KRW to PHP Exchange Rate - Convert South Korean Won to Philippine Peso

Converting from South Korean Won (KRW) to Philippine Peso (PHP)

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea, symbolized by ₩. It was first introduced in 1902 and has undergone several changes over the years, including periods of high inflation and revaluation. The currency is issued by the Bank of Korea, which is responsible for managing the monetary policy of the country.

The currency comes in both coins and banknotes, with coins typically available in denominations of 1, 5, 10, 50, 100, and 500 won. The banknotes are issued in 1,000; 5,000; 10,000; 50,000 won denominations. The South Korean economy, known for its rapid growth and modernization, is one of the largest in Asia, driven by technology, manufacturing, and exports. The exchange rate can be volatile, affected by various factors such as economic performance, political events, and global market conditions.

What is Philippine Peso (PHP)

The Philippine Peso (PHP) is the official currency of the Philippines, represented by the symbol ₱. The peso has a rich history that dates back to the Spanish colonial era. Today, the current iteration of the peso was established with a new series of banknotes and coins introduced in the 1990s. The Bangko Sentral ng Pilipinas (BSP) is the central bank responsible for regulating the currency and maintaining its stability.

The peso is available in both coins and banknotes as well. Coins typically come in denominations of 1, 5, 10, and 25 centavos, as well as 1, 5, and 10 pesos. The banknotes are available in 20, 50, 100, 200, 500, and 1,000 peso denominations. The Philippine economy has shown resilience and growth in recent years, boosted by remittances from overseas workers, a burgeoning service sector, and increasing foreign investments.

Converting KRW to PHP

When you want to convert South Korean Won (KRW) to Philippine Peso (PHP), you will need to refer to the current exchange rate. This is determined by the foreign exchange market, and rates can fluctuate throughout the day based on supply and demand.

To perform the conversion, you can use the formula:

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

For example, if the exchange rate is 0.042 PHP for 1 KRW, and you want to convert 10,000 KRW to PHP, you would calculate:

Amount in PHP = 10,000 × 0.042 = 420 PHP

It's always advisable to check online currency converters or financial websites for the latest rates before making any conversions.

South Korean Won to Philippine Peso conversion table

KRW to PHP conversion table

South Korean Won (KRW)Philippine Peso (PHP)
1 KRW0.04079752112 PHP
2 KRW0.08159504224 PHP
3 KRW0.12239256336 PHP
4 KRW0.16319008448 PHP
5 KRW0.2039876056 PHP
6 KRW0.24478512672 PHP
7 KRW0.28558264785 PHP
8 KRW0.32638016897 PHP
9 KRW0.36717769009 PHP
10 KRW0.40797521121 PHP
100 KRW4.07975211208 PHP
200 KRW8.15950422416 PHP
300 KRW12.23925633624 PHP
400 KRW16.31900844832 PHP
500 KRW20.3987605604 PHP
600 KRW24.47851267248 PHP
700 KRW28.55826478456 PHP
800 KRW32.63801689664 PHP
900 KRW36.71776900872 PHP
1 000 KRW40.7975211208 PHP
2 000 KRW81.5950422416 PHP
5 000 KRW203.987605604 PHP
10 000 KRW407.97521120799 PHP
20 000 KRW815.95042241598 PHP
50 000 KRW2 039.87605603996 PHP
100 000 KRW4 079.75211207992 PHP
Last updated January 22, 2025 at 04:55 PM