KRW to BGN Exchange Rate - Convert South Korean Won to Bulgarian Lev

Converting from South Korean Won (KRW) to Bulgarian Lev (BGN)

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea. It has been the country's primary unit of currency since 1902 when it replaced the Korean yen. The symbol for the won is ₩, and it is subdivided into 100 jeon, though the jeon is rarely used today due to its low value.

The KRW is a fiat currency, meaning its value is not backed by physical commodities like gold or silver but rather by the trust in the South Korean government. The Bank of Korea is responsible for issuing and managing the currency. The exchange rate of the won fluctuates based on various economic factors including interest rates, inflation, and the strength of South Korea's key industries such as technology and manufacturing.

When discussing currency conversion, the KRW can vary significantly against other currencies. This means that if you are traveling to Bulgaria or making investments, the exchange rate plays a crucial role in determining how much your won will be worth in lev.

What is Bulgarian Lev (BGN)

The Bulgarian Lev (BGN) is the official currency of Bulgaria, and it has undergone several changes since its introduction. The term "lev" translates to "lion" in Bulgarian, which is a symbol of strength. The current form of the lev was established in 1999, partly as a response to hyperinflation, which led to the introduction of a new lev (BGL) pegged to the euro.

The BGN is subdivided into 100 stotinki, although, like the jeon, coins of stotinki are not commonly used in everyday transactions. The Bulgarian National Bank (BNB) is responsible for the issuance and regulation of the currency, maintaining monetary stability in the country.

The lev has a fixed exchange rate with the euro, which helps stabilize its value. This peg can affect how the BGN performs against other currencies, including the KRW. Like other currencies, the lev's value against the won can fluctuate based on economic factors such as trade balances, political stability, and global market trends.

Converting KRW to BGN

To convert from South Korean Won (KRW) to Bulgarian Lev (BGN), you can use the formula:

Amount in BGN = Amount in KRW × (Exchange Rate/1)

Conversely, to find out how much KRW you would get for a certain amount of BGN, you can rearrange the formula to:

Amount in KRW = Amount in BGN × (1/Exchange Rate)

Exchange rates can usually be found on financial news websites or through currency converter apps. It's always best to check the current rates before making any conversions, as they can change frequently.

South Korean Won to Bulgarian Lev conversion table

KRW to BGN conversion table

South Korean Won (KRW)Bulgarian Lev (BGN)
1 KRW0.0012318652 BGN
2 KRW0.0024637304 BGN
3 KRW0.0036955956 BGN
4 KRW0.00492746079 BGN
5 KRW0.00615932599 BGN
6 KRW0.00739119119 BGN
7 KRW0.00862305639 BGN
8 KRW0.00985492159 BGN
9 KRW0.01108678679 BGN
10 KRW0.01231865199 BGN
100 KRW0.12318651985 BGN
200 KRW0.24637303971 BGN
300 KRW0.36955955956 BGN
400 KRW0.49274607941 BGN
500 KRW0.61593259927 BGN
600 KRW0.73911911912 BGN
700 KRW0.86230563897 BGN
800 KRW0.98549215882 BGN
900 KRW1.10867867868 BGN
1 000 KRW1.23186519853 BGN
2 000 KRW2.46373039706 BGN
5 000 KRW6.15932599265 BGN
10 000 KRW12.31865198531 BGN
20 000 KRW24.63730397062 BGN
50 000 KRW61.59325992654 BGN
100 000 KRW123.18651985308 BGN
Last updated April 1, 2025 at 11:55 PM