Exchange Rate Calculator

The exchange rate between the South Korean Won (KRW) and Ethereum (ETH) has exhibited significant fluctuations over the past few years, reflecting the inherent volatility of the cryptocurrency market. Understanding these trends is crucial for investors and stakeholders involved in cryptocurrency transactions within the South Korean market.

Historical Exchange Rate Trends

In 2020, the KRW/ETH exchange rate experienced notable variability. For instance, on October 31, 2020, 1 KRW was equivalent to approximately 0.0000023 ETH. This rate remained relatively stable throughout October, fluctuating between 0.0000021 and 0.0000025 ETH per KRW. Earlier in the year, on June 30, 2020, the rate was higher, with 1 KRW equal to 0.0000037 ETH, indicating a depreciation of ETH relative to KRW over the subsequent months. (freecurrencyrates.com)

The year 2021 saw a significant decline in the KRW/ETH exchange rate. By October 31, 2021, 1 KRW was equivalent to just 0.0000002 ETH. This downward trend was consistent throughout the year, with the rate dropping from 0.0000005 ETH per KRW in March to 0.0000002 ETH by October. (freecurrencyrates.com)

In 2022, the exchange rate exhibited slight improvements. By October 31, 2022, 1 KRW was equivalent to 0.0000004 ETH. This period marked a stabilization in the exchange rate, with minor fluctuations between 0.0000004 and 0.0000005 ETH per KRW from June to October. (freecurrencyrates.com)

The year 2023 continued this trend of gradual appreciation. On October 31, 2023, 1 KRW was equivalent to 0.0000004 ETH, maintaining the stability observed in the previous year. Throughout 2023, the exchange rate fluctuated between 0.0000004 and 0.0000005 ETH per KRW, indicating a period of relative calm in the KRW/ETH exchange rate. (freecurrencyrates.com)

Recent Exchange Rate Data

As of March 20, 2025, the exchange rate stood at 1 KRW equal to 0.000000338 ETH, or conversely, 1 ETH was equivalent to approximately 2,955,083 KRW. (forbes.com) This data suggests a slight depreciation of ETH relative to KRW compared to the previous year.

Factors Influencing the Exchange Rate

Several factors have contributed to the fluctuations in the KRW/ETH exchange rate:

1. Global Cryptocurrency Market Trends: The overall performance of the cryptocurrency market significantly impacts ETH's value. Bullish trends in the global market often lead to an appreciation of ETH, while bearish trends result in depreciation.

2. Regulatory Environment: South Korea's regulatory stance on cryptocurrencies has evolved over the years. Stricter regulations can lead to decreased demand for ETH, affecting its value relative to KRW.

3. Technological Developments: Upgrades and changes within the Ethereum network, such as the transition to Ethereum 2.0, can influence investor confidence and, consequently, the exchange rate.

4. Macroeconomic Factors: Economic indicators in South Korea, including inflation rates, interest rates, and economic growth, can affect the value of KRW, thereby impacting the KRW/ETH exchange rate.

Implications for Investors

The volatility observed in the KRW/ETH exchange rate underscores the importance of cautious investment strategies. Investors should stay informed about both global cryptocurrency trends and local economic conditions. Diversifying investment portfolios and employing risk management strategies are advisable to mitigate potential losses due to exchange rate fluctuations.

In conclusion, the KRW/ETH exchange rate has experienced significant changes over the past few years, influenced by a combination of global market trends, regulatory developments, technological advancements, and macroeconomic factors. Staying informed and adopting prudent investment strategies are essential for navigating this dynamic landscape.