Pound Sterling to South Korean Won — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: South Korea

Currency Code, Symbol: KRW, ₩

Denominations of coins in circulation: ₩10, ₩50, ₩100, ₩500

Denominations of banknotes in circulation: ₩1,000, ₩5,000, ₩10,000, ₩50,000

History: The South Korean won (₩) is the official currency of South Korea. The banknotes are not used in other countries. An international name, used in exchange, is KRW.Chon, a small coin, is used for exchange. One KRW has 100 chon. The currency first appeared in the country in 1945, replacing the Korean yen. Afterwards, there was the South Korean hwan, but in 1962, the won was restored as an official currency again. The notes and coins of South Korea are unique in their colorful design. There are important figures, cultural and religious objects printed on them.Read More