Convert New Taiwan Dollar to South Korean Won
Please provide values below to convert New Taiwan Dollar [TWD] to South Korean Won [KRW], or Convert South Korean Won to New Taiwan Dollar.
How to Convert New Taiwan Dollar to South Korean Won
1 TWD = 0.0212394124801674 KRW
Example: convert 15 TWD to KRW:
15 TWD = 15 × 0.0212394124801674 KRW = 0.318591187202511 KRW
New Taiwan Dollar to South Korean Won Conversion Table
| New Taiwan Dollar | South Korean Won |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.