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GIB to KRW Converter and calculator

GIB/KRW: 1 GIB = 0.2037 KRW. The price of converting 1 gib (GIB) to South Korean Won (KRW) is 0.2037 KRW today.
GIB
GIB
KRW
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides GIB to KRW real-time exchange rates, making it easy to convert gib (GIB) to South Korean Won (KRW). The conversion result is based on real-time data. The conversion result shows that 1 GIB is currently valued at 0.2037 KRW. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 GIB is currently valued at 0.2037 KRW, which means buying 5 GIB would cost 1.02 KRW. Similarly, ₩1 KRW can be converted to 4.91 GIB, and ₩50 KRW can be converted to 24.55 GIB, excluding any platform or gas fees.

Convert GIB to KRW

Convert KRW to GIB

gib
South Korean Won
1 GIB
0.2037  KRW
Exchange 1 GIB for 0.2037 KRW
2 GIB
0.4073  KRW
Exchange 2 GIB for 0.4073 KRW
5 GIB
1.02  KRW
Exchange 5 GIB for 1.02 KRW
10 GIB
2.04  KRW
Exchange 10 GIB for 2.04 KRW
20 GIB
4.07  KRW
Exchange 20 GIB for 4.07 KRW
50 GIB
10.18  KRW
Exchange 50 GIB for 10.18 KRW
100 GIB
20.37  KRW
Exchange 100 GIB for 20.37 KRW
200 GIB
40.73  KRW
Exchange 200 GIB for 40.73 KRW
500 GIB
101.83  KRW
Exchange 500 GIB for 101.83 KRW
1000 GIB
203.66  KRW
Exchange 1000 GIB for 203.66 KRW
5000 GIB
1,018.31  KRW
Exchange 5000 GIB for 1,018.31 KRW
10000 GIB
2,036.62  KRW
Exchange 10000 GIB for 2,036.62 KRW
In the table above, you'll find a comprehensive GIB to KRW converter that shows the value of gib in South Korean Won across commonly used conversion amounts. The list covers conversions from 1 GIB to KRW, all the way up to 10000 GIB, providing a clear view of their respective values.
South Korean Won
gib
1 KRW
4.91 GIB
Exchange 1 KRW for 4.91 GIB
10 KRW
49.1 GIB
Exchange 10 KRW for 49.1 GIB
50 KRW
245.5 GIB
Exchange 50 KRW for 245.5 GIB
100 KRW
491.01 GIB
Exchange 100 KRW for 491.01 GIB
200 KRW
982.02 GIB
Exchange 200 KRW for 982.02 GIB
500 KRW
2,455.04 GIB
Exchange 500 KRW for 2,455.04 GIB
1000 KRW
4,910.09 GIB
Exchange 1000 KRW for 4,910.09 GIB
2000 KRW
9,820.17 GIB
Exchange 2000 KRW for 9,820.17 GIB
5000 KRW
24,550.43 GIB
Exchange 5000 KRW for 24,550.43 GIB
10000 KRW
49,100.87 GIB
Exchange 10000 KRW for 49,100.87 GIB
50000 KRW
245,504.35 GIB
Exchange 50000 KRW for 245,504.35 GIB
100000 KRW
491,008.7 GIB
Exchange 100000 KRW for 491,008.7 GIB
In the table above, you'll find a comprehensive KRW to GIB converter that shows the value of South Korean Won in gib across commonly used conversion amounts. The list covers conversions from 1 KRW to GIB, all the way up to 100000 KRW, providing a clear view of their respective values.

GIB to KRW chart

GIB/KRW: 1 GIB = 0.2037 KRW; 2025/11/12 03:45:03
In the past 1D, gib has changed -9.14% to KRW. Based on the trend and price charts, gib(GIB) has changed -9.14% to KRW while South Korean Won(KRW) has changed % to GIB in the last 24 hours.
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GIB to KRW conversion data: Volatility and price changes of gib in KRW

The highest gib price in KRW over the past 7 days was 0.2636 KRW while the lowest gib price in KRW over the past 7 days was 0.1641 KRW. The relative change between the highs and lows in gib price in KRW over the last 7 days indicates a volatility of %. You can view additional volatility data and GIB to KRW prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.2285 KRW
0.2636 KRW
0.4928 KRW
3.2 KRW
Low
0.1978 KRW
0.1641 KRW
0.1539 KRW
0.1539 KRW
Average
0 KRW
0 KRW
0 KRW
0 KRW
Volatility
%
%
%
%
Change
-9.14%
+18.81%
-53.25%
-93.39%

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gib information

GIB to KRW market statistics

GIB/KRW:
₩0.2037
GIB 24h volume:
₩263,994,483.75
GIB market cap:
--
GIB circulating supply:
0 GIB

Current GIB to KRW exchange rate

gib to South Korean Won is rising this week.
gib's current market price is ₩0.2037 per GIB, with a total market cap of ₩0 KRW based on a circulating supply of -- GIB. The trading volume of gib has changed by +2.34% (₩6,045,045.09 KRW) in the last 24 hours. Last trading day, GIB's trading volume was ₩257,949,438.65.

More info about gib on Bitget

South Korean Won information

About the South Korean Won (KRW)

What Is the South Korean Won (KRW)?

The South Korean Won (KRW) is the official currency of South Korea. It is symbolized by ₩ and is a decimalized currency, meaning it is divided into 100 subunits called jeon, although the jeon is no longer used in everyday transactions. The most commonly used denomination is 1 won. The international foreign exchange market designation for the South Korean Won is KRW. The South Korean Won is the sole legal tender in South Korea, and it is used for all transactions within the country.

