Historic South Korean Won Gibraltar pound

South Korean Won gibraltar pound history for February 2024. The highest quote for this month is 0.000597 (06/02/2024) and the lowest 0.000613 (09/02/2024). The difference between high and low is -2.68.

KRW GIP average rate for February 2024 is 0.0006, the change between 01/02/2024 and 29/02/2024 is 0 %.

01 February 20241 KRW = 0.0006 GIP
02 February 20241 KRW = 0.0006 GIP
05 February 20241 KRW = 0.0006 GIP
06 February 20241 KRW = 0.0006 GIP
07 February 20241 KRW = 0.0006 GIP
08 February 20241 KRW = 0.0006 GIP
09 February 20241 KRW = 0.0006 GIP
12 February 20241 KRW = 0.0006 GIP
13 February 20241 KRW = 0.0006 GIP
14 February 20241 KRW = 0.0006 GIP
15 February 20241 KRW = 0.0006 GIP
16 February 20241 KRW = 0.0006 GIP
19 February 20241 KRW = 0.0006 GIP
20 February 20241 KRW = 0.0006 GIP
21 February 20241 KRW = 0.0006 GIP
22 February 20241 KRW = 0.0006 GIP
23 February 20241 KRW = 0.0006 GIP
26 February 20241 KRW = 0.0006 GIP
27 February 20241 KRW = 0.0006 GIP
28 February 20241 KRW = 0.0006 GIP
29 February 20241 KRW = 0.0006 GIP

01/10/2022: Transition to digital currency

Gibraltar announced the introduction of a digital currency pegged 1:1 to the Gibraltar pound, making it one of the first jurisdictions to do so.

15/08/2019: Commencement of polymer £50 issuance

Polymer £50 banknotes were introduced, replacing the older paper £50 notes.

26/06/2018: New £100 banknote issued

A new £100 banknote featuring the image of Sir Joshua Hassan, first Chief Minister of Gibraltar, was issued.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

06/11/1988: Introduction of polymer banknotes

Polymer banknotes were introduced in Gibraltar, enhancing durability and counterfeit resilience.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

15/02/1971: Currency tied to British pound

The Gibraltar pound became pegged to the British pound at a rate of 1:1, ensuring stability and ease of trade.

23/06/1969: Currency switch to decimalization

Gibraltar switched from the pound shilling pence system to a decimalized currency, with 100 pence equal to 1 pound.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

07/03/1927: Introduction of Gibraltar pound

The Gibraltar pound was first introduced as the official currency of Gibraltar, replacing the Spanish peseta.