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10KRW to NGN exchange rate

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KRW to NGN

Amount
Result

1 KRW = 1.00772 NGN

12:31 Exchange Rate

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KRW to NGN business scenario

After converting KRW to NGN, choose a practical business next step

Use the converted amount and latest reference rate to decide whether to review business account, collection, payment, or contact options.

What to confirm next

  • Use the rate as a reference for payment or collection planning.
  • Check whether the currency pair affects timing, amount, or account needs.
  • Choose the relevant XTransfer service path for the next business action.
Currency pairKRW / NGN
Amount checked10 KRW
Latest reference rate1 KRW = 1.00772 NGN

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KRW to NGN  AI Predictive Analysis

XTransfer is the first platform for B2B foreign trade finance in China. It provides safe, convenient and low-cost international collection solutions for small, medium and micro enterprises, with 0 account opening fee and 0 handling fee. New users can receive up to 200000 RMB free foreign exchange settlement quota for registration. The current KRW/NGN market is volatile, with a focus on macroeconomic changes and policy trends. AI predictions can help users grasp trends and make more accurate decisions.

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As of August 15, 2025

analysis of influencing factors:Federal Reserve Policy, Geopolitics, Economic Data
potential resistance level:1.1250
Operational recommendations:It is recommended to wait and see, timely layout of multiple orders
Forecast Time Range:Next 1-2 weeks
Market sentiment:Cautiously optimistic
Brief Technical Review:The moving average is long, with short-term upward momentum.
Recent volatility:Medium
AI Confidence Index:medium high
Potential support level:1.1100
trend prediction:Short-term shocks to the upside

AI analysis is for reference only. Please judge based on actual conditions.

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1 KRW to NGN Historical Exchange Rate Trends

1 KRW = -- NGN

12:31 Exchange Rate

KRW - NGN+0%
History
7D
1M
3M

KRW Exchange Rate Conversion Table

KRW
KRW
NGN
NGN
USD
USD
CNY
CNY
1 KRW0.973560.000714910.0048079
10 KRW9.73560.00714910.048079
25 KRW24.3390.017872750.1201975
50 KRW48.6780.03574550.240395
100 KRW97.3560.0714910.48079
500 KRW486.780.3574552.40395
1000 KRW973.560.714914.8079
5000 KRW4,867.83.5745524.0395
10000 KRW9,735.67.149148.079

KRWKRW - won

The won was introduced in 1945 to accompany the economic development of the South after the division of the Korean Peninsula. As the currency of a global technology and manufacturing powerhouse, the won has a high degree of international competitiveness, reflecting the rapid modernization of the Korean economy.

  • Supporting unit:No actual circulating auxiliary currency.
  • Denomination of banknotes:1000, 5000, 10000, 50000 yuan
  • Reserve currency:Yes, it is one of the major reserve currencies in Asia.
  • Banknote material:Paper with watermark and multiple anti-counterfeiting designs
  • Metal composition:Copper-nickel alloys, stainless steel, etc.
  • Currency symbol:₩
  • Paper currency size:For example, 50,000 yuan is approximately 154mm × 68mm.
  • language:en
  • Main unit:1 Won
  • ISO code:KRW
  • Currency name:South Korean Won
  • Exchange Rate System:Floating exchange rate system
  • Central Bank:Bank of Korea
  • Safe-haven currency:No, it fluctuates significantly but remains relatively stable.
  • Coin denomination:1, 5, 10, 50, 100, 500 yuan
  • Countries of Use:South Korea is the only country where it is officially used.
  • Cross-border payment:International remittances are supported through the SWIFT network, and the South Korean won is widely used in Asian trade, often paired with the US dollar and euro for international payments.

NGNNGN - Nigerian Naira

The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.

