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base info 1inch Network

1inch Network to South Korean Won Converter and calculator

Convert 11inch Network (1INCH) to South Korean Won (KRW) equals ₩ 556.68 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of 1inch Network(1INCH) to South Korean Won(KRW). This is the real-time data. The current conversion shows 1 1INCH at a value of 1 1INCH for 556.68 KRW . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

KRW information

About the South Korean Won (KRW)

What Is the South Korean Won (KRW)?

The South Korean Won (KRW) is the official currency of South Korea. It is symbolized by ₩ and is a decimalized currency, meaning it is divided into 100 subunits called jeon, although the jeon is no longer used in everyday transactions. The most commonly used denomination is 1 won. The international foreign exchange market designation for the South Korean Won is KRW. The South Korean Won is the sole legal tender in South Korea, and it is used for all transactions within the country.

The South Korean Won is issued by the Bank of Korea, which is the central bank of South Korea. The Bank of Korea is responsible for the design, production, and distribution of the nation's currency. Additionally, the actual minting of coins and printing of banknotes are carried out by the Korea Minting and Security Printing Corporation, a government-owned corporation that also handles the production of various government documents and securities.

What Is the History of KRW?

The won has been a part of Korea's monetary system for centuries, with the modern version dating back to 1902. During Japan's occupation from 1910 to 1945, the won was replaced by the Korean yen. After World War II, Korea was divided, leading to the creation of the South Korean won in 1949. Initially pegged to the US dollar, the won underwent several devaluations, especially during the Korean War. In 1962, the won was reintroduced after being replaced by the hwan between 1953 and 1962. The won was pegged to the US dollar until 1997 when it was allowed to float freely in the foreign exchange market.

Notes and Coins of KRW

Initially, coins ranged from ₩1 to ₩100, but inflation led to the withdrawal of the ₩1 and ₩5 coins in 1992. Currently, coins are minted in denominations of ₩10, ₩50, ₩100, and ₩500. The initial series of banknotes in 1962 included denominations up to ₩100, with a ₩500 note. Over time, higher denominations were introduced to keep pace with inflation, including ₩1000, ₩5000, ₩10,000, and later ₩50,000. To combat counterfeiting, modern banknotes feature up to 22 separate security features.

Why Does South Korean Won Have Many Zeroes?

The South Korean Won (KRW) features many zeros largely due to historical inflation, particularly during the Korean War in the 1950s, which devalued the currency and necessitated larger denominations. This trend was further reinforced by South Korea's rapid economic development and industrialization from the 1960s onwards. Cultural preferences for larger numerical values and the practicality of transactional efficiency also play a role. However, it's important to note that the number of zeros in the currency does not directly reflect its value, as currency worth is relative and influenced by various economic factors.

Do North and South Korea Use the Same Currency?

No, North and South Korea do not use the same currency. Although both countries use a currency called the "won," they are distinct and separate currencies issued by their respective governments.

South Korean Won (KRW): The currency used in South Korea is the South Korean Won, symbolized as ₩. It is issued by the Bank of Korea, the central bank of South Korea.

North Korean Won (KPW): North Korea uses the North Korean Won, also symbolized as ₩. It is issued by the Central Bank of the Democratic People's Republic of Korea, which is North Korea's central bank.

The two currencies are not interchangeable and have different values and characteristics in the international currency markets.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular 1inch Network currency pair is the 1INCH to KRW, with for 1inch Network's currency code being 1INCH. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KRW.

1INCH to KRW conversion rate trend

1D7D1M3M1YAll
In the past 1D, 1inch Network has changed +7.70% to KRW. Based on the trend and price charts, 1inch Network(1INCH) has changed +7.70% to KRW while South Korean Won(KRW) has changed % to 1INCH in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₩554.04
0.0001% / 0.0004%vip-iconVIP
Binance
₩553.96
0.1000% / 0.1000%
Yes
OKX
₩554.5
0.080% / 0.100%
Yes
Huobi
₩553.79
0.1000% / 0.1000%
Yes
Gate.io
₩553.42
0.1000% / 0.1000%
Yes
Bybit
₩554.64
0.1000% / 0.1000%
Yes
KuCoin
₩554.67
0.1000% / 0.1000%
Yes
Bitfinex
₩554.83
0.1000% / 0.1000%
Yes
Last updated 2024/05/20 20:00:19(UTC+0)

How to buy 1inch Network

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Buy 1inch Network (1INCH)
Use a variety of payment options to buy 1inch Network on Bitget. We'll show you how.

