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base info Tether USDt

Tether USDt to South Korean Won Converter and calculator

Convert 1Tether USDt (USDT) to South Korean Won (KRW) equals ₩ 1,333.76 | 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 Tether USDt(USDT) to South Korean Won(KRW). This is the real-time data. The current conversion shows 1 USDT at a value of 1 USDT for 1,333.76 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 Tether USDt currency pair is the USDT to KRW, with for Tether USDt's currency code being USDT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KRW.

USDT to KRW conversion rate trend

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In the past 1D, Tether USDt has changed -0.07% to KRW. Based on the trend and price charts, Tether USDt(USDT) has changed -0.07% to KRW while South Korean Won(KRW) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₩1,333.76
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/02/29 07:59:09(UTC+0)

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

Tether USDt to South Korean Won is rising this week.
Tether USDt's current market price is ₩ 1,333.76 per USDT, with a total market cap of ₩ 131,653,592,231,982.81 KRW based on a circulating supply of 98,708,410,000 USDT. The trading volume of Tether USDt has changed by +114.49% (₩ 104,788,822,125,922.34 KRW) in the last 24 hours. Last trading day, USDT's trading volume was ₩ 91,526,695,477,873.88.
Market cap
$98.72B
24h volume
$147.20B
Circulating supply
98.71B USDT

Conversion tables

The exchange rate of Tether USDt is increasing.
1 USDT is currently valued at ₩ 1,333.76 KRW , which means buying 5 USDT will cost ₩ 6,668.81 KRW . Similarly, ₩1 KRW can be traded for 0.0007498 USDT, and ₩50 KRW can be converted to 0.03749 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to South Korean Won has changed by +0.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.07%, reaching a high of 1,335.74 KRW and a low of 1,332.27 KRW . One month ago, the value of 1 USDT was ₩ 1,333.66 KRW , which represents a +0.01% change from its current value. Over the last year, Tether USDt has changed by
-
0.4315KRW
, resulting in a change of -0.03% in its value.

USDT to KRW

Amount
07:59 am today
0.5 USDT
666.88
1 USDT
1,333.76
5 USDT
6,668.81
10 USDT
13,337.63
50 USDT
66,688.14
100 USDT
133,376.28
500 USDT
666,881.38
1000 USDT
1,333,762.76

KRW to USDT

Amount07:59 am today
0.5KRW0.0003749  USDT
1KRW0.0007498  USDT
5KRW0.003749  USDT
10KRW0.007498  USDT
50KRW0.03749  USDT
100KRW0.07498  USDT
500KRW0.3749  USDT
1000KRW0.7498  USDT
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Today vs. 24 hours ago

Amount07:59 am today24 hours ago24h change
0.5 USDT$0.5000$0.5004
-0.07%
1 USDT$1$1
-0.07%
5 USDT$5$5
-0.07%
10 USDT$10$10.01
-0.07%
50 USDT$50$50.04
-0.07%
100 USDT$100.01$100.08
-0.07%
500 USDT$500.05$500.41
-0.07%
1000 USDT$1,000.09$1,000.82
-0.07%

Today vs. 1 month ago

Amount07:59 am today1 month ago1M change
0.5 USDT$0.5000$0.5000
+0.01%
1 USDT$1$1
+0.01%
5 USDT$5$5
+0.01%
10 USDT$10$10
+0.01%
50 USDT$50$50
+0.01%
100 USDT$100.01$100
+0.01%
500 USDT$500.05$500.01
+0.01%
1000 USDT$1,000.09$1,000.01
+0.01%

Today vs. 1 year ago

Amount07:59 am today1 year ago1Y change
0.5 USDT$0.5000$0.5002
-0.03%
1 USDT$1$1
-0.03%
5 USDT$5$5
-0.03%
10 USDT$10$10
-0.03%
50 USDT$50$50.02
-0.03%
100 USDT$100.01$100.04
-0.03%
500 USDT$500.05$500.21
-0.03%
1000 USDT$1,000.09$1,000.41
-0.03%

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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.