North Korean Won to United States Dollar - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0011111 Week
18 Jan 20190.0011111 Month
21 Aug 20180.0011116 Months
17 Feb 20180.0011111 Year
17 Feb 20170.0011112 Years
18 Feb 20140.0011115 Years
19 Feb 20090.00701810 Years

KPW/EUR - North Korean Won to Euro - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0009811 Week
18 Jan 20190.0009771 Month
21 Aug 20180.0009606 Months
17 Feb 20180.0008961 Year
17 Feb 20170.0010472 Years
18 Feb 20140.0008085 Years
19 Feb 20090.00553310 Years

KPW/GBP - North Korean Won to British Pound Sterling - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0008591 Week
18 Jan 20190.0008631 Month
21 Aug 20180.0008616 Months
17 Feb 20180.0007921 Year
17 Feb 20170.0008952 Years
18 Feb 20140.0006665 Years
19 Feb 20090.00489410 Years

KPW/JPY - North Korean Won to Japanese Yen - 10 Year History

DateExchange RatePeriod
10 Feb 20190.12201 Week
18 Jan 20190.12201 Month
21 Aug 20180.12246 Months
17 Feb 20180.11811 Year
17 Feb 20170.12542 Years
18 Feb 20140.11365 Years
19 Feb 20090.660010 Years

KPW/AUD - North Korean Won to Australian Dollar - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0015651 Week
18 Jan 20190.0015501 Month
21 Aug 20180.0015096 Months
17 Feb 20180.0014051 Year
17 Feb 20170.0014492 Years
18 Feb 20140.0012325 Years
19 Feb 20090.010910 Years

KPW/CAD - North Korean Won to Canadian Dollar - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0014751 Week
18 Jan 20190.0014731 Month
21 Aug 20180.0014486 Months
17 Feb 20180.0013951 Year
17 Feb 20170.0014552 Years
18 Feb 20140.0012175 Years
19 Feb 20090.00880010 Years

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