The world of cryptocurrency is evolving rapidly, and understanding real-time exchange rates is crucial for investors and traders alike. One such digital asset gaining attention is IOTA (IOTA), a distributed ledger technology designed for the Internet of Things (IoT). For users in South Korea or those dealing with Korean Won (KRW), knowing the accurate IOTA to KRW conversion rate is essential for making informed financial decisions.
As of the latest update, 1 IOTA = 216.28 KRW. This value reflects current market dynamics and can fluctuate due to various economic and technological factors. The following guide provides a comprehensive overview of the IOTA to KRW exchange, including historical trends, market statistics, and practical tools to help you stay ahead in your crypto journey.
Understanding the Current IOTA to KRW Exchange Rate
The IOTA/KRW exchange rate is updated in real time based on global trading activity. At the moment, each IOTA token is valued at ₩216.28, meaning:
- 5 IOTA = ₩1,081.40
- 10 IOTA = ₩2,162.80
- 50 IOTA = ₩10,814.00
- 100 IOTA = ₩21,627.99
Conversely, if you're converting from KRW to IOTA:
- ₩1 KRW = 0.004624 IOTA
- ₩50 KRW = 0.02312 IOTA
These figures are derived from live market data and do not include transaction fees or network charges that may apply during actual trades.
👉 Discover how to seamlessly convert IOTA to KRW using advanced trading tools.
IOTA to KRW Price Trends and Market Volatility
Cryptocurrency markets are known for their volatility, and IOTA is no exception. Understanding short- and long-term price movements helps traders identify potential entry and exit points.
24-Hour Performance
Over the past day, IOTA has seen a +0.15% increase against the Korean Won. The price ranged between:
- High: 225.75 KRW
- Low: 219.61 KRW
This indicates relatively stable movement within a narrow band, suggesting low intraday volatility.
Weekly and Monthly Trends
Looking at broader timeframes:
- Past 7 days: -0.43% change
- Past 30 days: -22.38% decline
- Past 90 days: -19.75% drop
The highest value in the last week was 228.51 KRW, while the lowest dipped to 191.12 KRW, showing significant weekly fluctuation driven by market sentiment and macroeconomic conditions.
Market Statistics for IOTA
To assess the health and activity of the IOTA ecosystem, several key metrics provide valuable insights:
- 24-Hour Trading Volume (KRW): ₩17,528,016,006.85
- Market Cap: ₩836,742,405,649.27
- Circulating Supply: 3,868,793,600 IOTA
Notably, trading volume dropped by -28.82% over the last 24 hours compared to the previous day, which could indicate reduced short-term investor interest or consolidation before a potential breakout.
What Is IOTA (IOTA)?
IOTA is a next-generation distributed ledger protocol engineered specifically for IoT devices. Unlike traditional blockchains, it uses a directed acyclic graph (DAG) structure called "Tangle," which eliminates mining and transaction fees. This makes microtransactions between machines fast, scalable, and cost-effective.
Core features include:
- Feeless transactions
- High scalability
- Quantum-resistant cryptography
- Secure data transfer
These attributes position IOTA as a strong contender in industries like smart cities, supply chain logistics, and decentralized identity systems.
About the South Korean Won (KRW)
The South Korean Won (KRW) is the official currency of South Korea, issued by the Bank of Korea. It’s one of Asia’s most traded currencies and plays a vital role in global forex markets.
Key Facts:
- Symbol: ₩
- Subunit: 전 (jeon), though no longer used in practice
- Common denominations: 10, 50, 100, 500 won coins; 1,000, 5,000, 10,000, and 50,000 won banknotes
Historically, high denominations stem from inflation during the Korean War and rapid industrialization in the late 20th century.
Is North Korea’s Currency the Same?
No. While both Koreas use currencies symbolized by ₩:
- South Korea: Uses KRW (Won)
- North Korea: Uses KPW (North Korean Won)
They are entirely separate currencies with different values and regulatory frameworks.
Why Are There So Many Zeros in KRW?
The large number of zeros in Korean Won denominations results from historical inflation and currency redenominations. During periods of economic instability—especially in the 1950s and 60s—the value of money decreased significantly, requiring higher face values for everyday transactions. Despite this, the purchasing power remains balanced within the domestic economy.
Frequently Asked Questions (FAQ)
What is the current price of 1 IOTA in KRW?
As of now, 1 IOTA equals 216.28 KRW. Prices update frequently due to market volatility.
Has IOTA's value increased or decreased recently?
In the last 24 hours, IOTA rose by +0.15% against KRW. However, over the past month, it has declined by -22.38%, indicating bearish pressure.
How can I convert IOTA to KRW?
You can use a trusted cryptocurrency exchange platform that supports IOTA/KRW trading pairs. Ensure you check real-time rates before executing trades.
What factors influence the IOTA to KRW exchange rate?
Several elements affect pricing:
- Global crypto market trends
- Adoption of IoT technologies
- Regulatory news in South Korea or Europe
- Overall investor sentiment
Where can I view live IOTA price charts?
Real-time charts are available on major crypto data platforms showing price movements across multiple timeframes—from minutes to years.
👉 Access real-time IOTA price charts and advanced analytics tools here.
Can I buy IOTA directly with KRW?
Yes, on exchanges that support direct KRW deposits and offer IOTA trading pairs. Always verify supported payment methods and withdrawal limits.
Final Thoughts on IOTA Investment Potential
While IOTA faces competition from other enterprise-grade blockchains, its unique Tangle architecture offers compelling advantages for machine-to-machine economies. For Korean investors, monitoring the IOTA to KRW rate provides insight into both local demand and global sentiment.
With increasing interest in IoT infrastructure and decentralized systems, IOTA may see renewed growth if adoption accelerates in key sectors.
👉 Stay ahead of market shifts with real-time alerts and expert analysis on IOTA trends.