Convert Jersey Pound to South Korean Won
Please provide values below to convert Jersey Pound [JEP] to South Korean Won [KRW], or Convert South Korean Won to Jersey Pound.
How to Convert Jersey Pound to South Korean Won
1 JEP = 0.000535451628096983 KRW
Example: convert 15 JEP to KRW:
15 JEP = 15 × 0.000535451628096983 KRW = 0.00803177442145475 KRW
Jersey Pound to South Korean Won Conversion Table
| Jersey Pound | South Korean Won |
|---|
Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
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.