KRW to XOF Exchange Rate - Convert South Korean Won to CFA Franc - BCEAO

Converting from South Korean Won (KRW) to CFA Franc - BCEAO (XOF)

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea. It is abbreviated as "₩" and is subdivided into 100 jeon, although the latter is not commonly used in everyday transactions. The currency dates back to 1945 when it replaced the Korean yen following the end of Japanese occupation. The Bank of Korea, South Korea's central bank, issues and manages the currency.

In recent years, the South Korean economy has experienced significant growth, becoming one of the leading economies in Asia and around the world. The country's strong manufacturing base, technological advancements, and export-oriented policies contribute to its economic resilience. As a result, the KRW has also become a key currency in global markets, often exchanged in international trade.

When considering currency conversion, it is important to stay updated with the current exchange rates, as they can fluctuate due to various factors such as economic stability, political events, and market dynamics. Websites and applications provide real-time data on KRW rates with other currencies, allowing individuals and businesses to make informed decisions regarding currency exchanges.

What is CFA Franc - BCEAO (XOF)

The CFA Franc - BCEAO (XOF) is the currency used by eight West African countries that are members of the West African Economic and Monetary Union (WAEMU). These countries include Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. The currency is issued and regulated by the Central Bank of West African States (BCEAO).

The CFA Franc was initially established in 1945 and has maintained a fixed exchange rate against the Euro. This stability makes it an attractive currency for trade within the region and beyond. XOF is further subdivided into 100 centimes, although the centime is not widely used in practice.

The economies of the countries using the XOF are largely based on agriculture, with cocoa, coffee, and cotton as significant exports. The member states benefit from the shared currency system, which promotes easier intra-regional trade and investment. The use of a common currency helps reduce currency conversion costs and fosters economic integration among these nations.

When converting South Korean Won (KRW) to CFA Franc - BCEAO (XOF), it is essential to check the latest exchange rates, as they can vary based on market conditions. The exchange rate can be influenced by factors like the economic performance of both South Korea and the WAEMU countries, as well as global economic trends.

In conclusion, understanding the basics of both currencies is crucial for anyone looking to convert KRW to XOF or vice versa. By keeping an eye on market trends and fluctuations, individuals and businesses can make smarter financial choices in foreign exchange.

South Korean Won to CFA Franc - BCEAO conversion table

KRW to XOF conversion table

South Korean Won (KRW)CFA Franc - BCEAO (XOF)
1 KRW0.40105365685 XOF
2 KRW0.80210731369 XOF
3 KRW1.20316097054 XOF
4 KRW1.60421462739 XOF
5 KRW2.00526828424 XOF
6 KRW2.40632194108 XOF
7 KRW2.80737559793 XOF
8 KRW3.20842925478 XOF
9 KRW3.60948291163 XOF
10 KRW4.01053656847 XOF
100 KRW40.10536568474 XOF
200 KRW80.21073136949 XOF
300 KRW120.31609705423 XOF
400 KRW160.42146273898 XOF
500 KRW200.52682842372 XOF
600 KRW240.63219410846 XOF
700 KRW280.73755979321 XOF
800 KRW320.84292547795 XOF
900 KRW360.9482911627 XOF
1 000 KRW401.05365684744 XOF
2 000 KRW802.10731369488 XOF
5 000 KRW2 005.2682842372 XOF
10 000 KRW4 010.5365684744 XOF
20 000 KRW8 021.0731369488 XOF
50 000 KRW20 052.68284237201 XOF
100 000 KRW40 105.36568474402 XOF
Last updated April 25, 2025 at 11:55 PM