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MAG to KRW Converter and calculator

MAG/KRW: 1 MAG = 0.00 KRW. The price of converting 1 Magnesium (MAG) to South Korean Won (KRW) is 0.00 KRW today.
MAG
MAG
KRW
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MAG to KRW real-time exchange rates, making it easy to convert Magnesium (MAG) to South Korean Won (KRW). The conversion result is based on real-time data. The conversion result shows that 1 MAG is currently valued at 0 KRW. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MAG is currently valued at 0 KRW, which means buying 5 MAG would cost 0 KRW. Similarly, ₩1 KRW can be converted to Infinity MAG, and ₩50 KRW can be converted to Infinity MAG, excluding any platform or gas fees.

Convert MAG to KRW

Convert KRW to MAG

Magnesium
South Korean Won
In the table above, you'll find a comprehensive MAG to KRW converter that shows the value of Magnesium in South Korean Won across commonly used conversion amounts. The list covers conversions from 1 MAG to KRW, all the way up to 10000 MAG, providing a clear view of their respective values.
South Korean Won
Magnesium
100000 KRW
Infinity MAG
In the table above, you'll find a comprehensive KRW to MAG converter that shows the value of South Korean Won in Magnesium across commonly used conversion amounts. The list covers conversions from 1 KRW to MAG, all the way up to 100000 KRW, providing a clear view of their respective values.

MAG to KRW chart

MAG/KRW: 1 MAG = 0 KRW; 2025/04/30 21:03:40
In the past 1D, Magnesium has changed -0.04% to KRW. Based on the trend and price charts, Magnesium(MAG) has changed -0.04% to KRW while South Korean Won(KRW) has changed % to MAG in the last 24 hours.
1D7D1M3M1YAll

MAG to KRW conversion data: Volatility and price changes of Magnesium in KRW

The highest Magnesium price in KRW over the past 7 days was 0.09264 KRW while the lowest Magnesium price in KRW over the past 7 days was 0.02748 KRW. The relative change between the highs and lows in Magnesium price in KRW over the last 7 days indicates a volatility of %. You can view additional volatility data and MAG to KRW prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.05385 KRW
0.09264 KRW
0.1563 KRW
0.2118 KRW
Low
0.05378 KRW
0.02748 KRW
0.02748 KRW
0.02748 KRW
Average
0 KRW
0 KRW
0 KRW
0 KRW
Volatility
%
%
%
%
Change
-0.04%
-31.28%
-46.53%
-48.63%

Magnesium information

MAG to KRW market statistics

MAG/KRW:
--
MAG 24h volume:
--
MAG market cap:
--
MAG circulating supply:
0 MAG

Current MAG to KRW exchange rate

Magnesium to South Korean Won is falling this week.
Magnesium's current market price is ₩0 per MAG, with a total market cap of ₩0 KRW based on a circulating supply of -- MAG. The trading volume of Magnesium has changed by 0.00% (₩0 KRW) in the last 24 hours. Last trading day, MAG's trading volume was ₩0.

More info about Magnesium on Bitget

South Korean Won information

About the South Korean Won (KRW)

What Is the South Korean Won (KRW)?

The South Korean Won (KRW) is the official currency of South Korea. It is symbolized by ₩ and is a decimalized currency, meaning it is divided into 100 subunits called jeon, although the jeon is no longer used in everyday transactions. The most commonly used denomination is 1 won. The international foreign exchange market designation for the South Korean Won is KRW. The South Korean Won is the sole legal tender in South Korea, and it is used for all transactions within the country.

The South Korean Won is issued by the Bank of Korea, which is the central bank of South Korea. The Bank of Korea is responsible for the design, production, and distribution of the nation's currency. Additionally, the actual minting of coins and printing of banknotes are carried out by the Korea Minting and Security Printing Corporation, a government-owned corporation that also handles the production of various government documents and securities.

What Is the History of KRW?

The won has been a part of Korea's monetary system for centuries, with the modern version dating back to 1902. During Japan's occupation from 1910 to 1945, the won was replaced by the Korean yen. After World War II, Korea was divided, leading to the creation of the South Korean won in 1949. Initially pegged to the US dollar, the won underwent several devaluations, especially during the Korean War. In 1962, the won was reintroduced after being replaced by the hwan between 1953 and 1962. The won was pegged to the US dollar until 1997 when it was allowed to float freely in the foreign exchange market.

