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The purpose of this template is to automatically convert and format Korean won applying adjustment for inflation where appropriate. Rates of exchange and inflation must be manually copied by editors in the supporting templates therefore this template's output does not necessarily reflect the present exchange rates or price indices but, rather, reflects the rates and indices at the time of the ...
Due to the devaluation of the first South Korean won (from 15 won to the U.S. dollar in 1945 to 6000 won to the dollar in 1953), the hwan was introduced in 1953 at the rate of 1 hwan = 100 won. The hwan was nominally subdivided into 100 jeon but the lowest denomination issued was 1 hwan.
In October of the same year the anchor currency was changed to the US dollar at a rate of 15 won = 1 dollar. Toward the end of the Korean War the won was devalued at 6000 won = 1 dollar . [ 1 ] Following that the hwan was introduced as the new currency at a rate of 1 hwan = 100 won .
Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
In 2006, it became a major concern that the South Korean won banknotes were being counterfeited. This led the government to issue a new series of banknotes, with the 5,000 won note being the first one to be redesigned. Later in 2007, the 1,000 and 10,000 won notes were introduced. On June 23, 2009, the Bank of Korea released the 50,000 won note.
It's used by {{Inflation/KRW}} for calculating the inflation rate between two given years, which in turn is used by {} to calculate inflated values. It usually isn't meant to be called directly. It usually isn't meant to be called directly.
This sub-template either contains a country/region inflation table or calls one located in another sub-template. Its output is used by the {{ Inflation }} template and possibly others. It is not meant to be called directly, but if you do, it will produce one or more lines containing each a number preceded by an asterisk (the multiply character ...