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The South Korean Won (KRW) is the official currency of South Korea, introduced in 1945 to replace the Korean yen. It is a fiat currency, meaning its value is not backed by physical commodities but rather by the government that issues it. The Won is used for all transactions within South Korea and is subdivided into 100 jeon, though the use of jeon is largely obsolete in everyday transactions.
The Canadian Dollar (CAD) is the official currency of Canada, represented by the symbol '$' and the code 'CAD'. It is subdivided into 100 cents and is one of the most traded currencies in the world, often regarded as a commodity currency due to Canada's rich natural resources.