The South Korean Won is issued by the Bank of Korea, which is the central bank of South Korea. The Bank of Korea is responsible for the design, production, and distribution of the nation's currency. Additionally, the actual minting of coins and printing of banknotes are carried out by the Korea Minting and Security Printing Corporation, a government-owned corporation that also handles the production of various government documents and securities.

What Is the History of KRW?

The won has been a part of Korea's monetary system for centuries, with the modern version dating back to 1902. During Japan's occupation from 1910 to 1945, the won was replaced by the Korean yen. After World War II, Korea was divided, leading to the creation of the South Korean won in 1949. Initially pegged to the US dollar, the won underwent several devaluations, especially during the Korean War. In 1962, the won was reintroduced after being replaced by the hwan between 1953 and 1962. The won was pegged to the US dollar until 1997 when it was allowed to float freely in the foreign exchange market.

Notes and Coins of KRW

Initially, coins ranged from ₩1 to ₩100, but inflation led to the withdrawal of the ₩1 and ₩5 coins in 1992. Currently, coins are minted in denominations of ₩10, ₩50, ₩100, and ₩500. The initial series of banknotes in 1962 included denominations up to ₩100, with a ₩500 note. Over time, higher denominations were introduced to keep pace with inflation, including ₩1000, ₩5000, ₩10,000, and later ₩50,000. To combat counterfeiting, modern banknotes feature up to 22 separate security features.

Why Does South Korean Won Have Many Zeroes?

The South Korean Won (KRW) features many zeros largely due to historical inflation, particularly during the Korean War in the 1950s, which devalued the currency and necessitated larger denominations. This trend was further reinforced by South Korea's rapid economic development and industrialization from the 1960s onwards. Cultural preferences for larger numerical values and the practicality of transactional efficiency also play a role. However, it's important to note that the number of zeros in the currency does not directly reflect its value, as currency worth is relative and influenced by various economic factors.

Do North and South Korea Use the Same Currency?

No, North and South Korea do not use the same currency. Although both countries use a currency called the "won," they are distinct and separate currencies issued by their respective governments.

South Korean Won (KRW): The currency used in South Korea is the South Korean Won, symbolized as ₩. It is issued by the Bank of Korea, the central bank of South Korea.

North Korean Won (KPW): North Korea uses the North Korean Won, also symbolized as ₩. It is issued by the Central Bank of the Democratic People's Republic of Korea, which is North Korea's central bank.

The two currencies are not interchangeable and have different values and characteristics in the international currency markets.

Bitget crypto-to-fiat exchange data shows that the most popular gib currency pair is the GIB to KRW, with for gib's currency code being GIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KRW.

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How to convert GIB to KRW

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GIB to KRW Conversion tables

The exchange rate of gib is decreasing.
The exchange rate of 1 GIB to South Korean Won has changed by +18.81% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.14%, reaching a high of 0.2285 KRW and a low of 0.1978 KRW . One month ago, the value of 1 GIB was ₩0.4357 KRW , which represents a -53.25% change from its current value. Over the last year, gib has changed by
+
0.2036KRW
, resulting in a change of -94.26% in its value.
24 hours ago1 month ago1 year ago
Amount 03:45 am today 24 hours ago 24h change
0.5 GIB
₩0.1018₩0.1121
-9.14%
1 GIB
₩0.2037₩0.2241
-9.14%
5 GIB
₩1.02₩1.12
-9.14%
10 GIB
₩2.04₩2.24
-9.14%
50 GIB
₩10.18₩11.21
-9.14%
100 GIB
₩20.37₩22.41
-9.14%
500 GIB
₩101.83₩112.07
-9.14%
1000 GIB
₩203.66₩224.14
-9.14%

GIB to KRW FAQ

How much is 1 gib in KRW?
Right now, the price of 1 gib (GIB) in South Korean Won (KRW) is ₩0.2037.
How much GIB can I buy for 1 KRW?
Based on the current exchange rate, you can get 4.91 GIB for 1 KRW.
How do I calculate or convert GIB to KRW?
You can use our GIB to KRW calculator at the top of this page to convert any amount of GIB to KRW. We've also included quick-reference tables for the most popular conversions. For example, 5 KRW is equivalent to 24.55 GIB, while 5 GIB will cost around 1.02KRW.
What is the highest price of GIB/KRW in history?
The all-time high price of 1 GIB in KRW is ₩22.82. It remains to be seen if the value of 1 GIB/KRW will exceed the current all-time high.
What is the price trend of gib in KRW?
Over the past 7 days, the exchange rate of gib (GIB) has gone up by 18.81%.   Over the last month, the exchange rate of gib (GIB) has gone down by 53.25% against South Korean Won (KRW).

What factors influence the conversion rate of GIB to KRW?

There are many factors that affect the relationship between gib and South Korean Won, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of GIB/KRW. When there is positive news in the market about the widespread adoption of GIB or major technological breakthroughs, it tends to trigger market optimism and drive the rise of GIB/KRW. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in GIB/KRW.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of GIB/KRW. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of gib and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular gib currency pairs: GIB to US Dollar (USD), GIB to Euro (EUR), GIB to Pound Sterling (GBP), GIB to Canadian Dollar (CAD), GIB to Indian Rupee (INR), GIB to Pakistani Rupee (PKR), GIB to Brazilian Real (BRL), GIB to…
The price of gib in the US is $0.0001390 USD. Additionally, gib’s price is €0.0001201 EUR in the eurozone, £0.0001058 GBP in the UK, C$0.0001948 CAD in Canada, ₹0.01230 INR in India, ₨0.03928 PKR in Pakistan, R$0.0007326 BRL in Brazil, and more.
The most popular gib currency pair is the GIB to South Korean Won(KRW). The price of 1 gib (GIB) in South Korean Won (KRW) is ₩0.2037.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.