Rate Won sud-coreean KRW
BNR
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KRW/RON
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Chart KRW/RON
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Fintech, cards and transfers — KRW
Fintech cards (Revolut, Wise, N26...), payment networks (Mastercard, Visa) and international transfer services for KRW/RON.
| Provider | Status | You buy KRW | You sell KRW | Spread | Category |
|---|---|---|---|---|---|
|
Mastercard
|
LIVE | 0.0030 | 0.0031 | 3.33% | network |
|
Visa
|
LIVE | 0.0030 | 0.0031 | 3.33% | network |
|
N26
↪EUR
|
LIVE | 0.0030 | 0.0031 | 3.33% | card |
|
Monese
↪EUR
|
LIVE IBAN RO | 0.0030 | 0.0031 | 3.33% | card |
|
Paysera
↪EUR
|
IBAN RO | 0.0030 | 0.0031 | 3.33% | card est. |
|
PayPal
↪EUR
|
LIVE | 0.0030 | 0.0032 | 6.67% | transfer |
|
Western Union
|
LIVE | 0.0030 | 0.0032 | 6.67% | transfer |
|
MoneyGram
|
LIVE | 0.0030 | 0.0032 | 6.67% | transfer |
Spread = half-spread relative to BNR. Services marked with ↪EUR perform double conversion via EUR when they lack direct RON support.
History KRW/RON (last 30 days)
| Week | Mon | Tue | Wed | Thu | Fri |
|---|
About Won sud-coreean (KRW)
The South Korean won (KRW) is the currency of the Republic of Korea, Asia's 4th largest economy. Banknotes feature great Korean scholars and sages, such as King Sejong the Great (10,000 won), creator of the Hangul alphabet. The 50,000 won note, issued in 2009, is the first Korean currency to bear the portrait of a woman (Shin Saimdang). KRW is one of Asia's most active emerging market currencies, and the BOK targets an inflation rate of 2%.
Country/Zone
South Korea
Central Bank
Bank of Korea (BOK)
Symbol
₩
Denominations
Banknotes: 1,000, 5,000, 10,000, 50,000 KRW. Coins: 10, 50, 100, 500 won (coins below 10 won are virtually out of circulation).
⚠ How to recognize counterfeit banknotes of KRW
1
Watermark: The scholar's portrait and denomination visible against light.
2
Security thread: Embedded metallic thread with color-shifting effect.
3
OVI ink: The value numeral changes color when tilted (on the 50,000 won note).
4
Hologram: Holographic strip featuring the map of Korea and the denomination.
Important: If you suspect you have a counterfeit banknote, do not try to use it. Take it to the nearest bank or police station.
Import/Export rules KRW — Romania and EU
↓
Import (entry into Romania)
South Korea requires declaration of cash amounts exceeding the equivalent of 10,000 USD upon entry/exit (Korea Customs Service). South Korea is outside the EU.
↑
Export (exit from Romania)
When leaving South Korea, the same declaration threshold of equivalent 10,000 USD applies. At EU external borders, a declaration of equivalent 10,000 EUR applies.
EU
EU rules
South Korea is a third territory — mandatory declaration at EU external borders (equivalent 10,000 EUR).
General EU rule: Any person entering or leaving the EU with cash amounts of 10,000 EUR or equivalent
must declare them at customs (EU Regulation 2018/1672). Non-declaration can lead to confiscation of the amount and fines.
