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


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
©2004-2015 Investor Glossary - All rights reserved - Terms of Use