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. Markets

    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. Investing

    The Pointless, Persistent US Sanctions Against North Korea

    The U.S and its allies have been imposing sanctions against North Korea for decades. The latest sanctions over hacking of Sony Pictures may not have much effect.
  3. Markets

    Will South Korea Devalue the Won?

    Learn why the largest countries in Asia are devaluing their currencies. Discover how South Korea may respond and what this means for Asian economies.
  4. Investing

    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.
  5. Investing

    South Korea Announces $17 Billion Stimulus

    South Korea plans a stimulus package of over 20 trillion won to insulate the country from the uncertainties and risks arising out of the Brexit vote.
  6. Trading

    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.
  7. Markets

    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.
  8. Markets

    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.
  9. 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.
  10. Markets

    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.
RELATED FAQS
  1. 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 $2,500 in ... Read Answer >>
  2. 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 >>
  3. 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 >>
  4. 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 >>
  5. 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 >>
  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. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  2. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  3. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  4. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  5. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  6. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
Trading Center