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The first South Korean won was subdivided into 100 jeon. The South Korean won initially had a fixed exchange rate to the U.S. dollar at a rate of 15 won to 1 dollar. A series of devaluations followed, the later ones, in part, due to the Korean War (1950–53). The pegs were:
Display a table link to exchange rates between a currency to one of the top 9 most traded currencies in the world, and, optionally, three other currencies. Template parameters [Edit template data] This template prefers inline formatting of parameters. Parameter Description Type Status Currency code 1 The currency code to be used in this template. String required Additional currency 2 ...
Won was introduced in 1902 as the official currency unit replacing yang at 1 won = 5 yang. The Bank of Korea was established in 1909 but soon after in 1910 Imperial Japan annexed the Korean Empire. Under Colonial rule, the country was made to use the currency unit "yen" in place of the Korean Won, which took over the Korean won at par.
North Korean won, the present currency of North Korea; It can also refer to these historical currencies: Korean Empire won, 1900–1910 currency in the Korean Empire; Won of the Red Army Command, 1945–1947 currency in northern Korea under the Soviet Civil Administration; South Korean won (1945–1953) South Korean hwan, 1953–1962 currency
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. [3] The pound ( sign: £ ) is the main unit of sterling, [ 4 ] [ c ] and the word pound is also used to refer to the British currency generally, [ 7 ] often qualified in international contexts as the British pound or the pound sterling .
Finally, calculate the expiry date using an "inverse spot" operation; e.g., find the expiry date for which the delivery date would be its spot. When finding the expiry date from the delivery date, there must be one clear business day and one weekday (not including 1 January) in any applicable non-USD/non-CAD, non-USD/non-TRY, non-USD/non-PHP ...
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).