Convert South Korean Won to Gibraltar Pound
Please provide values below to convert South Korean Won [KRW] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to South Korean Won.
How to Convert South Korean Won to Gibraltar Pound
1 KRW = 1867.58233148724 GIP
Example: convert 15 KRW to GIP:
15 KRW = 15 × 1867.58233148724 GIP = 28013.7349723085 GIP
South Korean Won to Gibraltar Pound Conversion Table
| South Korean Won | Gibraltar Pound |
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South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.