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 KRW0.00116519555 AZN
2 KRW0.00233039109 AZN
3 KRW0.00349558664 AZN
4 KRW0.00466078219 AZN
5 KRW0.00582597773 AZN
6 KRW0.00699117328 AZN
7 KRW0.00815636883 AZN
8 KRW0.00932156437 AZN
9 KRW0.01048675992 AZN
10 KRW0.01165195547 AZN
100 KRW0.11651955466 AZN
200 KRW0.23303910931 AZN
300 KRW0.34955866397 AZN
400 KRW0.46607821862 AZN
500 KRW0.58259777328 AZN
600 KRW0.69911732793 AZN
700 KRW0.81563688259 AZN
800 KRW0.93215643724 AZN
900 KRW1.0486759919 AZN
1 000 KRW1.16519554655 AZN
2 000 KRW2.3303910931 AZN
5 000 KRW5.82597773275 AZN
10 000 KRW11.65195546551 AZN
20 000 KRW23.30391093102 AZN
50 000 KRW58.25977732754 AZN
100 000 KRW116.51955465508 AZN
Last updated April 3, 2025 at 11:55 PM