Historic Bermudian dollar South Korean Won

Bermudian dollar south korean won history for August 2023. The highest quote for this month is 1344.11 (18/08/2023) and the lowest 1339.15 (20/08/2023). The difference between high and low is 0.37.

BMD KRW average rate for August 2023 is 1320.78346, the change between 01/08/2023 and 31/08/2023 is -3.53 %.

01 August 20231 BMD = 1277.93 KRW
02 August 20231 BMD = 1289.05 KRW
03 August 20231 BMD = 1295.37 KRW
04 August 20231 BMD = 1296.40 KRW
05 August 20231 BMD = 1309.50 KRW
07 August 20231 BMD = 1303.05 KRW
08 August 20231 BMD = 1307.75 KRW
09 August 20231 BMD = 1316.67 KRW
10 August 20231 BMD = 1313.64 KRW
11 August 20231 BMD = 1318.33 KRW
12 August 20231 BMD = 1324.50 KRW
14 August 20231 BMD = 1329.61 KRW
15 August 20231 BMD = 1334.74 KRW
16 August 20231 BMD = 1338.74 KRW
17 August 20231 BMD = 1343.33 KRW
18 August 20231 BMD = 1339.08 KRW
20 August 20231 BMD = 1339.15 KRW
21 August 20231 BMD = 1339.17 KRW
22 August 20231 BMD = 1339.74 KRW
23 August 20231 BMD = 1339.69 KRW
24 August 20231 BMD = 1327.78 KRW
25 August 20231 BMD = 1326.62 KRW
28 August 20231 BMD = 1323.61 KRW
29 August 20231 BMD = 1322.82 KRW
30 August 20231 BMD = 1321.07 KRW
31 August 20231 BMD = 1323.03 KRW

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

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.

01/01/1998: 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.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

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.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

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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