South Korean Won north korean won exchange rate history (KRW KPW) November 2023

South Korean Won north korean won history for November 2023. The highest quote for this month is 0.69589 (21/11/2023) and the lowest 0.70107 (21/11/2023). The difference between high and low is -0.74.

KRW KPW average rate for November 2023 is 0.69039, the change between 01/11/2023 and 30/11/2023 is -4.8 %.

01 November 2023	1 KRW = 0.6666 KPW
06 November 2023	1 KRW = 0.6882 KPW
07 November 2023	1 KRW = 0.6939 KPW
08 November 2023	1 KRW = 0.6899 KPW
09 November 2023	1 KRW = 0.6880 KPW
10 November 2023	1 KRW = 0.6843 KPW
11 November 2023	1 KRW = 0.6835 KPW
12 November 2023	1 KRW = 0.6836 KPW
13 November 2023	1 KRW = 0.6820 KPW
14 November 2023	1 KRW = 0.6823 KPW
15 November 2023	1 KRW = 0.6901 KPW
16 November 2023	1 KRW = 0.6913 KPW
17 November 2023	1 KRW = 0.6964 KPW
18 November 2023	1 KRW = 0.6953 KPW
19 November 2023	1 KRW = 0.6953 KPW
20 November 2023	1 KRW = 0.6953 KPW
21 November 2023	1 KRW = 0.6987 KPW
22 November 2023	1 KRW = 0.6949 KPW
23 November 2023	1 KRW = 0.6930 KPW
26 November 2023	1 KRW = 0.6907 KPW
27 November 2023	1 KRW = 0.6978 KPW
28 November 2023	1 KRW = 0.6910 KPW
29 November 2023	1 KRW = 0.6990 KPW
30 November 2023	1 KRW = 0.6986 KPW

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

Historic South Korean Won North Korean won