  • Supporting unit:1 Naira = 100 Kobo
  • Denomination of banknotes:5, 10, 20, 50, 100, 200, 500, 1000 Naira
  • Reserve currency:No, the primary reserves consist of foreign currencies such as USD, EUR, and RMB.
  • Banknote material:Most are paper-based, while some small denominations are made of polymer.
  • Metal composition:Nickel-plated steel core, copper alloy, aluminum alloy, etc.
  • Currency symbol:₦
  • Paper currency size:For example, 1000 Naira is approximately 151mm × 78mm.
  • language:en
  • Main unit:Naira
  • ISO code:NGN
  • Currency name:Nigerian Naira
  • Exchange Rate System:Regulated floating exchange rate system
  • Central Bank:Central Bank of Nigeria
  • Safe-haven currency:No, there are significant fluctuations in exchange rates and strong capital controls.
  • Coin denomination:50 Cobos, 1, 2 Naira (seldom used).
  • Countries of Use:Nigeria is the only country where it is used officially.
  • Cross-border payment:Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.
KRWKRW
Few currencies show a country’s culture like the KRW Currency. South Korea’s banknotes have special holograms and moving taegeuk shapes. These features help stop people from making fake money. The KRW Currency is the only money you can use in South Korea. Its design shows famous artists and important national symbols. K-pop and kimchi are known around the world. But the story of Korea’s money is still not well known.HighlightsThe South Korean won (KRW) is the money used in South Korea. Coins and...
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NGNNGN
The Nigerian Naira (NGN) stands as the official currency of Nigeria, playing a vital role in the nation’s financial ecosystem. In 2025, the naira’s significance grows as it navigates economic challenges and opportunities. You’ll notice its exchange rate against the US Dollar at ₦1,610.13, reflecting a 13.43% rise over the past year. Despite this improvement, Nigeria’s inflation rate of 24.23% highlights ongoing pressures that impact purchasing power. The NGN currency also influences global trade...
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FAQ

With KRW to NGN exchange rate fluctuations, will I receive less money?

Yes, the real-time exchange rate fluctuations between KRW and NGN directly impact your trade profits. Due to the time lag in international payments, if KRW depreciates or NGN strengthens at the time of settlement, the actual amount of NGN you receive will decrease due to exchange losses. Therefore, monitoring the trend of KRW and choosing the right exchange rate window is key to ensuring your trade proceeds do not shrink.

Why is the bank's exchange rate different from the one I found online?

The exchange rates found online are usually mid-market rates, which serve only as a market reference and are not the bank's actual transaction price. When performing currency settlement, banks deduct a "spread" (the difference between buying and selling prices) from the real-time mid-market rate to cover transaction costs. This spread causes the final amount you receive to be lower than the theoretical value calculated at the mid-market rate. Therefore, when calculating the actual profit of trade orders, you should rely on the bank's real-time "buying rate" rather than the reference rate.

Are AI-predicted exchange rates for KRW to NGN accurate?

AI predictions for KRW to NGN are trend references based on historical big data and market sentiment models. While AI can capture the patterns of KRW through algorithms, it is difficult to 100% foresee sudden international political events or policy adjustments. Therefore, the predicted value of KRW to NGN should serve as a supplementary suggestion for choosing a settlement window, rather than an absolute guarantee of the transaction price.

Are there any hidden fees when exchanging KRW to NGN?

In cross-border transactions involving KRW to NGN, intermediary bank deductions are the most common hidden cost. When KRW is sent through non-direct banking routes, correspondent banks will deduct a service fee, resulting in the actual amount of NGN received being less than expected. To ensure your KRW order profits are not eroded, it is recommended to confirm whether the receiving bank supports the "Full Pay" (OUR) mode before initiating the KRW exchange to avoid extra fees during NGN credit.

Why do different banks offer different exchange rates for KRW to NGN?

This is because there is no unified fixed exchange rate globally; financial institutions add their own "spread" to the international mid-market rate of KRW to NGN. Different banks have varying position management and operational costs for KRW, which directly determines the fluctuations in their KRW settlement prices. Therefore, when converting KRW to NGN, businesses will find slight differences in real-time quotes, and choosing a channel with a lower spread can yield more NGN.

How to conduct international cross-border payments conveniently?

The key to efficient international settlement lies in shortening the intermediate transfer links of global currencies. Through XTransfer, a one-stop foreign trade financial service platform, enterprises can quickly open multi-currency global collection accounts online without queuing at physical branches, enabling real-time payment, collection, and settlement. The compliance declaration consulting and exchange settlement services provided by XTransfer effectively solve the challenges of slow arrivals and opaque fees, making it a more convenient choice for SMEs handling bulk trade settlements.

Is it really safe to send money online via XTransfer?

XTransfer is absolutely secure. Your funds are protected by our top-level security measures to ensure every transaction is safeguarded. If there is a delay, we will refund the service fee to compensate your loss.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness. Please refer to the real-time quotes from banks, related institutions, or trading systems.