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Easily convert KID to KRW with ConvertOnline's efficient tool.
The Kiribati Dollar (KID) is the official currency of Kiribati, an island nation in the central Pacific Ocean. It is tied to the Australian Dollar at par, meaning that 1 Kiribati Dollar is equivalent to 1 Australian Dollar, facilitating trade and economic stability in the region.
The South Korean Won (KRW) is the official currency of South Korea, introduced in 1945 to replace the Korean yen. It is a fiat currency, meaning its value is not backed by physical commodities but rather by the government that issues it. The Won is used for all transactions within South Korea and is subdivided into 100 jeon, though the use of jeon is largely obsolete in everyday transactions.