Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Hooked Protocol

Hooked Protocol to South Korean Won Converter and calculator

Convert 1Hooked Protocol (HOOK) to South Korean Won (KRW) equals ₩ 1,245.32 | Bitget

KRW information

About the South Korean Won (KRW)

What Is the South Korean Won (KRW)?

The South Korean Won (KRW) is the official currency of South Korea. It is symbolized by ₩ and is a decimalized currency, meaning it is divided into 100 subunits called jeon, although the jeon is no longer used in everyday transactions. The most commonly used denomination is 1 won. The international foreign exchange market designation for the South Korean Won is KRW. The South Korean Won is the sole legal tender in South Korea, and it is used for all transactions within the country.

The South Korean Won is issued by the Bank of Korea, which is the central bank of South Korea. The Bank of Korea is responsible for the design, production, and distribution of the nation's currency. Additionally, the actual minting of coins and printing of banknotes are carried out by the Korea Minting and Security Printing Corporation, a government-owned corporation that also handles the production of various government documents and securities.

What Is the History of KRW?

The won has been a part of Korea's monetary system for centuries, with the modern version dating back to 1902. During Japan's occupation from 1910 to 1945, the won was replaced by the Korean yen. After World War II, Korea was divided, leading to the creation of the South Korean won in 1949. Initially pegged to the US dollar, the won underwent several devaluations, especially during the Korean War. In 1962, the won was reintroduced after being replaced by the hwan between 1953 and 1962. The won was pegged to the US dollar until 1997 when it was allowed to float freely in the foreign exchange market.

Notes and Coins of KRW

Initially, coins ranged from ₩1 to ₩100, but inflation led to the withdrawal of the ₩1 and ₩5 coins in 1992. Currently, coins are minted in denominations of ₩10, ₩50, ₩100, and ₩500. The initial series of banknotes in 1962 included denominations up to ₩100, with a ₩500 note. Over time, higher denominations were introduced to keep pace with inflation, including ₩1000, ₩5000, ₩10,000, and later ₩50,000. To combat counterfeiting, modern banknotes feature up to 22 separate security features.

Why Does South Korean Won Have Many Zeroes?

The South Korean Won (KRW) features many zeros largely due to historical inflation, particularly during the Korean War in the 1950s, which devalued the currency and necessitated larger denominations. This trend was further reinforced by South Korea's rapid economic development and industrialization from the 1960s onwards. Cultural preferences for larger numerical values and the practicality of transactional efficiency also play a role. However, it's important to note that the number of zeros in the currency does not directly reflect its value, as currency worth is relative and influenced by various economic factors.

Do North and South Korea Use the Same Currency?

No, North and South Korea do not use the same currency. Although both countries use a currency called the "won," they are distinct and separate currencies issued by their respective governments.

South Korean Won (KRW): The currency used in South Korea is the South Korean Won, symbolized as ₩. It is issued by the Bank of Korea, the central bank of South Korea.

North Korean Won (KPW): North Korea uses the North Korean Won, also symbolized as ₩. It is issued by the Central Bank of the Democratic People's Republic of Korea, which is North Korea's central bank.

The two currencies are not interchangeable and have different values and characteristics in the international currency markets.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular Hooked Protocol currency pair is the HOOK to KRW, with for Hooked Protocol's currency code being HOOK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KRW.

HOOK to KRW conversion rate trend

1D7D1M3M1YAll
In the past 1D, Hooked Protocol has changed +0.15% to KRW. Based on the trend and price charts, Hooked Protocol(HOOK) has changed +0.15% to KRW while South Korean Won(KRW) has changed % to HOOK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₩1,259.17
0.0001% / 0.0004%vip-iconVIP
Binance
₩1,257.8
0.1000% / 0.1000%
Yes
Gate.io
₩1,258.07
0.1000% / 0.1000%
Yes
Bybit
₩1,259.73
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 05:00:31(UTC+0)

What factors influence the conversion rate of Hooked Protocol to South Korean Won?

Hooked Protocol to South Korean Won is falling this week.
Hooked Protocol's current market price is ₩ 1,245.32 per HOOK, with a total market cap of ₩ 173,416,292,246.83 KRW based on a circulating supply of 139,254,290 HOOK. The trading volume of Hooked Protocol has changed by +36.04% (₩ 4,109,180,713.16 KRW) in the last 24 hours. Last trading day, HOOK's trading volume was ₩ 11,400,393,719.82.
Market cap
$125.80M
24h volume
$11.25M
Circulating supply
139.25M HOOK

Conversion tables

The exchange rate of Hooked Protocol is decreasing.
1 HOOK is currently valued at ₩ 1,245.32 KRW , which means buying 5 HOOK will cost ₩ 6,226.6 KRW . Similarly, ₩1 KRW can be traded for 0.0008030 HOOK, and ₩50 KRW can be converted to 0.04015 HOOK, excluding any platform or gas fees.
The exchange rate of 1 HOOK to South Korean Won has changed by -28.99% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.15%, reaching a high of 1,291.83 KRW and a low of 1,186.55 KRW . One month ago, the value of 1 HOOK was ₩ 1,652.71 KRW , which represents a -24.57% change from its current value. Over the last year, Hooked Protocol has changed by
-
1,442.06KRW
, resulting in a change of -53.55% in its value.

HOOK to KRW

Amount
05:50 am today
0.5 HOOK
622.66
1 HOOK
1,245.32
5 HOOK
6,226.6
10 HOOK
12,453.21
50 HOOK
62,266.04
100 HOOK
124,532.09
500 HOOK
622,660.45
1000 HOOK
1,245,320.89

KRW to HOOK

Amount05:50 am today
0.5KRW0.0004015  HOOK
1KRW0.0008030  HOOK
5KRW0.004015  HOOK
10KRW0.008030  HOOK
50KRW0.04015  HOOK
100KRW0.08030  HOOK
500KRW0.4015  HOOK
1000KRW0.8030  HOOK
share

Today vs. 24 hours ago

Amount05:50 am today24 hours ago24h change
0.5 HOOK$0.4517$0.4510
+0.15%
1 HOOK$0.9034$0.9020
+0.15%
5 HOOK$4.52$4.51
+0.15%
10 HOOK$9.03$9.02
+0.15%
50 HOOK$45.17$45.1
+0.15%
100 HOOK$90.34$90.2
+0.15%
500 HOOK$451.68$451.01
+0.15%
1000 HOOK$903.35$902.03
+0.15%

Today vs. 1 month ago

Amount05:50 am today1 month ago1M change
0.5 HOOK$0.4517$0.5994
-24.57%
1 HOOK$0.9034$1.2
-24.57%
5 HOOK$4.52$5.99
-24.57%
10 HOOK$9.03$11.99
-24.57%
50 HOOK$45.17$59.94
-24.57%
100 HOOK$90.34$119.89
-24.57%
500 HOOK$451.68$599.44
-24.57%
1000 HOOK$903.35$1,198.87
-24.57%

Today vs. 1 year ago

Amount05:50 am today1 year ago1Y change
0.5 HOOK$0.4517$0.9747
-53.55%
1 HOOK$0.9034$1.95
-53.55%
5 HOOK$4.52$9.75
-53.55%
10 HOOK$9.03$19.49
-53.55%
50 HOOK$45.17$97.47
-53.55%
100 HOOK$90.34$194.94
-53.55%
500 HOOK$451.68$974.71
-53.55%
1000 HOOK$903.35$1,949.41
-53.55%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.