1 KRW to NGN - Convert South Korean Won to Nigerian Naira

Looking at the 30-day window, the KRW/NGN pair traded in a range of 0.887100 to 0.948700. The monthly average was 0.920893 with 1.85% volatility. The relatively low volatility indicates stable trading conditions for the KRW/NGN currency pair.

The current mid-market exchange rate is 1 KRW = 0.892911 NGN, updated as of June 13, 2026, 5:12 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

South Korean Won to Nigerian Naira Exchange Rate

The KRW/NGN exchange rate tells you how many Nigerian Naira (NGN) you receive for every South Korean Won (KRW). At the current mid-market rate of 1 KRW = 0.892911 NGN, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

What Affects the KRW to NGN Rate

Exchange rates between South Korean Won and Nigerian Naira are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the KRW/NGN rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best KRW to NGN Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

KRW/NGN for Travelers and Businesses

Whether you are traveling, sending money internationally, or managing business payments, the KRW to NGN rate directly affects your costs. Travelers should compare airport exchange counters, city center bureaux, and card-based options before converting. Businesses managing recurring cross-border payments benefit from setting up rate alerts and locking in favorable rates when they appear. The conversion table on this page helps you quickly reference common amounts.

Nigerian Naira Overview

The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's largest economy. Oil exports, remittances, and the recent rate unification have shaped the naira's evolving exchange rate regime. The NGN exchange rate against KRW reflects relative economic conditions between the two currency areas.

Reverse Rate: NGN to KRW

The reverse exchange rate is 1 NGN = 1.1199 KRW. This is useful if you are starting with Nigerian Naira and want to know how much South Korean Won you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated NGN to KRW converter for the reverse direction.