Convert South Korean Won to Philippine Peso
Please provide values below to convert South Korean Won [KRW] to Philippine Peso [PHP], or Convert Philippine Peso to South Korean Won.
How to Convert South Korean Won to Philippine Peso
1 KRW = 24.2802134792588 PHP
Example: convert 15 KRW to PHP:
15 KRW = 15 × 24.2802134792588 PHP = 364.203202188882 PHP
South Korean Won to Philippine Peso Conversion Table
| South Korean Won | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.