Convert Gibraltar Pound to South Korean Won
Please provide values below to convert Gibraltar Pound [GIP] to South Korean Won [KRW], or Convert South Korean Won to Gibraltar Pound.
How to Convert Gibraltar Pound to South Korean Won
1 GIP = 0.000535451628096983 KRW
Example: convert 15 GIP to KRW:
15 GIP = 15 × 0.000535451628096983 KRW = 0.00803177442145475 KRW
Gibraltar Pound to South Korean Won Conversion Table
| Gibraltar Pound | South Korean Won |
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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.
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.