South Korean Won to Nigerian Naira — KRW to NGN
KRW to NGN Converter
KRW/NGN Rate — Last 30 Days
KRW gained 10.49% vs NGN this week — a clear short-term uptrend. If momentum holds, KRW may continue to strengthen.
The 7-day average rate is above the 30-day average — recent momentum favors KRW strengthening vs NGN. Uptrends can persist, but watch for a mean-reversion pullback.
The rate is at its highest point in 30 days. Strong bullish momentum — KRW buyers are in control. At highs, watch for resistance and potential reversal.
RSI of 85 means KRW has risen fast relative to NGN and may be overextended. RSI above 70 often precedes a pullback or consolidation — not a sell signal on its own, but a caution flag. Works best combined with other signals.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 0.9813 | 0.8836 | 0.9013 |
| 30 days | 0.9813 | 0.8815 | 0.8981 |
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Historical KRW/NGN Rates by Year
What drives the KRW/NGN rate?
Whether you're converting KRW for travel, business, or investment, here's what drives the KRW to NGN exchange rate. The KRW/NGN exchange rate is determined by supply and demand in global currency markets, influenced by interest rate decisions from both central banks, economic data releases, inflation figures, and broader risk sentiment in financial markets. Trade flows between the two countries or regions also play an important role in long-term rate direction.
How to get the best KRW to NGN rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 KRW exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.