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

Looking at the 30-day window, the NGN/KRW pair traded in a range of 1.0695 to 1.1263. The monthly average was 1.0954 with 1.33% volatility. The relatively low volatility indicates stable trading conditions for the NGN/KRW currency pair.

The current mid-market exchange rate is 1 NGN = 1.1199 KRW, updated as of June 13, 2026, 5:18 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.

Nigerian Naira to South Korean Won Exchange Rate

The NGN/KRW exchange rate tells you how many South Korean Won (KRW) you receive for every Nigerian Naira (NGN). At the current mid-market rate of 1 NGN = 1.1199 KRW, 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.

Understanding the NGN/KRW Conversion

Converting Nigerian Naira to South Korean Won involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

Sending Money from NGN to KRW

International money transfers from Nigerian Naira to South Korean Won can be made through banks, online transfer services, or specialist forex brokers. Transfer times range from instant to several business days depending on the corridor and provider. Online services like Wise, Revolut, and OFX typically offer better rates and lower fees than traditional bank wire transfers, though availability varies by country and currency pair.

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. Understanding the fundamentals behind NGN helps contextualize its exchange rate movements against KRW and other currencies.

South Korean Won Overview

The South Korean Won (KRW) is the official currency of South Korea. Driven by a technology-heavy export economy, the Won is influenced by global semiconductor demand and trade with China. The KRW exchange rate against NGN reflects relative economic conditions between the two currency areas.