Banknotes KRW in circulation
| Value | Size | Color | Theme / Portrait | Duration |
|---|---|---|---|---|
| 1000 KRW | 136 x 68 | Blue | Yi Hwang (Toegye) | ~3 years |
| 5000 KRW | 142 x 68 | Red/Orange | Yi I (Yulgok) | ~4 years |
| 10000 KRW | 148 x 68 | Green | King Sejong the Great | ~5 years |
| 50000 KRW | 154 x 68 | Golden Yellow | Shin Saimdang | ~6 years |
Material
Cotton paper
Durability
The 1,000 won banknote wears out in ~3 years; the 50,000 won banknote lasts ~6 years
Coins KRW in circulation
| Value | Material | Weight | Diameter |
|---|---|---|---|
| 10 won | Copper-plated Aluminum | 1.22g | 18.0mm |
| 50 won | Cupronickel-Zinc | 4.16g | 21.6mm |
| 100 won | Cupronickel | 5.42g | 24.0mm |
| 500 won | Cupronickel | 7.7g | 26.5mm |
🔍 Banknotes KRW easily confused
1,000 KRW and 10,000 KRW
The blue (1,000) and green (10,000) can be confused in low light; the value difference is 10x
TIP
10,000 won is larger (148mm vs 136mm) and green; check the portrait: Yi Hwang (1,000) vs King Sejong (10,000)
5,000 KRW and 50,000 KRW
The red/orange (5,000) and golden-yellow (50,000) can be confusing; the value difference is 10x
TIP
50,000 won is the largest banknote (154mm) and golden-yellow, featuring Shin Saimdang
Monetary policy — Bank of Korea (BOK)
Headquarters
Seul, Coreea de Sud
Founded
1950
Inflation target
2% over the medium term
Decision frequency
The Monetary Policy Committee meets 8 times a year
Main tools
●
Base rate (reference interest rate)
●
Open market operations
●
Lending and deposit facilities
●
Foreign exchange interventions for won stability
Independence: The Bank of Korea is an independent central bank by law
The role of KRW in the global economy
World reserves
Small (~0.2% of global foreign exchange reserves)
Daily volume
~$130 billion/day
SWIFT share
~1% of SWIFT payments
World rank
~12th most traded currency in the world; among the most active emerging market currencies (BIS 2022)
Countries where KRW is the official currency
Republic of Korea (South Korea)
🛃 Cash transport limit KRW without declaration
No declaration
Under the equivalent of 10,000 USD
Declaration required
Over the equivalent of 10,000 USD when entering/leaving South Korea
EU threshold of 10.000 EUR ≈ 17.044.228 KRW at today's BNR rate.
Regulation: Korea Customs Service + Bank of Korea (Foreign Exchange Transactions Act) + EU Regulation 2018/1672 at the EU border
Penalties: Confiscation and fines
Penalties: Confiscation and fines
Advantages of KRW as a currency
✔
Currency of the 4th largest economy in Asia, global technology leader (Samsung, LG, Hyundai)
✔
One of the most active emerging market currencies in Asia
✔
Highly advanced digital payment and card system
✔
Independent central bank with a stable 2% inflation target
💡 Fun facts about KRW
1
King Sejong the Great, featured on the 10,000 won banknote, created the Korean alphabet Hangul in 1443 — one of the most scientific writing systems in the world
2
The 50,000 won banknote (2009) depicts Shin Saimdang — the first woman on a South Korean banknote; she is the mother of Yi I, featured on the 5,000 won banknote
3
South Korea practically no longer uses 1 and 5 won coins (demonetized for everyday use); the smallest commonly used coin is 10 won
4
The won has one of the highest face values among major currencies — a coffee can cost several thousand won
5
The central bank has even proposed a 'coinless society' era, rounding change on prepaid cards
6
The name 'won' derives from the character 圜/圓 (round), same as the Japanese yen and Chinese yuan
7
The 5,000 won and 50,000 won banknotes depict members of the same family (Yi I and his mother Shin Saimdang) — a rare case in numismatics
⛓ Crypto and currency exchange regulation — Coreea de Sud
Crypto status
LEGAL and very active — one of the largest retail crypto markets in the world
Regulatory authority
Financial Services Commission (FSC) + Financial Intelligence Unit (FIU)
Exchange/currency exchange license
Exchanges must register with the FIU, use real-name bank accounts, and comply with the Virtual Asset User Protection Act (in effect from 2024)
Crypto taxation
A tax on crypto gains has been legislated, but implementation has been repeatedly delayed
AML / KYC
Strict AML/KYC rules; verified real-name bank accounts mandatory for trading
South Korea has a massive retail crypto market (the 'kimchi premium' phenomenon); the Virtual Asset User Protection Act (2024) introduced investor protection and penalties for market manipulation
💰 How much does 1,000,000 KRW (~670 EUR)?
Banknotes
20
banknotes of 50.000 KRW
Weight
0.02 kg
About the weight of a few coins — the won has very high denominations
Volume
A stack of only ~2 mm — practically nothing
Fits easily in a wallet. But it's worth only ~670 EUR
Pentru echivalentul a 1.000.000 EUR in KRW (~1.500.000.000 KRW):
30000 banknotes,
30.0 kg — Teanc de ~3 metri — mai înalt decât o cameră!