The South Korean won (KRW) and the Vietnamese dong (VND) are two popular currencies in Asia, and understanding their exchange rate is crucial for travelers and businesses alike.
As of today, 1 KRW is equivalent to approximately 4.5 VND. This exchange rate has been relatively stable over the past year, with minimal fluctuations.
In the past, the exchange rate between KRW and VND has varied significantly, with a high of 5.5 VND per KRW in 2018 and a low of 3.5 VND per KRW in 2019.
Conversion Basics
The conversion process for Korean Won to Vietnamese Dong is quite straightforward. You'll need to consider the current exchange rate, which can be found on reliable financial news sources or currency conversion websites.
One way to convert KRW to VND is by using the formula: Amount in VND = Amount in KRW × Exchange Rate (KRW to VND). This simple formula makes it easy to convert different amounts.
The exchange rate can vary, so it's always a good idea to check the latest rates before making a conversion. You can use a conversion table or calculator to make the process easier.
Here's a conversion table to give you an idea of the exchange rate:
As you can see from the table, the exchange rate is quite stable, with 1 KRW converting to around 17.409 VND. Keep in mind that exchange rates can fluctuate, so it's always a good idea to double-check the latest rates before making a conversion.
Understanding the Market
The South Korean won (KRW) and the Vietnamese dong (VND) have distinct exchange rates, with 1 KRW being equivalent to approximately 1,800 VND.
The KRW is a relatively stable currency, backed by South Korea's strong economy and trade relationships.
In contrast, the VND is a more volatile currency, influenced by Vietnam's economic growth and trade ties.
Understanding the market fluctuations between these two currencies is crucial for travelers and businesses operating in both countries.
What Is Vietnam
Vietnam is a country with a rapidly growing economy, one of the fastest in Southeast Asia. The official currency of Vietnam is the dong, also known as VND.
The dong was introduced in 1985, replacing an older currency with the same name. The symbol for the dong is ₫, and it's abbreviated as VND internationally.
The State Bank of Vietnam is in charge of issuing and regulating the dong. This means they control the amount of money in circulation and make sure it's stable.
The value of the dong fluctuates based on economic factors like inflation rates and trade balances. This can affect the value of the dong in the currency market.
Vietnam has undergone significant economic reforms in recent decades, transitioning from a centrally planned economy to a more market-oriented one. This has led to increased foreign investment and a growing demand for Vietnam's exports.
Comparing Strengths
The Korean Won is currently stronger than the Vietnamese Dong, as 1 KRW is equal to 17.409 VND. This means if you're traveling to Vietnam, you'll get more Dong for your Won.
The exchange rate is the opposite way around, with 1 VND being worth only 0.05744 KRW. This highlights the significant difference in value between the two currencies.
Historical Tables
The KRW/VND rate has fluctuated over time, and one notable trend is the decline in value of the Korean Won compared to the Vietnamese Dong.
In the past six months, the KRW/VND rate has dropped by 6.35%. This means the Korean Won has lost value against the Vietnamese Dong.
South Korean and Vietnamese Currencies
South Korean and Vietnamese Currencies are the two currencies mentioned in this article. The South Korean currency is known as the KRW, or Korean Won, while the Vietnamese currency is called the VND, or Vietnamese Dong.
The exchange rate between KRW and VND is constantly changing, but as of the last update, 1 KRW is equivalent to 17.21 VND. This means that if you exchange 1 KRW for VND, you'll get 17.21 VND in return.
You can also see the conversion rates for different amounts of KRW in VND. For example, 5 KRW is equal to 87.045 VND, and 10 KRW is equal to 174.09 VND.
South Korean Currency
The South Korean currency is the South Korean Won, abbreviated as KRW. It's used in South Korea and is also known as the "won".
As of the given date, the exchange rate for KRW to VND is 17.21 VND per 1 KRW. You can buy 1 KRW for 17.19 VND and sell it for 17.23 VND.
The KRW is also exchangeable with the US dollar, with a rate of 0.00069 USD per 1 KRW. You can buy 1 KRW for 0.0007 USD and sell it for the same price.
To give you a better idea of the exchange rates, here's a summary:
South Conversion Table
The South Korean and Vietnamese currencies, KRW and VND, have a complex relationship, but understanding their conversion is crucial for travelers and businesses alike.
The current exchange rate of KRW to VND is approximately 17.21 VND per KRW, with a change of 0.00% as of 01-02-2025.
To convert KRW to VND, you can use the simple formula: Amount in VND = Amount in KRW × Exchange Rate (KRW to VND).
Here's a quick reference table to help you convert different amounts of KRW to VND:
The average exchange rate over the period of 2024-1-18 to 2025-1-17 was 18.330 Vietnamese Dong per Korean Won.
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