KRW to KZT Exchange Rate - Convert South Korean Won to Kazakhstan Tenge

Converting from South Korean Won (KRW) to Kazakhstan Tenge (KZT)

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea. It is denoted by the symbol "₩" and has been in use since the end of Korean War in 1945, replacing the Korean yen. The won is divided into 100 jeon, although jeon coins are rarely used today due to their low value. The currency is issued by the Bank of Korea, which plays a crucial role in the country’s monetary policy.

The KRW is recognized globally and is often traded on various foreign exchange platforms. Its value is determined by multiple factors, including economic indicators, interest rates, and market sentiment. When it comes to international transactions, businesses and travelers must consider the current exchange rates between KRW and other currencies.

As a result, it's common for individuals or businesses seeking to convert KRW to another currency, such as Kazakhstan Tenge (KZT), to consult live currency converters. This process helps them understand how much they will receive in exchange rates that fluctuate frequently.

What is Kazakhstan Tenge (KZT)

The Kazakhstan Tenge (KZT) is the official currency of Kazakhstan, represented by the symbol "₸." Introduced in 1993 to replace the Russian ruble, the tenge was established to promote national sovereignty and economic independence. The tenge is divided into 100 tiyn; however, tiyn coins are not commonly used in financial transactions today.

The National Bank of Kazakhstan is responsible for issuing the tenge and regulating its value, much like other central banks around the world. The KZT's value is influenced by various domestic and international factors, including oil prices, inflation rates, and economic policies. Kazakhstan, being rich in natural resources, often sees its currency's strength closely tied to the global demand for oil and gas.

When converting KRW to KZT, exchange rates fluctuate due to market dynamics. For example, if the current exchange rate is $1 KRW = r KZT$, this means that for every South Korean Won you exchange, you will receive $r$ tenge. This straightforward formula allows for easy calculations, but one should always check for the most current rates, as they can change rapidly.

In conclusion, whether you are working, traveling, or doing business in South Korea or Kazakhstan, understanding the essential characteristics of KRW and KZT enables smoother financial transactions. Always consider the latest currency exchange rates when converting money, as this knowledge will help you make informed decisions and optimize your financial resources.

South Korean Won to Kazakhstan Tenge conversion table

KRW to KZT conversion table

South Korean Won (KRW)Kazakhstan Tenge (KZT)
1 KRW0.36405300581 KZT
2 KRW0.72810601162 KZT
3 KRW1.09215901744 KZT
4 KRW1.45621202325 KZT
5 KRW1.82026502906 KZT
6 KRW2.18431803487 KZT
7 KRW2.54837104068 KZT
8 KRW2.9124240465 KZT
9 KRW3.27647705231 KZT
10 KRW3.64053005812 KZT
100 KRW36.4053005812 KZT
200 KRW72.8106011624 KZT
300 KRW109.21590174361 KZT
400 KRW145.62120232481 KZT
500 KRW182.02650290601 KZT
600 KRW218.43180348721 KZT
700 KRW254.83710406841 KZT
800 KRW291.24240464961 KZT
900 KRW327.64770523082 KZT
1 000 KRW364.05300581202 KZT
2 000 KRW728.10601162403 KZT
5 000 KRW1 820.26502906008 KZT
10 000 KRW3 640.53005812017 KZT
20 000 KRW7 281.06011624034 KZT
50 000 KRW18 202.65029060084 KZT
100 000 KRW36 405.30058120168 KZT
Last updated January 22, 2025 at 04:55 PM