10. A handbag costs 26 700 Korea Won KRW
Without using a calculator, estimate the price
The conversion rate is S$1 = KRW 876331
ADVANCED LEVEL
Answers
Answer:
The South Korean won (/wʌn/; Korean: 원, Korean pronunciation: [wʌn]; symbol: ₩; code: KRW) or Korean Republic won (Korean: 대한민국 원) is the official currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and appears only in foreign exchange rates. The won is issued by the Bank of Korea, based in the capital city of Seoul.
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Etymology
Main article: Etymology of the Korean currencies
See also: Korean won
The old "won" was a cognate of the Chinese yuan and Japanese yen. It is derived from the hanja 圓 (원, won), meaning "round". The won was subdivided into 100 jeon (Korean: 전; Hanja: 錢; RR: jeon; MR: chŏn), itself a cognate of the Chinese unit of weight mace and synonymous with money in general. The current won (1962 to present) is written in hangul only and does not officially have any hanja associated with it.
First South Korean won
Main article: South Korean won (1945–53)
History
Prior to 1910, the won was the currency.
During the colonial era under the Japanese (1910–45), the won was replaced by the Korean yen which was at par with the Japanese Yen.
After World War II ended in 1945, Korea was divided, resulting in two separate currencies, both called won, for the South and the North. Both the Southern won and the Northern won replaced the yen at par. 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
Answer:
S $30
Step-by-step explanation:
KRW 900= S $1
Price of handbag= KRW 26700 ~ KRW 27000
= 30 X KRW 900 ~ 30 X S $ 1
= S $30
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