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 :
- North Korean Won info - general info about the North Korean Won
- North Korean Won in the markets - recent KPW moves and predictions from the FX markets
- Travelling in North Korea - currency & money saving tips
- Buying North Korean Won cash online - travel money for North Korea
- Sending money to North Korea - save on North Korean Won bank transfers to North Korea
- 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:
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
- 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or North Korean Won amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- 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!