KRW to INR

Are you planning to travel from South Korea to India or send money to your family in India? If yes, you need a reliable and convenient way to convert your South Korean Won (KRW) to Indian rupees (INR). Here, we offer an efficient KRW to INR currency conversion tool for personal or business purposes that give you the most competitive exchange rates in the market. 

Convert KRW to INR at the Real Exchange Rate

Amount

KRW

Converted to

INR

1 KRW =

i

Currency exchange value is subjected to market fluctuation. Exchange rate as on Feb 29, 2024.

KRW to INR Exchange Rate

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given the extreme volatility in global currencies lately.

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1 KRW to INR Exchange Rate Last 7 days

Date

Price

  • 0.062022

  • 0.062282

  • 0.062217

  • 0.062217

  • 0.062278

  • 0.062653

  • 0.062973

South Korean Won to Indian Rupee Conversions

KRW

INR

KRW to INR Currency Conversion - An Overview

With Urban Money's powerful and user-friendly currency conversion tool, you have access to all the information you need regarding the KRW to INR exchange rate. Looking for a quick and accurate way to figure out how much one South Korean Won (KRW) is worth in terms of one Indian Rupee (INR)? You have come to the right place! Urban Money's online currency conversion tool provides real-time exchange rates and offers insightful historical data, enabling you to make informed decisions when dealing with international transactions.

Here, we will walk you through the steps to effectively utilise this tool, empowering you to navigate the world of currency conversion effortlessly. Let's embark on this journey to understand and harness the potential of KRW to INR currency conversion through Urban Money's reliable and efficient platform.

Important Facts About KRW - South Korean Won

Some important facts about KRW, the South Korean Won, are as follows:

Fact

Description

Name and symbol

The currency's name is derived from the Chinese yuan and the Japanese yen. The symbol for the won is ₩, which is a capital W with two horizontal lines. 

Subunit

The won is divided into 100 jeon.

Banknotes and coins

The banknotes come in denominations of 1,000, 5,000, 10,000, and 50,000 won, while the coins come in values of 1, 10, 50, 100, and 500 won.

Banknotes features

The banknotes feature famous Yi dynasty figures on the back of the bill. This includes the writer Yi Hwang on the 1,000-won note, writer Yi I on the 5,000-won note, and King Sejong on the 10,000-won note.

Security measures

The banknotes have 3D holograms that change colour and watermarks with portraits. The coins have latent images and security edges.

How Does Our KRW to INR Online Currency Converter Work?

To convert Korean Won (KRW) to Indian Rupees (INR) on the Urban Money Website, here's how you can do it easily:

  • Visit the Urban Money website and navigate to the currency conversion section.
  • Input the amount of KRW you wish to convert. Enter the amount. You should have a specific amount in mind or check the rates for random values generally. Just enter the amount.
  • You must select INR as the target currency in which you want to derive your Korean Won value.
  • Just click on the "Convert" button, and you'll quickly see the KRW to INR rate displayed below.

Benefits of KRW to INR Online Currency Converter Tools

Here are the key benefits of Urban Money’s online currency converter tool for converting South Korean Won (KRW) to Indian Rupee (INR):

No Room For Error

With the KRW to INR currency converter on Urban Money, you get what the big banks use - those mid-market rates. It's the real deal - the fairest rate you'll find out there. You can walk up to those service providers and confidently ask for a fair exchange rate when doing your money swaps. It's about getting a fair deal, especially for websites like Urban Money trying to provide genuine results. Every little bit counts.

Convenient and Flexible

Urban Money's currency converter is easy to use, no matter where or what device you're on. It's a real game-changer, letting you know the value of Korean Won (KRW) in Indian Rupees (INR) without any hassles. And you know what's cool? It's not just about converting money - it's like having a money expert in your pocket. You'll understand everything about KRW to INR rates and more. It helps us all make smarter money moves.

