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 KRW2.38038670107 MNT
2 KRW4.76077340214 MNT
3 KRW7.14116010321 MNT
4 KRW9.52154680429 MNT
5 KRW11.90193350536 MNT
6 KRW14.28232020643 MNT
7 KRW16.6627069075 MNT
8 KRW19.04309360857 MNT
9 KRW21.42348030964 MNT
10 KRW23.80386701071 MNT
100 KRW238.03867010714 MNT
200 KRW476.07734021428 MNT
300 KRW714.11601032142 MNT
400 KRW952.15468042855 MNT
500 KRW1 190.19335053569 MNT
600 KRW1 428.23202064283 MNT
700 KRW1 666.27069074997 MNT
800 KRW1 904.30936085711 MNT
900 KRW2 142.34803096425 MNT
1 000 KRW2 380.38670107139 MNT
2 000 KRW4 760.77340214277 MNT
5 000 KRW11 901.93350535693 MNT
10 000 KRW23 803.86701071387 MNT
20 000 KRW47 607.73402142774 MNT
50 000 KRW119 019.33505356934 MNT
100 000 KRW238 038.67010713868 MNT
Last updated April 3, 2025 at 09:55 AM