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Monero to South Korean Won Converter and calculator

Convert 1Monero (XMR) to South Korean Won (KRW) equals ₩ 164,918.06 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Monero(XMR) to South Korean Won(KRW). This is the real-time data. The current conversion shows 1 XMR at a value of 1 XMR for 164,918.06 KRW . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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.

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

XMR to KRW conversion rate trend

1D7D1M3M1YAll
In the past 1D, Monero has changed +0.01% to KRW. Based on the trend and price charts, Monero(XMR) has changed +0.01% to KRW while South Korean Won(KRW) has changed % to XMR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₩164,918.06
0.0001% / 0.0004%vip-iconVIP
Binance
₩157,991.4
0.1000% / 0.1000%
Yes
Kraken
₩164,313.72
0.1000% / 0.1000%
Yes
OKX
₩211,631.27
0.080% / 0.100%
Yes
Huobi
₩164,633.16
0.1000% / 0.1000%
Yes
Gate.io
₩164,792.88
0.1000% / 0.1000%
Yes
KuCoin
₩164,460.13
0.1000% / 0.1000%
Yes
Bitfinex
₩164,526.68
0.1000% / 0.1000%
Yes
Last updated 2024/02/23 23:00:33(UTC+0)

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

Monero to South Korean Won is rising this week.
Monero's current market price is ₩ 164,918.06 per XMR, with a total market cap of ₩ 3,034,769,973,231.06 KRW based on a circulating supply of 18,401,682 XMR. The trading volume of Monero has changed by -7.97% (₩ -10,855,883,169.14 KRW) in the last 24 hours. Last trading day, XMR's trading volume was ₩ 136,253,773,742.19.
Market cap
$2.28B
24h volume
$94.21M
Circulating supply
18.40M XMR

Conversion tables

The exchange rate of Monero is decreasing.
1 XMR is currently valued at ₩ 164,918.06 KRW , which means buying 5 XMR will cost ₩ 824,590.31 KRW . Similarly, ₩1 KRW can be traded for 0.{5}6064 XMR, and ₩50 KRW can be converted to 0.0003032 XMR, excluding any platform or gas fees.
The exchange rate of 1 XMR to South Korean Won has changed by +0.62% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 165,828.06 KRW and a low of 160,919.5 KRW . One month ago, the value of 1 XMR was ₩ 203,063.26 KRW , which represents a -18.78% change from its current value. Over the last year, Monero has changed by
-
37,010.14KRW
, resulting in a change of -18.32% in its value.

XMR to KRW

Amount
23:51 today
0.5 XMR
82,459.03
1 XMR
164,918.06
5 XMR
824,590.31
10 XMR
1,649,180.62
50 XMR
8,245,903.12
100 XMR
16,491,806.24
500 XMR
82,459,031.19
1000 XMR
164,918,062.38

KRW to XMR

Amount23:51 today
0.5KRW0.{5}3032  XMR
1KRW0.{5}6064  XMR
5KRW0.{4}3032  XMR
10KRW0.{4}6064  XMR
50KRW0.0003032  XMR
100KRW0.0006064  XMR
500KRW0.003032  XMR
1000KRW0.006064  XMR
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Today vs. 24 hours ago

Amount23:51 today24 hours ago24h change
0.5 XMR$61.95$61.95
+0.01%
1 XMR$123.9$123.89
+0.01%
5 XMR$619.52$619.46
+0.01%
10 XMR$1,239.04$1,238.93
+0.01%
50 XMR$6,195.2$6,194.64
+0.01%
100 XMR$12,390.41$12,389.29
+0.01%
500 XMR$61,952.03$61,946.44
+0.01%
1000 XMR$123,904.05$123,892.88
+0.01%

Today vs. 1 month ago

Amount23:51 today1 month ago1M change
0.5 XMR$61.95$76.28
-18.78%
1 XMR$123.9$152.56
-18.78%
5 XMR$619.52$762.81
-18.78%
10 XMR$1,239.04$1,525.63
-18.78%
50 XMR$6,195.2$7,628.14
-18.78%
100 XMR$12,390.41$15,256.28
-18.78%
500 XMR$61,952.03$76,281.4
-18.78%
1000 XMR$123,904.05$152,562.79
-18.78%

Today vs. 1 year ago

Amount23:51 today1 year ago1Y change
0.5 XMR$61.95$75.86
-18.32%
1 XMR$123.9$151.71
-18.32%
5 XMR$619.52$758.55
-18.32%
10 XMR$1,239.04$1,517.1
-18.32%
50 XMR$6,195.2$7,585.5
-18.32%
100 XMR$12,390.41$15,171
-18.32%
500 XMR$61,952.03$75,855.01
-18.32%
1000 XMR$123,904.05$151,710.02
-18.32%

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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.