Historic Australian dollar South Korean Won

Australian dollar south korean won history for January 2024. The highest quote for this month is 888.34 (02/01/2024) and the lowest 883.57 (10/01/2024). The difference between high and low is 0.54.

AUD KRW average rate for January 2024 is 880.29571, the change between 01/01/2024 and 31/01/2024 is +0.84 %.

01 January 20241 AUD = 882.3 KRW
02 January 20241 AUD = 881.0 KRW
03 January 20241 AUD = 884.7 KRW
04 January 20241 AUD = 882.1 KRW
05 January 20241 AUD = 879.4 KRW
06 January 20241 AUD = 883.5 KRW
07 January 20241 AUD = 882.6 KRW
08 January 20241 AUD = 882.0 KRW
09 January 20241 AUD = 881.5 KRW
10 January 20241 AUD = 882.2 KRW
11 January 20241 AUD = 883.3 KRW
12 January 20241 AUD = 878.8 KRW
13 January 20241 AUD = 878.6 KRW
14 January 20241 AUD = 878.5 KRW
15 January 20241 AUD = 878.2 KRW
16 January 20241 AUD = 877.7 KRW
17 January 20241 AUD = 881.5 KRW
18 January 20241 AUD = 880.6 KRW
19 January 20241 AUD = 880.6 KRW
22 January 20241 AUD = 879.3 KRW
23 January 20241 AUD = 879.6 KRW
24 January 20241 AUD = 880.4 KRW
25 January 20241 AUD = 874.6 KRW
26 January 20241 AUD = 879.9 KRW
28 January 20241 AUD = 879.4 KRW
29 January 20241 AUD = 879.4 KRW
30 January 20241 AUD = 881.8 KRW
31 January 20241 AUD = 874.9 KRW

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

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.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

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.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

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.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

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.

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.

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.
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