1 KRW to INR: Convert South Korean Won to Indian Rupee

For anything you purchase, you pay the currency in coins, banknotes, or digital money. We will assist you in converting your KRW to INR, or Korean Won to Rupees, today. Moreover, learn about these two currencies, the similarities and differences between them, and their conversion chart to better comprehend the process. Run down the article to understand the conversion of 1 Won in Indian Rupees and learn why the value fluctuates.

An Overview of KRW (South Korean Won)

The South Korean won, sometimes known as the Korean Republic won, is the country’s official currency. One Won is divided into 100 jeon, which is a monetary unit of the Won. Jeon is now just used to calculate foreign currency rates and is no longer used for everyday transactions. The South Korean Won is printed by the Bank of Korea, which has its headquarters in Seoul.

The old ‘won’ was a cognate of the Japanese Yen and Chinese Yuan, which were both extracted from the Spanish-American silver dollar. Won is derived from the Japanese character hanja, which means round and defines the shape of the silver dollar.

History of KRW (South Korean Won)

As said, the coin that was frequently used for trade between Asia and America from the 16th to the 19th centuries is the source of the Japanese Yen, Chinese Yuan, and Korean Won. The Spanish-American silver dollar was the name given to that piece.

Several times, the South Korean Won was dropped and then brought back. It was formally reintroduced into the country on June 10, 1962, at a rate of 1 Won = 10 hwan.

Overview of INR(Indian Rupee)

The official currency of India is the rupee, as its name suggests. 100 paise are used to split the cash. Previously, the lowest denomination of a rupee was 1 paisa. However, as of 2019, coins with a face value of one rupee have the lowest value in circulation due to the depreciation of the paisa.

The Reserve Bank of India Act, 1934, establishes the RBI’s authority over currency issuance in India and establishes the parameters for its role in currency management. A rupee was previously represented by the symbol Rs. The Devanagari consonant ‘ra’ and the Latin capital ‘R,’ which lacks the vertical bar, were combined to create the new rupee sign that India approved in 2010.

History of INR(Indian Rupee)

The Indian Rupee has a very ancient history that dates back to around the sixth century BCE in India. In actuality, along with Lydian states and Chinese wen, India was one of the world’s earliest coin issuers.

Chanakya, the Prime Minister of Chandragupta Maurya, the first Mauryan Emperor (c. 340–290 BCE), introduced the term ‘silver coin’ in Arthashastra. Other coins included lead (sīsarūpa), copper (tamrarūpa), and gold (suvarṇarūpa) coins.

In the course of his five-year rule from 1540 to 1545, Sultan Sher Shah Suri produced the silver coin weighing 178 grains (or 11.53 grams). The Rupiya was the name of this currency.

The new rupee symbol, ‘₹’ became official in 2010.

KRW to INR Forecast

As of January 5th 2023, 1 KRW is equal to 0.065 Indian Rupees. As you can see, the Indian currency is stronger than the KRW. Let’s find out whether the worth of the KRW will increase or fall against the value of Indian currency in the near future.

As of 22nd February 2022, 1 KRW is equivalent to 0.063 Indian Rupees. As you can see, INR is higher than KRW. Let’s find out whether the value of KRW will rise or fall against the value of INR in the future. 

Convert KRW to INR

As we know that 1 KRW is equivalent to 0.063 INR, we could now easily convert KRW to INR, all we need to do is multiply the value of KRW by 0.063.

Mathematically, the KRW to INR formula can be expressed as follows:

INR = Value of KRW x 0.063

On solving the equation, you will get the value of INR. 

If you are still confused about the conversion process, let us solve a few examples so that you can have a better understanding of the same.

Example 1: Convert 100 won in rupees

Sol. Keeping the value of won in the above equation, you’ll get

INR = 100 * 0.065 = 6.5.

Hence proved, 100 Won is equivalent to 6.5 INR     

Example 2: Convert 1000 won in rupees

Sol. Keeping the value of won in the above equation, you’ll get

INR = 1000 * 0.065 = 65.

Hence proved, 1000 Won is equivalent to 65 INR     

Example 3: Convert 3000 won in rupees

Sol. Keeping the value of won in the above equation, you’ll get

INR = 3000 * 0.065 = 195.

Hence proved, 3000 Won is equivalent to 195 INR     

Example 4: Convert 50000 won in rupees

Sol. Keeping the value of won in the above equation, you’ll get

INR = 5000 * 0.065 = 325.

Hence proved, 5000 Won is equivalent to 325 INR  

Example 5: Convert 100000 won in rupees

Sol. Keeping the value of won in the above equation, you’ll get

INR = 100000 * 0.065 = 6,500.

Hence proved, 100000 Won is equivalent to 6,500 INR  

Example 6: Convert 100 million won in rupees

Sol. Keeping the value of won in the above equation, you’ll get

INR = 100000000* 0.065 = 6494773.20.

Hence proved, 100000000 Won is equivalent to 6494773.20 INR  

Example 7: Convert 1 billion won in rupees

Sol. Keeping the value of won in the above equation, you’ll get

INR = 1000000000* 0.065 = 64944668.47.

Hence proved, 1000000000 Won is equivalent to 64944668.47 INR

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KRW vs INR

The official currencies of two distinct nations are the KRW and the INR. INR is the more powerful of the two currencies. They also differ in a number of other ways. Here are a few of them:

KRW to INR Conversion Chart

FAQ’s about Convert KWR to INR