However, South Korea made a strong economic rebound unlike other countries and the won has been relatively even at around won to the dollar ever since. The won continued at a steady pace until when, just like much of the rest of the world, the global economy crisis affected the value of the won and devalued it to won to one US dollar by 6 March Exchange rates used in-store may differ from those offered online.
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A look back at US dollar to South Korean won rates When the won was first introduced init was pegged to the Japanese yen at a rate of one won to one yen.
In December ofPresident Kim Dae-jung declared that the currency crisis was over and the economy was truly recovering.
All rates are subject to change from time to time without notice. Return of the won After the won was reintroduced inthe currency remained pegged to the US dollar all the way up until December 24,although the peg was moved several times: to won in Maywon in Augustin December and in January of Find a store near you The lowdown on the Philippine peso Way back in the pre-Hispanic Philippines, gold was plentiful and was used for bartering and trading with neighbouring islands.
On February 27,the idea of a floating exchange rate was initiated, which was finally put in place by