Quick and Handy

On the website Urban Money, it is easy to get the value of Korean Won (KRW) in Indian Rupees (INR). You must follow three simple steps; type in the amount of KRW you have, choose INR as your target currency, and hit 'enter'. You'll see the result in a jiffy.

List of Factors Affecting the Value of KRW to INR Conversion

Several factors influence the exchange rate between the South Korean Won (KRW) and the Indian Rupee (INR):

  • Interest Rates: Differences in interest rates between South Korea and India affect currency demand. Higher interest rates in either country can attract foreign capital, appreciating the respective currency.
  • Inflation: Variances in inflation rates impact the purchasing power of currencies. Higher inflation in a country can lead to the depreciation of its currency against anotherr.
  • Government Debt: Levels of government debt affect fiscal credibility. Higher debt can decrease investor confidence, depreciating the respective currency.
  • Current Account Deficit: Differences in current account balances reflect trade competitiveness. A deficit can reduce demand for the respective currency, leading to depreciation.
  • Political Stability: Political stability influences investor sentiment. Stability attracts investment, appreciating the currency, while instability can lead to depreciation.
  • Commodity Dependence: Dependency on oil, gold, or agricultural products can impact exchange rates. Exporting nations benefit from rising commodity prices, appreciating their currency.
  • Geo-Political Events: Events like wars, conflicts, sanctions, or natural disasters in the regions of South Korea and India can cause exchange rate volatility, depending on the situation.

1 KRW to INR in 2010 to 2022

Here is a table of the value of 1 KRW to INR from 2010 to 2022, based on the exchange rate as of January 1st of each year.

Year

1 KRW = INR

2010

0.04

2011

0.041

2012

0.051

2013

0.052

2014

0.056

2015

0.057

2016

0.051

2017

0.053

2018

0.059

2019

0.064

2020

0.062

2021

0.062

2022

0.062

How South Korean Won to Indian Rupee Rates are Determined?

The exchange rate between the South Korean won (KRW) and the Indian rupee (INR) is influenced by factors such as inflation, interest rates, trade balances, etc. This rate fluctuates based on changes in these factors. The exchange rate has varied over the years, reaching a high of 0.088 INR per KRW in January 2008 and a low of 0.041 INR per KRW in June 2016.

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Frequently Asked Questions (FAQs)

What is the value of 1 KRW to INR in 1947?

The exchange rate between the Korean yen and the Indian rupee in 1947 was about 0.75, meaning 1 KRW was equivalent to about 0.75 INR.

What is the highest-ever KRW to INR?

The highest-ever KRW to INR was recorded on January 6, 2022, when 1 KRW reached 0.064880 INR. This was due to the strong performance of the South Korean economy and the weakening of the Indian rupee amid the COVID-19 pandemic.

What does the KRW stand for?

The KRW stands for the South Korean won, which is the official currency of South Korea. The word won is derived from the Chinese word yuan, meaning “round”. 

When was 1 KRW equal to 1 INR?

The closest approximation would be around June 1998, when 1 KRW was worth about 0.99 INR. This was during the Asian financial crisis, when both currencies depreciated sharply against the US dollar.

Who decides the KRW to the INR exchange rate?

The KRW to INR exchange rate is decided by supply and demand market forces and other factors such as interest rates, inflation, trade balance, political stability, and intervention by central banks.

What is the subunit of KRW currency?

The subunit of KRW currency is the jeon, which is equal to 1/100 of a won. However, the jeon is no longer used for everyday transactions, and it appears only in foreign exchange rates

What is the smallest unit of KRW currency?

The smallest unit of KRW currency in use is 1 won, the lowest denomination of South Korean currency.

What types of banknotes are in KRW currency?

Four different Korean won bills were issued by the Bank of Korea and used in South Korea. They are 50,000 won, 10,000 won, 5,000 won, and 1,000 won. 

What types of bank coins are in KRW currency?

Four types of coins in KRW currency are currently in circulation. They are 10 won, 50 won, 100 won, and 500 won.

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