Notes and Coins of KRW

Initially, coins ranged from ₩1 to ₩100, but inflation led to the withdrawal of the ₩1 and ₩5 coins in 1992. Currently, coins are minted in denominations of ₩10, ₩50, ₩100, and ₩500. The initial series of banknotes in 1962 included denominations up to ₩100, with a ₩500 note. Over time, higher denominations were introduced to keep pace with inflation, including ₩1000, ₩5000, ₩10,000, and later ₩50,000. To combat counterfeiting, modern banknotes feature up to 22 separate security features.

Why Does South Korean Won Have Many Zeroes?

The South Korean Won (KRW) features many zeros largely due to historical inflation, particularly during the Korean War in the 1950s, which devalued the currency and necessitated larger denominations. This trend was further reinforced by South Korea's rapid economic development and industrialization from the 1960s onwards. Cultural preferences for larger numerical values and the practicality of transactional efficiency also play a role. However, it's important to note that the number of zeros in the currency does not directly reflect its value, as currency worth is relative and influenced by various economic factors.

Do North and South Korea Use the Same Currency?

No, North and South Korea do not use the same currency. Although both countries use a currency called the "won," they are distinct and separate currencies issued by their respective governments.

South Korean Won (KRW): The currency used in South Korea is the South Korean Won, symbolized as ₩. It is issued by the Bank of Korea, the central bank of South Korea.

North Korean Won (KPW): North Korea uses the North Korean Won, also symbolized as ₩. It is issued by the Central Bank of the Democratic People's Republic of Korea, which is North Korea's central bank.

The two currencies are not interchangeable and have different values and characteristics in the international currency markets.

Bitget crypto-to-fiat exchange data shows that the most popular Magnesium currency pair is the MAG to KRW, with for Magnesium's currency code being MAG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KRW.

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How to convert MAG to KRW

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MAG to KRW Conversion tables

The exchange rate of Magnesium is decreasing.
The exchange rate of 1 MAG to South Korean Won has changed by -31.28% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.04%, reaching a high of 0.05385 KRW and a low of 0.05378 KRW . One month ago, the value of 1 MAG was ₩0.04683 KRW , which represents a -46.53% change from its current value. Over the last year, Magnesium has changed by
+
0.05381KRW
, resulting in a change of 0.00% in its value.
24 hours ago1 month ago1 year ago
Amount21:03 today24 hours ago24h change
0.5 MAG₩0₩0.{5}9567
-0.04%
1 MAG₩0₩0.{4}1913
-0.04%
5 MAG₩0₩0.{4}9567
-0.04%
10 MAG₩0₩0.0001913
-0.04%
50 MAG₩0₩0.0009567
-0.04%
100 MAG₩0₩0.001913
-0.04%
500 MAG₩0₩0.009567
-0.04%
1000 MAG₩0₩0.01913
-0.04%

MAG to KRW FAQ

How much is 1 Magnesium in KRW?
Right now, the price of 1 Magnesium (MAG) in South Korean Won (KRW) is ₩0.
How much MAG can I buy for 1 KRW?
Based on the current exchange rate, you can get Infinity MAG for 1 KRW.
How do I calculate or convert MAG to KRW?
You can use our MAG to KRW calculator at the top of this page to convert any amount of MAG to KRW. We've also included quick-reference tables for the most popular conversions. For example, 5 KRW is equivalent to Infinity MAG, while 5 MAG will cost around 0.00KRW.
What is the highest price of MAG/KRW in history?
The all-time high price of 1 MAG in KRW is ₩3.7. It remains to be seen if the value of 1 MAG/KRW will exceed the current all-time high.
What is the price trend of Magnesium in KRW?
Over the past 7 days, the exchange rate of Magnesium (MAG) has gone down by 31.28%.   Over the last month, the exchange rate of Magnesium (MAG) has gone down by 46.53% against South Korean Won (KRW).

What factors influence the conversion rate of MAG to KRW?

There are many factors that affect the relationship between Magnesium and South Korean Won, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MAG/KRW. When there is positive news in the market about the widespread adoption of MAG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MAG/KRW. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MAG/KRW.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MAG/KRW. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magnesium and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.