KRW to MNT Exchange Rate - Convert South Korean Won to Mongolian Tugrik

Converting from South Korean Won (KRW) to Mongolian Tugrik (MNT)

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea. It was first introduced in 1902, serving as a way to stabilize the economy during a turbulent period. The currency symbol for the won is ₩, and it is divided into 100 jeon. The Bank of Korea is responsible for issuing and managing the currency.

The won has undergone several changes since its inception, particularly during significant historical events, such as the Korean War and the subsequent economic developments. It is characterized by its stability and strength, particularly in the Asian market. The exchange rate of the won fluctuates based on various factors, including economic indicators, political scenarios, and market sentiments.

The KRW is freely traded on international currency markets, allowing for the easy conversion between it and other currencies. This feature is especially helpful for tourists and businesses that engage in trade with South Korea. As of October 2023, the exchange rate can vary, so checking current values is essential for accurate conversions.

What is Mongolian Tugrik (MNT)

The Mongolian Tugrik (MNT) is the official currency of Mongolia. Introduced in 1925, the tugrik has been a vital part of Mongolia's economic identity as the nation transitioned through various political systems. The currency symbol for the tugrik is ₮, and it is subdivided into 100 möngö.

The tugrik, like many currencies, has experienced periods of instability and revaluation. This currency is crucial for everyday transactions within Mongolia and has become the backbone of the country’s economic activities. The Central Bank of Mongolia is responsible for issuing and regulating the currency, ensuring its stability and the overall health of the economy.

MNT is not as widely traded on international markets as KRW, which can affect its exchange value against other currencies. If you're planning to travel to Mongolia or engage with Mongolian businesses, understanding the tugrik's current conversion rate is vital. As a developing economy, fluctuations in the exchange rate are common, influenced by commodity prices, foreign investment, and other economic factors.

Converting KRW to MNT

When converting from South Korean Won (KRW) to Mongolian Tugrik (MNT), it's essential to use updated exchange rates. The conversion can be expressed mathematically as:

Amount in MNT = Amount in KRW × Exchange Rate (KRW to MNT)

It is always advisable to check financial news sources or currency converters for the latest rates to make informed decisions. Whether you are a traveler, investor, or someone doing business between these two nations, staying updated on these conversions can save money and ensure accurate transactions.

South Korean Won to Mongolian Tugrik conversion table

KRW to MNT conversion table

South Korean Won (KRW)Mongolian Tugrik (MNT)
1 KRW2.37302337139 MNT
2 KRW4.74604674278 MNT
3 KRW7.11907011417 MNT
4 KRW9.49209348556 MNT
5 KRW11.86511685695 MNT
6 KRW14.23814022833 MNT
7 KRW16.61116359972 MNT
8 KRW18.98418697111 MNT
9 KRW21.3572103425 MNT
10 KRW23.73023371389 MNT
100 KRW237.30233713891 MNT
200 KRW474.60467427783 MNT
300 KRW711.90701141674 MNT
400 KRW949.20934855566 MNT
500 KRW1 186.51168569457 MNT
600 KRW1 423.81402283349 MNT
700 KRW1 661.1163599724 MNT
800 KRW1 898.41869711132 MNT
900 KRW2 135.72103425023 MNT
1 000 KRW2 373.02337138914 MNT
2 000 KRW4 746.04674277829 MNT
5 000 KRW11 865.11685694572 MNT
10 000 KRW23 730.23371389145 MNT
20 000 KRW47 460.4674277829 MNT
50 000 KRW118 651.16856945724 MNT
100 000 KRW237 302.33713891448 MNT
Last updated April 1, 2025 at 11:55 PM