KRW to GMD Exchange Rate - Convert South Korean Won to Gambian Dalasi

Converting from South Korean Won (KRW) to Gambian Dalasi (GMD)

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea. Its symbol is ₩, and it is subdivided into 100 jeon, although the use of jeon is quite rare today. The currency was introduced in 1945, replacing the Korean yen at a rate of 15 won for every 1 yen. The Bank of Korea (BOK), South Korea's central bank, is responsible for issuing the won and managing its monetary policy.

The won is a floating currency, meaning its value is determined by the foreign exchange market based on supply and demand. The KRW is often affected by various factors, including the country's economic performance, interest rates, and geopolitical events in the region. In recent years, the South Korean economy has seen significant growth, driven by strong industries such as technology, automotive, and electronics, which has bolstered the strength of the won in international markets.

What is Gambian Dalasi (GMD)

The Gambian Dalasi (GMD) is the official currency of The Gambia, a small West African nation. The symbol for the dalasi is D, and it is further divided into 100 bututs. The currency was introduced in 1971, replacing the Gambian pound at a rate of 1 dalasi for every 10 pounds. The Central Bank of The Gambia manages the currency and oversees monetary policy within the country.

The economic situation in Gambia has historically been influenced by agriculture, tourism, and remittances from Gambians living abroad. The dalasi can be subject to fluctuations due to various factors, including political stability, inflation rates, and changes in the global market that affect trade in primary goods. These variations can lead to periods of both strength and weakness for the dalasi compared to global currencies like the USD, EUR, or KRW.

Converting KRW to GMD

When converting from KRW to GMD, it is essential first to find the current exchange rate between the two currencies. Exchange rates can change frequently, so using a reliable financial news source or a currency converter tool online is advisable for your current analysis.

For example, if the conversion rate is $1 KRW = 0.034 GMD$, to convert 10,000 KRW to GMD, you would calculate:

10,000 KRW × 0.034 GMD/KRW = 340 GMD

By understanding the fundamentals of the KRW and GMD, individuals and businesses can make informed decisions regarding their currency exchanges, helping facilitate trade, travel, and investment opportunities between South Korea and The Gambia. Make sure to consider the risks of currency fluctuations and seek professional advice if needed.

South Korean Won to Gambian Dalasi conversion table

KRW to GMD conversion table

South Korean Won (KRW)Gambian Dalasi (GMD)
1 KRW0.04835807803 GMD
2 KRW0.09671615605 GMD
3 KRW0.14507423408 GMD
4 KRW0.19343231211 GMD
5 KRW0.24179039013 GMD
6 KRW0.29014846816 GMD
7 KRW0.33850654619 GMD
8 KRW0.38686462421 GMD
9 KRW0.43522270224 GMD
10 KRW0.48358078027 GMD
100 KRW4.83580780267 GMD
200 KRW9.67161560534 GMD
300 KRW14.50742340801 GMD
400 KRW19.34323121068 GMD
500 KRW24.17903901335 GMD
600 KRW29.01484681602 GMD
700 KRW33.85065461869 GMD
800 KRW38.68646242136 GMD
900 KRW43.52227022403 GMD
1 000 KRW48.35807802669 GMD
2 000 KRW96.71615605339 GMD
5 000 KRW241.79039013347 GMD
10 000 KRW483.58078026695 GMD
20 000 KRW967.16156053389 GMD
50 000 KRW2 417.90390133473 GMD
100 000 KRW4 835.80780266946 GMD
Last updated April 1, 2025 at 11:55 PM