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base info Pangolin

Pangolin to South Korean Won Converter and calculator

Convert 1Pangolin (PNG) to South Korean Won (KRW) equals ₩ 526.65 | 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.

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

PNG to KRW conversion rate trend

1D7D1M3M1YAll
In the past 1D, Pangolin has changed -12.26% to KRW. Based on the trend and price charts, Pangolin(PNG) has changed -12.26% to KRW while South Korean Won(KRW) has changed % to PNG in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₩526.65
0.0001% / 0.0004%vip-iconVIP
Gate.io
₩527.25
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 19:00:18(UTC+0)

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

Pangolin to South Korean Won is falling this week.
Pangolin's current market price is ₩ 526.65 per PNG, with a total market cap of ₩ 113,396,766,093.89 KRW based on a circulating supply of 215,315,740 PNG. The trading volume of Pangolin has changed by +65.83% (₩ 2,415,560,278.81 KRW) in the last 24 hours. Last trading day, PNG's trading volume was ₩ 3,669,653,277.4.
Market cap
$81.45M
24h volume
$4.37M
Circulating supply
215.32M PNG

Conversion tables

The exchange rate of Pangolin is decreasing.
1 PNG is currently valued at ₩ 526.65 KRW , which means buying 5 PNG will cost ₩ 2,633.27 KRW . Similarly, ₩1 KRW can be traded for 0.001899 PNG, and ₩50 KRW can be converted to 0.09494 PNG, excluding any platform or gas fees.
The exchange rate of 1 PNG to South Korean Won has changed by -24.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by -12.26%, reaching a high of 611.71 KRW and a low of 511.06 KRW . One month ago, the value of 1 PNG was ₩ 555.56 KRW , which represents a -5.20% change from its current value. Over the last year, Pangolin has changed by
+
461.28KRW
, resulting in a change of +707.58% in its value.

PNG to KRW

Amount
19:30 today
0.5 PNG
263.33
1 PNG
526.65
5 PNG
2,633.27
10 PNG
5,266.53
50 PNG
26,332.67
100 PNG
52,665.34
500 PNG
263,326.69
1000 PNG
526,653.38

KRW to PNG

Amount19:30 today
0.5KRW0.0009494  PNG
1KRW0.001899  PNG
5KRW0.009494  PNG
10KRW0.01899  PNG
50KRW0.09494  PNG
100KRW0.1899  PNG
500KRW0.9494  PNG
1000KRW1.9  PNG
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Today vs. 24 hours ago

Amount19:30 today24 hours ago24h change
0.5 PNG$0.1891$0.2156
-12.26%
1 PNG$0.3783$0.4311
-12.26%
5 PNG$1.89$2.16
-12.26%
10 PNG$3.78$4.31
-12.26%
50 PNG$18.91$21.56
-12.26%
100 PNG$37.83$43.11
-12.26%
500 PNG$189.14$215.56
-12.26%
1000 PNG$378.27$431.12
-12.26%

Today vs. 1 month ago

Amount19:30 today1 month ago1M change
0.5 PNG$0.1891$0.1995
-5.20%
1 PNG$0.3783$0.3990
-5.20%
5 PNG$1.89$2
-5.20%
10 PNG$3.78$3.99
-5.20%
50 PNG$18.91$19.95
-5.20%
100 PNG$37.83$39.9
-5.20%
500 PNG$189.14$199.52
-5.20%
1000 PNG$378.27$399.03
-5.20%

Today vs. 1 year ago

Amount19:30 today1 year ago1Y change
0.5 PNG$0.1891$0.02348
+707.58%
1 PNG$0.3783$0.04696
+707.58%
5 PNG$1.89$0.2348
+707.58%
10 PNG$3.78$0.4696
+707.58%
50 PNG$18.91$2.35
+707.58%
100 PNG$37.83$4.7
+707.58%
500 PNG$189.14$23.48
+707.58%
1000 PNG$378.27$46.96
+707.58%

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.