Convert Nigerian Naira to South Korean Won
Please provide values below to convert Nigerian Naira [NGN] to South Korean Won [KRW], or Convert South Korean Won to Nigerian Naira.
How to Convert Nigerian Naira to South Korean Won
1 NGN = 1.10714218551638 KRW
Example: convert 15 NGN to KRW:
15 NGN = 15 × 1.10714218551638 KRW = 16.6071327827457 KRW
Nigerian Naira to South Korean Won Conversion Table
| Nigerian Naira | South Korean Won |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.