What factors influence the conversion rate of 1inch Network to South Korean Won?

1inch Network to South Korean Won is rising this week.
1inch Network's current market price is ₩ 556.68 per 1INCH, with a total market cap of ₩ 644,940,828,381.86 KRW based on a circulating supply of 1,158,541,200 1INCH. The trading volume of 1inch Network has changed by +21.60% (₩ 6,275,680,013.74 KRW) in the last 24 hours. Last trading day, 1INCH's trading volume was ₩ 29,052,460,112.14.
Market cap
$473.61M
24h volume
$25.94M
Circulating supply
1.16B 1INCH

Conversion tables

The exchange rate of 1inch Network is decreasing.
1 1INCH is currently valued at ₩ 556.68 KRW , which means buying 5 1INCH will cost ₩ 2,783.42 KRW . Similarly, ₩1 KRW can be traded for 0.001796 1INCH, and ₩50 KRW can be converted to 0.08982 1INCH, excluding any platform or gas fees.
The exchange rate of 1 1INCH to South Korean Won has changed by +12.64% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.70%, reaching a high of 560.5 KRW and a low of 509.04 KRW . One month ago, the value of 1 1INCH was ₩ 605.72 KRW , which represents a -8.10% change from its current value. Over the last year, 1inch Network has changed by
+
16.11KRW
, resulting in a change of +2.98% in its value.

1INCH to KRW

Amount
20:18 today
0.5 1INCH
278.34
1 1INCH
556.68
5 1INCH
2,783.42
10 1INCH
5,566.84
50 1INCH
27,834.18
100 1INCH
55,668.36
500 1INCH
278,341.78
1000 1INCH
556,683.56

KRW to 1INCH

Amount20:18 today
0.5KRW0.0008982  1INCH
1KRW0.001796  1INCH
5KRW0.008982  1INCH
10KRW0.01796  1INCH
50KRW0.08982  1INCH
100KRW0.1796  1INCH
500KRW0.8982  1INCH
1000KRW1.8  1INCH
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Today vs. 24 hours ago

Amount20:18 today24 hours ago24h change
0.5 1INCH$0.2044$0.1898
+7.70%
1 1INCH$0.4088$0.3796
+7.70%
5 1INCH$2.04$1.9
+7.70%
10 1INCH$4.09$3.8
+7.70%
50 1INCH$20.44$18.98
+7.70%
100 1INCH$40.88$37.96
+7.70%
500 1INCH$204.4$189.8
+7.70%
1000 1INCH$408.8$379.59
+7.70%

Today vs. 1 month ago

Amount20:18 today1 month ago1M change
0.5 1INCH$0.2044$0.2224
-8.10%
1 1INCH$0.4088$0.4448
-8.10%
5 1INCH$2.04$2.22
-8.10%
10 1INCH$4.09$4.45
-8.10%
50 1INCH$20.44$22.24
-8.10%
100 1INCH$40.88$44.48
-8.10%
500 1INCH$204.4$222.4
-8.10%
1000 1INCH$408.8$444.81
-8.10%
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Today vs. 1 year ago

Amount20:18 today1 year ago1Y change
0.5 1INCH$0.2044$0.1985
+2.98%
1 1INCH$0.4088$0.3970
+2.98%
5 1INCH$2.04$1.98
+2.98%
10 1INCH$4.09$3.97
+2.98%
50 1INCH$20.44$19.85
+2.98%
100 1INCH$40.88$39.7
+2.98%
500 1INCH$204.4$198.48
+2.98%
1000 1INCH$408.8$396.97
+2.98%

1inch Network price prediction

What will the price of 1INCH be in 2025?

Based on 1INCH's historical price performance prediction model, the price of 1INCH is projected to reach $0.3891 in 2025.

What will the price of 1INCH be in 2030?

In 2030, the 1INCH price is expected to rise by -9.00%. By the end of 2030, the 1INCH price is projected to reach $0.4273, with a cumulative ROI of +4.53%.
Buy 1inch Network for 1 KRW
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