Foreign Exchange Guide to North Korea

This currency guide to North Korea helps you choose the best way to save money on KPW transfers and travel money.    [HKD/KPW=115.8]

 
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 sending 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 HKD to KPW exchange rate and trend for the previous 3 months:

HKD/KPW at 115.79 is trading 0.5% above the 90-day average 115.23 with a range 114.72 to 115.89. There are no current rate alerts.
24-Jan-2020 16:NY 21:LON 08:SYD+1d

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

 

North Korean Won to United States Dollar - Historical Rates

PeriodKPW/USDDate
1 Day0.00111119 Jan 2020
7 Day0.00111113 Jan 2020
30 Day0.00111121 Dec 2019
3 Month0.00111122 Oct 2019
1 Year0.00111120 Jan 2019
5 Year0.00111121 Jan 2015
10 Year0.00698922 Jan 2010

North Korean Won to Euro - Historical Rates

PeriodKPW/EURDate
1 Day0.00100119 Jan 2020
7 Day0.00099813 Jan 2020
30 Day0.00100321 Dec 2019
3 Month0.00099822 Oct 2019
1 Year0.00097820 Jan 2019
5 Year0.00095721 Jan 2015
10 Year0.00494222 Jan 2010

North Korean Won to British Pound Sterling - 10 Year History

PeriodKPW/GBPDate
1 Day0.00085419 Jan 2020
7 Day0.00085613 Jan 2020
30 Day0.00085421 Dec 2019
3 Month0.00086222 Oct 2019
1 Year0.00086520 Jan 2019
5 Year0.00073421 Jan 2015
10 Year0.00433522 Jan 2010

North Korean Won to Australian Dollar - Historical Rates

PeriodKPW/AUDDate
1 Day0.00161519 Jan 2020
7 Day0.00161113 Jan 2020
30 Day0.00161021 Dec 2019
3 Month0.00162022 Oct 2019
1 Year0.00155120 Jan 2019
5 Year0.00137221 Jan 2015
10 Year0.00774022 Jan 2010

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