KRW to XAU Exchange Rate - Convert South Korean Won to Gold ounces

Converting from South Korean Won (KRW) to Gold Ounces (XAU)

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea. It is abbreviated as "KRW" and is often represented by the symbol "₩". The currency is divided into 100 jeon, although jeon are rarely used in everyday transactions. The Bank of Korea, which is the central bank of South Korea, is responsible for issuing and managing the currency.

The won is considered a stable and reliable currency, backed by the country’s strong export-driven economy. South Korea is known for its advanced technology and industrial sectors, which contribute significantly to the global market. As a result, the won is widely traded in international currency markets, making it an important currency in Asia.

When converting KRW to other currencies, exchange rates can fluctuate based on market conditions. These rates are influenced by factors such as interest rates, economic stability, and international trade dynamics.

What is Gold Ounces (XAU)

Gold ounces (XAU) is a monetary measure representing the price of gold in terms of ounces. The symbol "XAU" is used in the global financial markets to denote one troy ounce of gold, which equals approximately 31.1 grams. Gold is considered a precious metal and has long been valued as a form of currency and a store of wealth.

Investing in gold is seen as a hedge against inflation and economic uncertainty. Many investors prefer gold because it retains its value over time, unlike paper currencies that can be affected by inflation and currency devaluation. Gold is traded on various global exchanges, and its price can vary based on demand, mining production, and geopolitical stability.

To convert South Korean Won (KRW) to Gold Ounces (XAU), you need to know the current price of gold per ounce in KRW. The formula to convert is:

Amount in XAU = (Amount in KRW/Price of Gold per Ounce in KRW)

For example, if you have 1,000,000 KRW and the current price of gold is 2,000,000 KRW per ounce, the conversion would be:

Amount in XAU = (1,000,000/2,000,000) = 0.5 XAU

Converting KRW to XAU not only helps in understanding the value of money against precious metals but also provides insights into investment strategies. Knowing how to convert these currencies enables investors and individuals alike to make informed financial decisions. Understanding the dynamics between currencies and gold can lead to more strategic investments and enhanced financial security.

South Korean Won to Gold ounces conversion table

KRW to XAU conversion table

South Korean Won (KRW)Gold ounces (XAU)
1 KRW0.00000021685 XAU
2 KRW0.00000043371 XAU
3 KRW0.00000065056 XAU
4 KRW0.00000086741 XAU
5 KRW0.00000108427 XAU
6 KRW0.00000130112 XAU
7 KRW0.00000151797 XAU
8 KRW0.00000173483 XAU
9 KRW0.00000195168 XAU
10 KRW0.00000216853 XAU
100 KRW0.00002168534 XAU
200 KRW0.00004337067 XAU
300 KRW0.00006505601 XAU
400 KRW0.00008674134 XAU
500 KRW0.00010842668 XAU
600 KRW0.00013011201 XAU
700 KRW0.00015179735 XAU
800 KRW0.00017348268 XAU
900 KRW0.00019516802 XAU
1 000 KRW0.00021685336 XAU
2 000 KRW0.00043370671 XAU
5 000 KRW0.00108426678 XAU
10 000 KRW0.00216853356 XAU
20 000 KRW0.00433706712 XAU
50 000 KRW0.01084266781 XAU
100 000 KRW0.02168533562 XAU
Last updated April 1, 2025 at 11:55 PM