Convert 531 Japanese Yen (JPY) to South Korean Won (KRW)
Exchange rates used for currency conversion updated on May 28th 2024 ( 05/28/2024 )
Below you will find the latest exchange rates for exchanging Japanese Yen (JPY) to South Korean Won (KRW) , a table containing most common conversions and a chart with the pair's evolution.
The Japanese Yen (JPY) to South Korean Won (KRW) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Japanese Yen and South Korean Won on 05/28/2024 is 1 JPY = 8.6607 KRW - AVERAGE intraday quotes were used for this currency conversion.
Under the monetary policy and issuance directives of the Bank of Japan the JPY, when measured by value, is the world's third largest reserve currency and fourth most traded currency in open currency markets. It is the official currency of Japan and has shown contrarian resilience against world markets initially in the 1980's and more recently in the 2008 world credit crisis as the Bank of Japan retains there command economic policies while refusing to engage in economic stimulus.
About South Korean Won (KRW)
The Republic of South Korea has as its official currency the South Korean won. Each won can be subdivided into 100 jeon. There are no jeon in current circulation, in this day it is strictly used as an accounting measurement.
The Central Bank of Korea issues the KRW in banknote denominations of 1000, 5000, 10,000, and 50,000 won and mints coins in denominations of and 10, 50, 100, and 500 won. In accounting a won is symbolized using the "₩ " sign.
