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 KRW0.04859271885 GMD
2 KRW0.0971854377 GMD
3 KRW0.14577815655 GMD
4 KRW0.1943708754 GMD
5 KRW0.24296359425 GMD
6 KRW0.2915563131 GMD
7 KRW0.34014903195 GMD
8 KRW0.3887417508 GMD
9 KRW0.43733446965 GMD
10 KRW0.4859271885 GMD
100 KRW4.85927188503 GMD
200 KRW9.71854377006 GMD
300 KRW14.57781565509 GMD
400 KRW19.43708754012 GMD
500 KRW24.29635942515 GMD
600 KRW29.15563131017 GMD
700 KRW34.0149031952 GMD
800 KRW38.87417508023 GMD
900 KRW43.73344696526 GMD
1 000 KRW48.59271885029 GMD
2 000 KRW97.18543770058 GMD
5 000 KRW242.96359425146 GMD
10 000 KRW485.92718850291 GMD
20 000 KRW971.85437700582 GMD
50 000 KRW2 429.63594251456 GMD
100 000 KRW4 859.27188502912 GMD
Last updated April 2, 2025 at 11:59 PM