KRW to GYD Exchange Rate - Convert South Korean Won to Guyana Dollar

Converting from South Korean Won (KRW) to Guyana Dollar (GYD)

What is South Korean Won (KRW)

The South Korean Won (KRW) is the official currency of South Korea. It has been in use since 1945, replacing the Korean yen, which was in circulation during the Japanese occupation of Korea. The symbol for the won is ₩. The currency is managed by the Bank of Korea, which is responsible for issuing banknotes and coins.

The won is divided into smaller units called jeon, although these smaller units are rarely used in everyday transactions. As of recent times, the won is primarily available in banknotes of 1,000, 5,000, 10,000, and 50,000 won. Coins come in denominations of 1, 5, 10, 50, 100, and 500 won.

The value of the South Korean Won can fluctuate based on various economic factors, including interest rates, inflation, and international trade. South Korea's robust technology and manufacturing sectors contribute to a relatively stable economy, impacting the currency's strength in global markets. The currency is often traded in foreign exchange markets, making it a key player in international finance.

What is Guyana Dollar (GYD)

The Guyana Dollar (GYD) serves as the official currency of Guyana, a country located on the northeastern coast of South America. The currency was introduced in 1965, replacing the British Guiana dollar, as the nation sought to establish its own economic identity post-independence. The symbol for the Guyana dollar is $ or G$ to differentiate it from other dollar-denominated currencies.

The Guyana dollar is subdivided into 100 cents. Coins are available in denominations of 1, 5, 10, 25, and 50 cents, as well as 1 and 5 dollars. Banknotes are issued in higher denominations, including 20, 50, 100, 500, and 1000 dollars. The country's central bank, the Bank of Guyana, is responsible for managing currency issuance and monetary policy.

The exchange rate of the Guyana dollar can be influenced by various factors, including commodities prices, particularly gold and sugar, which are significant exports for the country. The currency is essential for domestic transactions and trade and is subject to fluctuations against other currencies in the foreign exchange market.

Converting KRW to GYD

When converting from KRW to GYD, it is important to check current exchange rates, as they can vary significantly based on market conditions. You can use various online currency converters to find the most accurate and up-to-date rates.

The relationship between the two currencies is essential for those engaging in business, travel, or trade between South Korea and Guyana. Understanding how to convert KRW to GYD will help you navigate financial decisions effectively.

Remember that currency conversion often involves transaction fees or commissions, so consider these costs when exchanging money. Whether you're savoring a traditional Korean dish or enjoying a Guyanese meal, being informed about currency values can enhance your travel and commerce experiences.

South Korean Won to Guyana Dollar conversion table

KRW to GYD conversion table

South Korean Won (KRW)Guyana Dollar (GYD)
1 KRW0.1421929721 GYD
2 KRW0.28438594419 GYD
3 KRW0.42657891629 GYD
4 KRW0.56877188839 GYD
5 KRW0.71096486048 GYD
6 KRW0.85315783258 GYD
7 KRW0.99535080468 GYD
8 KRW1.13754377677 GYD
9 KRW1.27973674887 GYD
10 KRW1.42192972097 GYD
100 KRW14.21929720966 GYD
200 KRW28.43859441931 GYD
300 KRW42.65789162897 GYD
400 KRW56.87718883863 GYD
500 KRW71.09648604828 GYD
600 KRW85.31578325794 GYD
700 KRW99.53508046759 GYD
800 KRW113.75437767725 GYD
900 KRW127.97367488691 GYD
1 000 KRW142.19297209656 GYD
2 000 KRW284.38594419313 GYD
5 000 KRW710.96486048282 GYD
10 000 KRW1 421.92972096563 GYD
20 000 KRW2 843.85944193127 GYD
50 000 KRW7 109.64860482817 GYD
100 000 KRW14 219.29720965635 GYD
Last updated April 1, 2025 at 11:55 PM