KPW (North Korean Won)

DEFINITION of 'KPW (North Korean Won) '

The currency symbol or currency abbreviation for the North Korean won (KPW), the currency for North Korea. The won is divided into 100 chon and is often presented with the symbol W. The word "won" is a hybrid of the Chinese word "yuan" and Japanese "yen".

BREAKING DOWN 'KPW (North Korean Won) '

The won was first seen in 1947, replacing the previous Korean yen. It underwent a 100:1 revaluation in 1959. The North Korean government abandoned the set exchange rate with the U.S. dollar in 2001, and the real exchange rate has dropped precipitously since then.

RELATED TERMS
  1. KRW (Korean Won)

    The currency abbreviation or currency symbol for the Korean won ...
  2. KRW

    The currency abbreviation or currency symbol for the Korean won ...
  3. Korean Composite Stock Price Indexes ...

    A series of indexes that track the overall Korean Stock Exchange ...
  4. Eurocurrency

    Currency deposited by national governments or corporations in ...
  5. JPY

    The currency abbreviation or the currency symbol for the Japanese ...
  6. JPY (Japanese Yen)

    The currency abbreviation or the currency symbol for the Japanese ...
Related Articles
  1. Investing

    Why North Korea Hates The U.S.

    Here are the key reasons why North Korea hates the US and why their relations are so sour.
  2. Personal Finance

    Kim Jong Il's Death And The Markets

    The sudden change in leadership in North Korea brings even more uncertainty to the markets.
  3. Investing News

    North Korean Sanctions Just Got Serious

    Seoul's decision to shut down the Kaesong Industrial Complex is a blow to the region's attempts at economic cooperation and peaceful coexistence.
  4. Forex Education

    North Korean Vs. South Korean Economies

    North Korea's economy is defined by its military ambitions and the humanitarian aid it receives, while South Korea is a world economic powerhouse.
  5. Economics

    Will North and South Korea Ever Reunite?

    North and South Korea have been divided for over six decades. Some analysts think the two countries could reunify within the next 10 years.
  6. Retirement

    Retire In South Korea With $200,000 Of Savings?

    In modern South Korea, the cost-of-living differential may not be so good as elsewhere in SE Asia, but with a large enough nest egg, you can be okay.
  7. Investing

    Why North Korea & South Korea Are Separated

    Once united for centuries, today North and South Korea are perfect examples of opposite worlds, divided by politics and ideologies.
  8. Economics

    The Constant Crisis Of The North Korea Economy

    A peek into the secretive and totalitarian economy of North Korea
  9. Economics

    3 Reasons Why North Korea Is Important in 2016

    Learn three areas where North Korea has the potential to disrupt the markets of the Asia-Pacific region and sour the U.S.-China relationship.
  10. Economics

    2 Countries That Are Friends With North Korea

    Learn about the few international allies of North Korea and the reasons the country is largely politically isolated from the rest of the world.
RELATED FAQS
  1. Is North Korea a developed country?

    Understand what makes a developed country, and learn why North Korea is about as far from reaching that status as a country ... Read Answer >>
  2. Can I trade a currency when its main market is closed?

    In the forex market, currencies from all over the world can be traded at all times of the day. The forex market is very liquid, ... Read Answer >>
  3. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
  4. Why do some stock symbols have three letters while others have four? What is the ...

    Stocks found on the New York and American Stock Exchange will normally have symbols with three letters or fewer. On the other ... Read Answer >>
  5. How I should allocate my large lump sum of savings: mutual funds, stock market or ...

    I'm 21 years old, just coming out of college with $16,000 in savings, about $10,000 in my stock portfolio, and $2,50 ... Read Answer >>
  6. How often do exchange rates fluctuate?

    Exchange rates float freely against one another, which means they are in constant fluctuation. Currency valuations are determined ... Read Answer >>
Hot Definitions
  1. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  2. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  3. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  4. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  5. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  6. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
Trading Center