Investor Glossary-krwInvestor Glossary-krwInvestor Glossary-krwInvestor Glossary-krwInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

KRW

The HTML to link to this page
 

KRW is the three-character currency abbreviation for the South Korean Won based on the ISO-4217 standard codes. KRW is the official currency of the Republic of Korea. The common usage symbol for the KRW is W or W. The Bank of Korea is the government institution that issues the KRW. The KRW does not divide into smaller units, therefore the smallest unit of the KRW is 1 won. The KRW is considered a major currency in Asia and is actively traded in the international currency markets. The value of the KRW "floats" against other currencies. That is, market forces determine the value of the KRW. Therefore, the KRW is easily convertible into other currencies. The approximate conversion value (in late 2005) for the KRW in US dollars is KRW 1,000+ to USD 1.



Rate this KRW definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: LIBOR, 1035 exchange, margin rate, liquidity ratio, cancelled check, debt service coverage, open position, 401a, Zero Cost Collar, risk management, wholly-owned subsidiary, phantom income, FTSE, current ratio, 1031 exchange, reverse mortgage, diluted share, real GDP, class C shares, annual return, command economy, ex-dividend, VIX, option premium, FICO score, implied volatility, retained earnings, dividends payable, irrevocable trust, covered put, balance sheet, quality assurance, 144a, deferred revenue, deferred tax, inflation, labor relations, required rate of return, Key Rate Duration, ex-dividend date, stock market close, limit order, per diem, stock split, EBITDA, in escrow, APR, average price per share, minority interest


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use