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Easily convert KRW to KYD with ConvertOnline's efficient tool.
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.
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, a British Overseas Territory in the Caribbean. It is commonly used for transactions within the islands and is pegged to the United States Dollar (USD), making it a stable currency for both residents and visitors alike.