Burundian Franc south korean won exchange rate history (BIF KRW) August 2023

Burundian Franc south korean won history for August 2023. The highest quote for this month is 0.47833 (18/08/2023) and the lowest 0.47696 (21/08/2023). The difference between high and low is 0.29.

BIF KRW average rate for August 2023 is 0.47083, the change between 01/08/2023 and 31/08/2023 is -3.47 %.

01 August 2023	1 BIF = 0.4556 KRW
02 August 2023	1 BIF = 0.4591 KRW
03 August 2023	1 BIF = 0.4609 KRW
04 August 2023	1 BIF = 0.4622 KRW
07 August 2023	1 BIF = 0.4672 KRW
08 August 2023	1 BIF = 0.4676 KRW
09 August 2023	1 BIF = 0.4691 KRW
10 August 2023	1 BIF = 0.4678 KRW
11 August 2023	1 BIF = 0.4694 KRW
12 August 2023	1 BIF = 0.4711 KRW
14 August 2023	1 BIF = 0.4715 KRW
15 August 2023	1 BIF = 0.4750 KRW
16 August 2023	1 BIF = 0.4773 KRW
17 August 2023	1 BIF = 0.4781 KRW
18 August 2023	1 BIF = 0.4769 KRW
19 August 2023	1 BIF = 0.4761 KRW
20 August 2023	1 BIF = 0.4761 KRW
21 August 2023	1 BIF = 0.4780 KRW
22 August 2023	1 BIF = 0.4759 KRW
23 August 2023	1 BIF = 0.4768 KRW
24 August 2023	1 BIF = 0.4734 KRW
25 August 2023	1 BIF = 0.4716 KRW
28 August 2023	1 BIF = 0.4707 KRW
29 August 2023	1 BIF = 0.4718 KRW
30 August 2023	1 BIF = 0.4713 KRW
31 August 2023	1 BIF = 0.4714 KRW

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

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.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

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.

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.

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.

Historic Burundian Franc South Korean Won