KRW to AZN Exchange Rate - Convert South Korean Won to Azerbaijani Manat

Converting from South Korean Won (KRW) to Azerbaijani Manat (AZN)

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea. It is abbreviated as "₩" and has been in use since 1953, replacing the Korean yen. The currency is governed by the Bank of Korea, which also regulates the supply and stability of the won.

The won is available in both coins and banknotes, with coins in denominations of 1, 5, 10, 50, 100, and 500 won. The paper bills are issued in denominations of 1,000, 5,000, 10,000, and 50,000 won. The value of the South Korean won can be influenced by various factors, including economic growth, inflation, and global market trends.

As a currency, the won is primarily used in South Korea and has limited international usage. However, it is important for trade and tourism within the region. When converting KRW to other currencies, including the Azerbaijani Manat, various exchanges rates are considered, which fluctuate based on the currency market's performance.

What is Azerbaijani Manat (AZN)

The Azerbaijani Manat (AZN) is the official currency of Azerbaijan. Introduced in 1992 after the country became independent from the Soviet Union, the manat is abbreviated as "₼". The Central Bank of the Republic of Azerbaijan is responsible for issuing and regulating the manat, ensuring its stability and support for the nation's economy.

The manat is available in both coins and banknotes. The coins are available in denominations of 1, 3, 5, 10, 20, 50, and 100 gapiks (1 manat = 100 gapiks). The banknotes come in larger denominations, including 1, 5, 10, 20, 50, 100, and 200 manat. Since the manat's introduction, it has undergone various changes, including a revaluation in 2006 and 2015, which aimed to enhance the currency's stability.

Currency conversion from KRW to AZN involves understanding the current exchange rates. The exchange rate is the price of one currency in terms of another, and it can be calculated using the formula:

Exchange Rate = (Amount in KRW/Amount in AZN)

As of recent data, the exchange rate fluctuates based on economic conditions both in South Korea and Azerbaijan. Factors such as inflation rates, interest rates, and political stability can significantly impact these rates.

In conclusion, understanding both the South Korean Won and the Azerbaijani Manat is essential for effective currency conversion. Whether for travel, investment, or trade, being aware of these currencies and their behavior in the market helps individuals make informed financial decisions.

South Korean Won to Azerbaijani Manat conversion table

KRW to AZN conversion table

South Korean Won (KRW)Azerbaijani Manat (AZN)
1 KRW0.00115541884 AZN
2 KRW0.00231083769 AZN
3 KRW0.00346625653 AZN
4 KRW0.00462167537 AZN
5 KRW0.00577709421 AZN
6 KRW0.00693251306 AZN
7 KRW0.0080879319 AZN
8 KRW0.00924335074 AZN
9 KRW0.01039876959 AZN
10 KRW0.01155418843 AZN
100 KRW0.11554188428 AZN
200 KRW0.23108376856 AZN
300 KRW0.34662565284 AZN
400 KRW0.46216753712 AZN
500 KRW0.5777094214 AZN
600 KRW0.69325130568 AZN
700 KRW0.80879318996 AZN
800 KRW0.92433507423 AZN
900 KRW1.03987695851 AZN
1 000 KRW1.15541884279 AZN
2 000 KRW2.31083768559 AZN
5 000 KRW5.77709421397 AZN
10 000 KRW11.55418842793 AZN
20 000 KRW23.10837685586 AZN
50 000 KRW57.77094213966 AZN
100 000 KRW115.54188427932 AZN
Last updated April 1, 2025 at 11:55 PM