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KRW-South Korean Won. The won was first used as Korea's currency between 1902 and 1910. In 1945 Korea became divided, resulting in separate currencies, both called won, for the South and the North.1  KRW RSS Feed. 2  Bank of Korea.3  KRW Exchange Rates.RW-South Korean Won. The won was first used as Korea's currency between 1902 and 1910. In 1945 Korea became divided, resulting in separate currencies, both called won, for the South and the North.
The US dollar is the second largest currency in circulation having been surpassed by the euro. The USD is a floating fiat currency. The official currency of the Philippines is the Philippine peso. The peso is subdivided into 100 centavos and comes in denominations of 10, 20, 50, 200, 500, 1,000 and 2,000 pesos. The US Dollar is readily accepted throughout the country for currency exchange as well as payment in many cases.